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Investing.com - Super Micro Computer (NASDAQ:SMCI) stock dropped approximately 6% during trading after the company pre-announced lower-than-expected fiscal first quarter 2026 revenue. The stock, which has gained over 71% year-to-date despite today’s decline, continues to show significant volatility. InvestingPro data reveals 14 analysts have recently revised their earnings expectations downward for the upcoming period.
The server manufacturer revealed its September quarter sales would be near $5 billion, falling short of its previous guidance range of $6-7 billion. Despite the revenue miss, Raymond James maintained its Outperform rating and $53.00 price target on the stock.
Super Micro Computer reaffirmed its fiscal year 2026 forecast for sales of at least $33 billion, suggesting the company views the first quarter shortfall as a timing issue rather than a fundamental business problem.
The company also announced a new $12 billion design win, potentially offsetting concerns about the revenue warning. Management did not provide additional details about this new business.
Super Micro Computer is scheduled to formally report its complete fiscal first quarter 2026 financial results on November 4, when more information about the revenue shortfall is expected to be disclosed.
In other recent news, Super Micro Computer, Inc. reported preliminary first-quarter fiscal 2026 revenue of approximately $5 billion, which did not meet its previous guidance range of $6 billion to $7 billion. The company attributed the shortfall to design win upgrades that shifted some expected revenue to the second quarter. However, Supermicro has secured new design wins exceeding $12 billion, with deliveries scheduled for the second quarter of fiscal 2026. Additionally, the company launched its Data Center Building Block Solutions, offering comprehensive data center infrastructure from a single vendor, including servers, storage, and cooling systems. This new business line aims to streamline deployment for organizations by providing integrated and tested components. In related developments, Lambda deployed Supermicro-built systems powered by hydrogen fuel cells, highlighting the company’s role in innovative energy solutions. Analyst firm Bernstein SocGen initiated coverage on Super Micro Computer with a Market Perform rating, noting the company’s growth but expressing concerns about its decelerating pace and aggressive guidance. These developments underscore a period of significant activity and strategic expansion for Super Micro Computer.
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