Supermicro's shares fell 15% after the company warned it would miss Q3 revenue forecasts by $1.5 billion, now estimating revenues between $4.5 billion and $4.6 billion. The company attributed these issues to delayed customer decisions and lower gross margins due to higher inventory reserves. Historically troubled by financial discrepancies, Supermicro faces renewed investor anxiety as it struggles to align performance with optimistic projections amid a booming AI market and increased operational costs. The uncertainty raises concerns about future growth and financial stability.
Supermicro shares slumped 15 percent in after-hours trading as the company warned next week's quarterly results will see it miss forecast revenue by up to $1.5 billion.
The company explained its woes in a business update that offered scant explanation for the situation, other than three bullet points about robust product design wins and timing issues.
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