Super Micro Computer Inc. CEO Charles Liang spoke at the Computex conference in Taipei, Taiwan on June 5, 2024. The company’s shares dropped 10% in extended trading after weak fiscal first-quarter results. Revenue was $5.02 billion, missing the expected $6 billion. Net income fell over half to $168.3 million. Super Micro expects $10-11 billion in current quarter sales.

The revenue decline of 15% from a year ago was significant for Super Micro. The company had previously issued preliminary earnings, expecting $5 billion for the quarter, down from earlier guidance of $6-7 billion. The stock was up 55% for the year prior to the report. Super Micro’s servers with Nvidia GPUs had fueled growth during the AI boom.

Analyst estimates were missed by Super Micro, with earnings per share at 35 cents adjusted versus 40 cents expected. Net income fell to $168.3 million, or 26 cents a share, from $424.3 million, or 67 cents a share, a year earlier. The company now expects higher sales of $10-11 billion in the current quarter, above the $7.83 billion average estimate.

Read more at CNBC: Super Micro (SMCI) Q1 2026 earnings report