Super Micro Computer(US:SMCI) Investors·2025-11-04 22:38Core Insights - Super Micro Computer (SMCI) missed Wall Street's expectations for its fiscal first quarter, leading to a significant drop in stock price during after-hours trading [1][5]. Financial Performance - For the quarter ending September 30, Supermicro reported adjusted earnings of $0.35 per share on sales of $5.02 billion, falling short of analyst expectations of $0.37 per share and $5.83 billion in sales. Year-over-year, earnings decreased by 52% and sales declined by 15% [2]. - The company revised its sales guidance for the September quarter, indicating that some customers postponed deliveries to the December quarter for project upgrades [3]. - For the current quarter, Supermicro anticipates adjusted earnings of $0.50 per share on sales of $10.5 billion, compared to Wall Street's expectations of $0.61 per share and $7.94 billion in sales [3]. - For the full fiscal year 2026, Supermicro expects net sales of at least $36 billion, representing a 64% increase, surpassing analyst expectations of $32.2 billion [4]. Market Reaction - Following the earnings report, SMCI stock fell over 8% in after-hours trading to $43.45, and during regular trading, it dropped 6.6% to close at $47.40 [5].