Supermicro stock plummets as Q1 earnings, revenue fall short of Wall Street estimates

Supermicro (SMCI) stock dropped more than 8% before the bell on Wednesday as the AI server maker reported revenue and earnings for the first quarter of its 2026 fiscal year that fell below Wall Street's expectations. The company reported revenue of $5.02 billion for the first quarter, down from $5.94 billion during the year-ago period and less than the $6.09 billion expected by analysts, according to Bloomberg consensus estimates. Supermicro's adjusted earnings per share of $0.35 was also lower than the ...