Shares of Super Micro Computer tumbled more than 9% in premarket trading Wednesday after the AI-focused server maker missed quarterly profit and revenue targets, attributing the shortfall to shipment delays prompted by late-stage design changes.
The California company said so-called “design win upgrades” moved nearly $1.5 billion in first-quarter revenue into the current quarter after a large customer requested alterations to GPU rack configurations. CEO Charles Liang said the “complexity of the new GPU racks” required extra integration and testing time.
Super Micro has become a visible player in the AI hardware boom, supplying high-performance servers for large-scale data centres. A close partnership with Nvidia has helped it roll out new GPU platforms such as the Blackwell Ultra family early, contributing to a roughly $13 billion order backlog that keeps the firm central to the global AI infrastructure push.
Despite the near-term disruption, the company raised its full-year revenue guidance to at least $36 billion from $33 billion, signalling confidence in sustained demand. It also forecast second-quarter revenue between $10 billion and $11 billion — well above Wall Street’s expectation of about $7.83 billion.
The stock has rallied about 56% year-to-date amid strong interest in AI plays. Still, analysts caution that Super Micro’s aggressive pricing strategy and slim profit margins could test investor patience as competition for AI servers intensifies.
In sum, the quarterly miss exposed execution risks, but Super Micro’s foothold in the expanding AI ecosystem keeps it squarely in investors’ view.
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