US EditionSuper Micro shares dive after server maker issues weak preliminary financials
- Super Micro Computer announced preliminary unaudited results for its third fiscal quarter 2025.
- Delayed customer platform decisions moved certain sales into the next fiscal quarter.
- Gross margins for the period fell 220 basis points from the prior quarter.
- The company expects net sales of $4.5 billion to $4.6 billion this quarter.
- Super Micro shares dropped sharply in after-hours trading after the announcement.
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Super Micro stock plunges after surprise customer delays cost up to $1.4 billion in sales
Hardware manufacturer and Fortune 500 tech firm Super Micro Computer has issued a disappointing update on its third quarter financial results. The tech giant reported on Tuesday that it expects a revenue shortfall of anywhere from $400 million to $1.4 billion and that its gross profit margins declined by 220 basis points compared to the previous quarter. Time is money. And in Super Micro Computer’s case, customers need more time to make decisio…
·New York, United States
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Super Micro Computer Stock Is Tanking After Hours: What's Fueling The Sell-Off? - Super Micro Computer (NASDAQ:SMCI)
Super Micro Computer shares are tanking in Tuesday's after-hours session after the company reported preliminary results for its fiscal third quarter.
·New York, United States
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