Investor Confidence Shaken as Supermicro Adjusts Revenue Forecast
In a surprising turn of events, Super Micro Computer Inc. (SMCI) witnessed a 5.13% drop in its shares during Wednesday's premarket trading. This decline comes in the wake of the company's announcement to revise its 2025 revenue guidance downwards, from an initial $23.5 billion to $25.0 billion range to a more conservative $21.8 billion to $22.6 billion.
Quarterly Performance Highlights Challenges
The tech giant reported a 19% year-on-year increase in net sales for the third quarter of fiscal 2025, totaling $4.6 billion. However, this figure marks a decrease from the previous quarter. More concerning is the 73% annual drop in net income, which settled at $109 million, or $0.17 per diluted share.
At 4:17 am ET, Supermicro's stock price had fallen to $31.25, reflecting the market's reaction to the latest financial disclosures.
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