超微电脑SMCI）_2026 财年一季度业绩预告_因交货延迟至二季度导致营收不及预期；重申全年超 330 亿美元营收指引

23 October 2025 | 11:15AM EDT Equity Research Super Micro Computer Inc. (SMCI): F1Q26 preannouncement: Revenue miss as deliveries slip to F2Q; $33 bn+ FY guide reiterated Bottom line: We expect SMCI to trade lower on the negative preannouncement, which includes a revenue miss driven by deliveries pushed from F1Q to F2Q as customers upgrade their designs. We expect F1Q26 revenue miss to likely pressure margins, though we're encouraged by the order momentum, particularly against the backdrop of investor conce ...