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On June 5, 2024, CEO of Super Micro Computer Charles Liang at the Computex Conference in Taipei, Taiwan.
Annabelle Chih | Bloomberg | Gets the image
Super micro The shares on Tuesday were immersed in 19% after the server manufacturer announced the preliminary results for the financial third quarter, which were lower than the analysts predicted.
Here’s how the previous company’s previous numbers are compared to the LSEG consensus:
- Profit per share: 29 to 31 cents, adjusted against 54 cents expected
- Income: 4.5 billion to $ 4.6 billion against $ 5.5 billion expected
Super Micro lowered the range from the previous recommendations for the quarter ended on March 31, according to statement. The new revenue range implies an extension by 18% growth, which is compared to 200% Super Micro growth a year ago.
“During the Q3, some delayed customer platforms have transferred sales to Q4,” the company said. The Super Micro said they also saw “higher stocks that result from the older generation products.”
Earlier, the company called for revenue from $ 5 billion and a rally from 46 cents to 62 cents. Super Micro said its gross profitability for the quarter was 220 basic points lower than in the previous period.
Shares of a competitor of the server Declaration Declined by almost 5% in trading receipts while while Hewlett Packard Enterprise About 2%fell. Nvidia The shares fell by about 2%.
Super Micro stocks over the last year.
Previously, the Hononian Apostle Strike for Super Micro, which has been due to the dispute over the delay of financial documents and disturbing reports from short sellers. In February, the company has submitted your financial resources For their financial 2024 and the first two -quarters of the financial 2025, just in time to fulfill the term Nasaka to stay on the list.
Last year, after the Super Micro postponed your annual report, this lost its auditorErnst and Young, referring to management questions. In November, the company called BDO its new auditor.
After more than three in 2023, thanks to the position of the company in AI BOOM and its selling servers filled with NVIDIA processors, Super Micro shares fell in the second third and fourth quarters last year, destroying more than 80% of their market capitalization.
“We have the confidence that our calendar year of 2025 can be a repeat of the calendar year 2023, if not better, assuming that the supply network can keep up with demand,” said Charles Lang analysts, CEO of Super Micro.
Prior to Tuesday announcement, the shares increased by 18% in 2025, united because the wide market of technology was in decline.
The Super Micro will overcome the results with analysts at the call at 5pm on Tuesday, May 6.
– Ari Levy CNBC contributed to this report.
