Overview

* Super Micro fiscal Q1 2026 revenue misses analyst expectations due to shifted design wins

* Company sees robust demand for AI solutions, reiterates FY 2026 revenue of at least $33B

* Super Micro received over $12B in new design wins for delivery in fiscal Q2 2026

Outlook

* Super Micro expects FY 2026 revenue of at least $33 bln

* Company sees Q1'26 revenue at $5 bln, below prior $6 bln-$7 bln guidance

* Recent design wins exceed $12 bln, deliveries expected in Q2'26

Result Drivers

* DESIGN WIN SHIFT - Revenue impacted as design win upgrades pushed expected Q1 revenue to Q2

* STRONG AI DEMAND - Robust demand for AI liquid-cooled solutions and multi-quarter volume deployments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Miss $5 bln $6.51

bln (16

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the computer hardware peer group is "buy."

* Wall Street's median 12-month price target for Super Micro Computer Inc ( SMCI ) is $48.00, about 14.2% below its October 21 closing price of $54.82

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)