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When issuing preliminary financial results for its fiscal Q3, Super Micro (SMCI) said that while new generation product design wins “are robust,” during Q3 “some delayed customer platform decisions moved sales into Q4.” It added, “The GAAP and Non-GAAP gross margin for Q3 was 220 basis points lower than Q2 primarily due to higher inventory reserves resulting from older generation products and expedite costs to enable time-to-market for new products.” Shares of Super Micro are down 15%, or $5.30, to $30.70 in after-hours trading.
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