Super Micro Computer’s Stock Plunges Amidst Earnings Miss and Guidance Cuts

Super Micro Computer Inc.’s (NASDAQ: SMCI) stock has taken a significant hit after preliminary earnings for the fiscal third quarter fell short of analyst expectations. The company reported EPS between $0.29 and $0.31, significantly below the anticipated $0.54, and revenue came in under forecasts at $4.5 billion to $4.6 billion compared to projected $5.5 billion. Delays in customer platform decisions and increased inventory reserves are cited as key contributors to these financial woes.