Super Micro shares fall 6% on weak preliminary results

Shares of Super Micro Computer experienced a notable decline of 6% on Thursday following the release of disappointing preliminary results for its fiscal first quarter of 2026. The server manufacturer revealed that it anticipates earnings of approximately $5 billion for the quarter, a significant drop from its earlier projections of $6 billion to $7 billion. The company attributed this shortfall to what it described as "design win upgrades," which have shifted some expected revenue from the first quarter to the second quarter. Despite this setback, Super Micro's CEO, Charles Liang, remained optimistic, stating, "We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more." Liang also highlighted that Super Micro has recently secured design wins exceeding $12 billion, with deliveries anticipated in the upcoming fiscal second quarter. Investors and analysts will be looking for more detailed insights during the upcoming earnings call scheduled for November 4, where the company will officially disclose its first-quarter results and provide updates on second-quarter expectations.