Super Micro Computer's Q1 revenue of $5 billion was below expectations, maintaining its full-year performance forecast of $33 billion unchanged
Super Micro's Q1 performance was below expectations, with intraday stock prices dropping over 6%. The company attributed the weak revenue to design order upgrades, which caused some expected income to shift from the first quarter to the second quarter of fiscal year 2026. Super Micro announced that it has recently secured over $12 billion in design orders, maintaining its full-year performance expectations and reaffirming that revenue for fiscal year 2026 will reach at least $33 billion
Super Micro Computer's preliminary first-quarter revenue data fell short of market expectations, and the company maintained its full-year performance forecast, reiterating that it will achieve a revenue target of at least $33 billion for the year.
On the 23rd, the artificial intelligence server manufacturer Super Micro Computer stated that it currently expects Q1 revenue to be $5 billion, down from the previous forecast of $6 billion to $7 billion. According to data compiled by the London Stock Exchange, analysts had previously expected the company's first-quarter revenue to be $6.52 billion. The company attributed the decline in sales to design order upgrades, which caused some expected revenue to shift from the first quarter to the second quarter of fiscal year 2026.
During U.S. stock trading, the company's stock price fell over 6%, with a pre-market decline of more than 10% at one point.
Despite the revenue not meeting expectations, Super Micro announced that it has recently secured over $12 billion in design orders, with customers requesting delivery in the second quarter. The company also reported that demand for its Nvidia GB300, B300, RTX Pro, and AMD 355X LC products is "strong," and these products have begun shipping.
Super Micro Computer President and CEO Charles Liang maintained the company's full-year performance forecast and reiterated the expectation of at least $33 billion in revenue for fiscal year 2026. Liang stated:
"Super Micro's newly launched AI liquid cooling solutions have received high recognition from customers, and many key customers are increasing their large-scale deployments across quarters. We see customer demand accelerating, and our AI market share is continuously expanding. We reaffirm our expectation of at least $33 billion in revenue for fiscal year 2026, with the potential for even higher growth."
