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Super Micro Computer (SMCI) shares plunged in extended trading Tuesday after the company published preliminary quarterly results below its prior forecast.
The server maker and Nvidia (NVDA) partner said it now expects fiscal third-quarter revenue of $4.5 billion to $4.6 billion, well below its previous estimate of $5 billion to $6 billion. It projected adjusted earnings per share of 29 cents to 31 cents, down from 46 cents to 62 cents previously.
Shares of the beleaguered server maker tumbled more than 15% in after-hours trading. The stock was up 18% for 2025 through Tuesday’s close.
The downward revision comes after delayed consumer product decisions pushed sales into Supermicro’s fiscal fourth quarter, the company said.
Supermicro shares have seen significant volatility this year as concerns about the company's accounting practices and delayed filings raised worries it could be delisted from the Nasdaq. The company ultimately met the exchange’s deadline to file its delayed reports in February, but still faces challenges, including uncertainty around the impact of tariffs.
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