Overview

• Super Micro reported adjusted Q4 earnings per share of $0.41 on revenue of $5.76 billion, missing analysts’ expectations of $0.44 per share and $5.89 billion.
• Its stock fell 20% on Wednesday after the company announced the results.
• CEO Charles Liang attributed part of the shortfall to working-capital constraints and specification changes from a major new customer.
• The company lowered its full-year revenue forecast to at least $33 billion, down from a prior projection of up to $40 billion.
• It guided fiscal first-quarter revenue of $6 billion to $7 billion and adjusted EPS of $0.40 to $0.52, both below Wall Street projections.