Super Micro stock drops after company warns March-quarter revenue will miss prior forecast

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Super Micro Computer Inc. expects to report fiscal third-quarter revenue below its prior forecast, the company disclosed Monday. Supermicro now expects to...

Super Micro Computer Inc.

expects to report fiscal third-quarter revenue below its prior forecast, the company disclosed Monday. Supermicro now expects to report $1.28 billion in revenue for the March quarter, whereas the midpoint of its earlier forecast was $1.47 billion. The shortfall largely relates to key new component shortages tied to the hardware company’s transition to new-generation product lines, though it said that these issues have “mostly been resolved.

expects to report fiscal third-quarter revenue below its prior forecast, the company disclosed Monday. Supermicro now expects to report $1.28 billion in revenue for the March quarter, whereas the midpoint of its earlier forecast was $1.47 billion. The shortfall largely relates to key new component shortages tied to the hardware company’s transition to new-generation product lines, though it said that these issues have “mostly been resolved.

 

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