Super Micro Cuts Q1 Outlook Amid $12B AI Wins

Super Micro Computer cut its fiscal Q1 revenue outlook to about $5 billion, down from prior guidance of $6–7 billion, after customers postponed deliveries or upgraded project designs, shifting some sales into the next quarter. Management characterized the shortfall as a timing issue, reiterated a FY2026 revenue target of at least $33 billion, and said it has more than $12 billion in recent design wins with many deliveries requested in the company’s fiscal second quarter. CEO Charles Liang said demand is accelerating for Supermicro’s AI and liquid-cooled systems and the firm expects to make up the delayed revenue later in the year. The preannouncement sent the stock into volatile trading, with intraday drops reported roughly between 2% and 8.5%, though shares remain sharply higher year-to-date. Analysts have trimmed near-term estimates and some adjusted ratings, and investor confidence remains tempered by earlier accounting and auditor-related issues. The company will provide full Q1 results and updates on Nov. 4.