revenue shortfall

Super Micro Computer (SMCI) shares plunged 10% in after-hours trading as fiscal first-quarter results missed analyst expectations. EPS was 35 cents (adj.) versus 40 cents expected, and revenue reached $5.02 billion, below the $6 billion forecast. Revenue declined 15% year-over-year. Net income also more than halved. The company cited “design win upgrades” for the shortfall, shifting revenue to Q2, where they now forecast $10-$11 billion in sales. Despite benefiting from AI growth, SMCI’s growth seems to have slowed amid increasing competition.