Super Micro's Weak Profit Fuels AI Server Margin Anxieties
- Quarterly revenue, earnings miss analysts’ estimates
- Company says it’s well-positioned to gain from AI investments
Charles Liang, CEO of Super Micro Computer, during the Computex conference in Taipei, Taiwan, on June 5.
Photographer: Annabelle Chih/BloombergThis article is for subscribers only.
Super Micro Computer Inc.’s shares slid on Wednesday after the company reported revenue and profit that missed analysts’ estimates, outweighing an annual sales outlook that was billions of dollars above Wall Street projections.
Profit, excluding some items, was $6.25 a share in the period ended June 30, the company said Tuesday in a statement. That fell short of Super Micro’s previous forecast and the $8.25 average analyst estimate. Sales were $5.31 billion, compared with an average projection of $5.32 billion, according to data compiled by Bloomberg.