Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026.
The server maker said it expects to report $5 billion in revenue for the quarter, down from the $6 billion to $7 billion guidance that the company had previously issued.
Super Micro said "design win upgrades" pushed some expected first-quarter revenue to the second quarter.
"We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more." Super Micro CEO Charles Liang said in a statement.
Super Micro said it has had "recent design wins" of more than $12 billion, and that delivery has been requested during its fiscal second quarter.
The company will provide further updates on its expected second-quarter deliveries and revenues during its earnings call on Nov. 4, when it will officially report its first-quarter results.
