Reported 24 days ago
Super Micro Computer's stock fell over 16% after the company reported disappointing quarterly results, with adjusted earnings per share of $0.41, below Wall Street's expectation of $0.44, and revenue of $5.76 billion, less than the anticipated $6 billion. CEO Charles Liang attributed the earnings miss to capital constraints and supply chain issues, alongside concerns from analysts about the company's competitive position in the AI server market. Despite these struggles, the company projected revenue of at least $33 billion for the upcoming period.
Source: YAHOO