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Investing.com -- Super Micro Computer (NASDAQ:SMCI) stock fell as much as 10% Thursday morning after the company reported preliminary first quarter revenue below its previous guidance, citing design win upgrades that pushed expected revenue to the next quarter.
The AI server maker reported preliminary first quarter net sales of $5 billion, significantly below the analyst consensus estimate of $6.49 billion and the company’s own guidance range of $6 billion to $7 billion. The company attributed the shortfall to design win upgrades that shifted some expected revenue from the first quarter to the second quarter of fiscal year 2026.
Despite the revenue miss, Super Micro announced it has received recent design wins exceeding $12 billion, with customers requesting delivery in the second quarter. The company also reported "robust demand" for its Nvidia GB300, B300, RTX Pro, and AMD 355X LC products, which have begun shipping.
Charles Liang, President and CEO of Super Micro Computer, maintained the company’s full-year outlook, reiterating revenue expectations of at least $33 billion for fiscal year 2026. "Supermicro is seeing outstanding levels of customer engagements for newly released AI liquid cooled solutions along with numerous key customers ramping large, multi-quarter, volume deployments," said Liang. "We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more."