Super Micro said "design win upgrades" pushed some expected first-quarter revenue to the second quarter.
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Super Micro Computer
shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026.
The server maker said it expects to report $5 billion in revenue for the quarter, down from the $6 billion to $7 billion guidance that the company had previously issued.
Super Micro said “design win upgrades” pushed some expected first-quarter revenue to the second quarter.
The server maker's business is still getting a big boost from artificial intelligence, but growth is slowing.
Super Micro has been a big beneficiary of the AI boom, but revenue and earnings in the latest quarter fell short of estimates.
CEO Charles Liang said the company is taking steps to "reduce the impact" of President Donald Trump's tariffs.
Super Micro said on Monday that it's offering $2 billion in convertible notes due 2030.
Investors on Friday appeared to jump into one Super Micro rival analysts see as the obvious beneficiary of the smuggling case.
The chipmaker fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.
