SMCI Stock: Super Micro Computer Inc (SMCI) is facing mounting pressure on Wall Street, even as tech giants like Amazon, Meta, and Microsoft continue to ramp up spending on artificial intelligence infrastructure. The stock closed at $43.55 today, up 0.79%, but recent financial results and forward guidance are raising red flags for investors.
In its fiscal third-quarter report, Super Micro posted revenue of $4.55 billion — significantly below its prior forecast of $5–6 billion and well under analysts’ consensus of $5.25 billion. Earnings also missed the mark, coming in at $0.31 per share versus expectations closer to $0.55. Management cited delays in AI server orders and ongoing supply chain disruptions, warning that the combined impact could cost the company up to $1.4 billion in revenue.
Looking ahead, the company expects fourth-quarter revenue between $5.6 billion and $6.4 billion, once again falling short of Wall Street’s $6.9 billion target. Executives noted that deployment delays are spreading across key enterprise clients, with some orders likely slipping into future quarters.
Profitability is also under strain. Super Micro warned that inventory-related issues could reduce its gross margin by up to 100 basis points, bringing expected margins near 10% for Q4.
This comes at a time when hyperscale customers — including Alphabet, Microsoft, and Meta — are aggressively increasing their AI capital expenditures for 2025. Industry-wide demand for high-performance computing remains strong, but Super Micro’s operational hiccups may prevent it from fully capitalizing on the AI boom.
Despite a nearly 30% rise in stock value since the start of the year, the recent earnings miss and cautious outlook have prompted analysts to reassess the company’s near-term growth prospects. Questions now loom over whether Super Micro can stabilize its operations and meet the rising expectations tied to the next wave of AI investment.