Super Micro Computer(US:SMCI) Zhi Tong Cai Jing·2025-10-23 14:31Core Viewpoint - Super Micro Computer (SMCI.US) reported preliminary revenue data for Q1 of fiscal year 2026 that fell significantly short of market expectations, leading to a decline in stock price by over 5.7% to $49.48 [1] Revenue Performance - The company announced that Q1 revenue for fiscal year 2026 is approximately $5 billion, which is below the market consensus estimate of $6.48 billion [1] - The shortfall is attributed to the deferral of revenue recognition for some orders due to upgrades, which will now be recognized in Q2 [1] Future Outlook - Despite the current revenue shortfall, the company highlighted that the total value of new design orders has exceeded $12 billion [1] - Deliveries for these new orders are expected to commence in Q2 of fiscal year 2026 [1]