By Juby Babu
(Reuters) -Super Micro Computer missed Wall Street estimates for quarterly earnings and revenue on Tuesday, hurt by a change in delivery schedules for big artificial intelligence deals, sending shares of the server maker down more than 8% in extended trading.
The company had warned that “design improvements” had pushed some of the expected revenue from the first quarter into the second.
Nearly $1.5 billion in revenue was carried over from the September quarter to the December quarter due to last-minute configuration updates by a high-volume customer, CEO Charles Liang said in a post-earnings call with analysts.
“These changes were largely caused by the complexity of these new graphics processing unit (GPU) racks, which require complex integration, testing and validation, making them more time-consuming to source and build,” Liang added.
Investors are watching for updates on production capacity and component availability, given increasing delivery times for GPUs and cooling modules, as Super Micro’s growth remains dependent on data center demand, said Gadjo Sevilla, senior technology and AI analyst at eMarketer.
Super Micro’s collaboration with Nvidia allows it to be among the first to market systems built around a new chip architecture, and its fully integrated systems with the AI ​​giant’s latest GPUs are critical to its success.
The company had more than $13 billion in orders for the Nvidia Blackwell Ultra-based GB300 product line, it said Tuesday.
Super Micro posted first-quarter revenue of $5 billion, missing analysts’ average estimate of $6 billion, according to data compiled by LSEG.
Its adjusted earnings of 35 cents per share missed estimates of 40 cents.
The company expects demand to remain strong through the remainder of fiscal 2026, with AI-enabled GPU platforms continuing to drive growth.
Super Micro forecast second-quarter revenue in the range of $10 billion to $11 billion, above analysts’ average estimate of $7.83 billion.
It also raised its annual revenue forecast to $36 billion, from its previous projection of $33 billion.
(Reporting by Juby Babu in Mexico City; Editing by Sriraj Kalluvila)