"Super Micro's forecast for the upcoming quarter fell significantly short of analyst expectations, primarily due to delayed purchases and ongoing economic uncertainty. "
Super Micro Computer Inc. disappointed investors by issuing a revenue forecast of $5.6 billion to $6.4 billion for the quarter ending in June, significantly lower than analyst expectations of $6.59 billion. CEO Charles Liang attributed the miss to delayed orders and noted that tariff impacts may affect short-term demand. The company's gross margin also declined, primarily due to increased inventory reserves and costs linked to product launches. Following the announcement, shares dropped around 7% in after-hours trading, highlighting the market's reaction to the lackluster results.
Read at www.mercurynews.com
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