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Investing.com -- Dell Technologies (NYSE:DELL) stock fell 3% Wednesday morning, while Hewlett Packard Enterprise (NYSE:HPE) shares dropped 1.4% following Super Micro Computer’s (NASDAQ:SMCI) disappointing quarterly results and guidance that sent its stock plunging 17%.
Super Micro Computer missed Wall Street estimates for fourth-quarter revenue and profit on Tuesday, signaling potential market share losses to larger competitors like Dell and HPE in the high-performance server market used for AI applications.
The San Jose-based company also issued weaker-than-expected guidance, projecting first-quarter earnings of $0.40-$0.52 per share versus the consensus estimate of $0.59, and revenue of $6-7 billion compared to analysts’ expectations of $6.59 billion.
Super Micro’s fiscal year 2026 revenue forecast of at least $33 billion fell significantly short of its February projection of approximately $40 billion, though it still exceeded the analyst consensus of $29.94 billion.
The contrasting fortunes of the server manufacturers have been evident in recent reports, with Dell raising its annual profit forecast and HPE beating second-quarter revenue and profit estimates, suggesting they may be capturing market share at Super Micro’s expense in the competitive AI server market.
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