"The scary part was hidden in the document's second bullet point, which reads "Design win upgrades pushed some expected Q1 26 revenue to Q2 26, resulting in estimated revenue in Q1'26 of $5B versus $6B-$7B guidance." Investors don't like surprises like that, and Supermicro's share price dropped sharply from over $52 to $48.30. Owners of Supermicro shares have seen this movie before: In April 2025 the company warned its revenue estimates were off by $1.5 billion."
"The first bullet point in Thursday's update was rather happier, as it reported "Recent design wins in excess of $12B, requesting delivery in the second quarter of fiscal year 2026 (Q2'26)." The last news nugget in the update mentioned "Seeing robust demand for Supermicro Nvidia GB300, B300, RTX Pro, AMD 355X LC, now starting to ship.""
Supermicro revised Q1 FY2026 revenue to $5 billion after design-win upgrades shifted expected revenue into Q2 from prior guidance of $6–7 billion. Recent design wins exceed $12 billion with requested delivery in Q2'26 and demand is strong for Nvidia GB300, B300, RTX Pro and AMD 355X LC hardware now starting to ship. The revenue shift caused the share price to fall from over $52 to $48.30. A prior April 2025 warning identified a $1.5 billion revenue shortfall, followed by an auditor resignation and NASDAQ listing risk.
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