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Super Micro Misses Q1, Lifts Outlook as $1.5 Billion Slips to Next Quarter

Management blamed a high‑volume customer's late configuration upgrades for deferring roughly $1.5 billion of sales into the current quarter.

Overview

  • Revenue came in at $5.02 billion and adjusted EPS at $0.35, both below estimates that had called for roughly $6 billion and $0.40.
  • The company guided second‑quarter revenue to $10 billion–$11 billion and raised full‑year sales targets to at least $36 billion.
  • Shares fell about 8%–10% in extended and premarket trading following the report.
  • Gross margin hovered near 9.3%–9.5% as management acknowledged a large, lower‑margin design win and the added complexity of new GPU rack builds.
  • Super Micro pointed to a sizable Nvidia‑linked order book, including reported GB300 demand around $13 billion, as analysts flagged six straight quarterly misses and ongoing profit‑margin risks.