Super Micro Misses Q3 Guidance, Impact Hits Crypto

Super Micro Computer Inc. shares dropped by as much as 20% after the company reported preliminary third quarter results that missed both its own guidance and analyst expectations. The company now expects net sales of $4.5–$4.6 billion and adjusted earnings per share of $0.29–$0.31, far below consensus estimates, citing delays in customer platform decisions and increased costs as contributing factors. Gross margins also declined due to higher inventory reserves and expedited product launches. The disappointing results, from a key supplier for AI and high-performance computing, triggered notable declines in AI-related cryptocurrencies and tokens. Bitcoin and Ethereum saw modest drops, while AI tokens such as Render and Fetch.ai experienced steeper declines. The market reaction highlights heightened sensitivity to tech sector earnings within both equity and digital asset markets.