30/4/2025, 11:33:03 am

SMC stock plunges after surprise customer delays cost up to $1.4 bn in sale

Super Micro Computer reported a disappointing Q3 update, expecting a revenue shortfall of $400 million to $1.4 billion and a 220 basis points decline in gross profit margins. Customer delays in purchasing decisions pushed sales to Q4, causing the stock to drop 3% during trading and over 15% after-hours. The company reduced its sales guidance and earnings per share below prior estimates.