Super Micro Computer Inc (NASDAQ:SMCI) shares fell more than 7% in early Thursday trading as the AI server maker reported preliminary first quarter revenue that fell short of its previous guidance.
The company said the shortfall was due to design win upgrades that shifted some expected revenue from the first quarter to the second quarter of fiscal year 2026.
Super Micro now expects preliminary first quarter net sales of $5 billion, below the analyst consensus forecast of $6.49 billion as well as the company’s previous guidance range of $6 billion to $7 billion.
The company noted it has received recent design wins exceeding $12 billion, with customers requesting delivery in the second quarter.
Super Micro also said it is seeing "robust demand" for its Nvidia GB300, B300, RTX Pro, and AMD 355X LC products, which have begun shipping.
“We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33 billion for fiscal year 2026 with the expectation of delivering more,” Super Micro Computer CEO Charles Liang said in a statement.