Reported about 12 hours ago
Supermicro's stock plummeted by more than 9% after the company reported first-quarter earnings and revenue for fiscal 2026 that fell short of Wall Street expectations. The company recorded a revenue of $5.02 billion, down from $5.94 billion a year earlier, and adjusted earnings per share of $0.35, below the projected $0.41. This marks the sixth consecutive quarter that Supermicro has not met analyst estimates, further compounding challenges in a competitive AI server market and concerns raised by a previous report on accounting issues.
Source: YAHOO