Super Micro misses quarterly estimates on delivery delays

Core Viewpoint - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue due to a shift in delivery schedules for large AI deals, resulting in an over 8% drop in shares during extended trading [1] Group 1: Financial Performance - The company reported first-quarter revenue of $5 billion, which fell short of analysts' average estimate of $6 billion [4] - Adjusted earnings were 35 cents per share, below the expected 40 cents [4] - Super Micro forecasts second-quarter revenue between $10 billion and $11 billion, exceeding analysts' average estimate of $7.83 billion [5] - The annual revenue forecast was raised to $36 billion from the previous projection of $33 billion [5] Group 2: Operational Challenges - Nearly $1.5 billion in revenue was shifted from the September quarter to the December quarter due to last-minute configuration upgrades by a high-volume customer [2] - The complexity of new GPU racks necessitated intricate integration, testing, and validation, making sourcing and building more time-consuming [2] Group 3: Market Position and Demand - Super Micro has over $13 billion in orders for the Nvidia Blackwell Ultra-based GB300 product line [4] - The company's growth is heavily reliant on data center demand, with a focus on AI GPU platforms as a key growth driver [3][4] - Collaboration with Nvidia positions Super Micro to be among the first to market with systems built around new chip architecture [3]