Super Micro Computer, a leading AI server manufacturer, has cut its third-quarter revenue and profit expectations due to delays in customer spending, causing its shares to drop 16%. The company now expects revenue between $4.5 billion and $4.6 billion, down from its previous forecast of $5 billion to $6 billion. This move has raised concerns about a potential slowdown in AI-linked investments.
The decision comes after months of accounting issues that had threatened to delist the company, damaging customer and investor confidence. Nvidia’s shares fell nearly 2% in after-hours trading, while AMD’s stock slipped about 1% following Super Micro’s announcement.
Super Micro attributed the delayed sales to “customer platform decisions” that have pushed transactions into the fourth quarter. The company had previously stated that its products featuring Nvidia’s latest Blackwell chips were in full production as of February.
Analysts have mixed views on the implications of Super Micro’s downgrade. Some see it as a sign of broader trouble in AI infrastructure investments, while others believe it’s more related to the company’s internal issues. “Super Micro’s stumble looks more like self-inflicted wounds than a signal of broader trouble,” said Michael Ashley Schulman, chief investment officer of Running Point Capital.
The news has also affected rival server makers. Dell Technologies’ shares were down 4.6%, and Hewlett Packard Enterprise fell more than 1.5%. Some analysts suggest that customers may have chosen to move their business away from Super Micro due to its internal problems, potentially benefiting Dell and HPE.
