Super Micro Computer Stock Falls 6% After Q1 Revenue Miss Amid $12B AI Design Wins

Super Micro Computer reported a significant revenue shortfall for its fiscal first quarter 2026, expecting approximately $5 billion compared to prior guidance of $6 to $7 billion and analyst estimates around $6.5 billion. The company attributed the miss to delays in design win upgrades that shifted sales into the second quarter, but it secured over $12 billion in new business expected to be delivered in Q2. Despite the quarterly disappointment, Super Micro reaffirmed its fiscal year 2026 revenue forecast of at least $33 billion, driven by strong demand for AI hardware, including liquid-cooled solutions. The stock price dropped approximately 6% following the announcement but remains up over 70% year-to-date amid the AI boom. Analysts remain cautious, with mixed ratings and concerns about governance issues following accounting challenges and auditor resignation. Super Micro plans to provide more detailed financial results and updates during its November 4 earnings call.