Super Micro Computer Inc. ( SMCI ) reported fourth-quarter financial results after market close on Tuesday.

Here are the highlights.

What Happened: Super Micro reported fourth-quarter net sales of $5.76 billion, up from $4.6 billion in the third quarter and $5.4 billion in last year's fourth quarter. Net sales missed a Street consensus estimate of $5.88 billion, according to data from Benzinga Pro.

The company reported earnings per share of $0.41, missing the Street consensus estimate of $0.44.

Super Micro saw its gross margin fall to 9.5% from 9.6% in the third quarter and from 10.2% in the prior year's fourth quarter.

The company recorded net sales of $22.0 billion for the full fiscal year, up from $15.0 billion in the previous full fiscal year. Full-year earnings per share were $1.68, down from $1.92 in the last year.

"We made solid progress in FY25 by growing our AI solution leadership in Neoclouds, CSPs, Enterprises, and Sovereign entities, which fueled our 47% annual growth," Super Micro CEO Charles Liang said.

The company ended the quarter with cash and cash equivalents of $5.2 billion and bank debt and convertible notes of $4.8 billion.

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What's Next: Super Micro is guiding for first-quarter net sales in a range of $6.00 billion to $7.00 billion, versus a Street consensus estimate of $6.60 billion.

First-quarter earnings per share are expected to be in the range of 40 cents to 52 cents.

For fiscal 2026, Super Micro Computer ( SMCI ) stated that it expects net sales to be at least $33.0 billion, down from its previous guidance of $ 40.0 billion. The Street consensus estimate is currently $29.80 billion according to data from Benzinga Pro.

"With support from our expanding global operations that help mitigate tariffs and regional costs, combined with a growing enterprise customer base, AI product innovations, and robust DCBBS-powered total solutions, we're on track to grow more large-scale datacenter customers from four in FY25 to six to eight in FY26," Liang said.

SMCI Price Action: Super Micro Computer ( SMCI ) stock is down 11% to $50.99 in after-hours trading Tuesday, versus a 52-week trading range of $17.25 to $66.44.

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