Reported about 4 hours ago
Super Micro Computer has revised its first-quarter revenue forecast for fiscal year 2026 to $5 billion from an earlier estimate of $6 to $7 billion, attributing the change to delays in customer delivery schedules for significant AI contracts. The company's shares dropped about 7% following the announcement, although it maintained its full-year revenue outlook of at least $33 billion due to strong demand for its AI offerings. Super Micro reported gaining over $12 billion in new business with delivery expected in the second quarter of fiscal 2026, as tech giants are investing heavily in AI infrastructure.
Source: YAHOO