Super Micro backs away from a lofty goal, and its stock is sinking - MarketWatch
1. Super Micro revised revenue outlook down to at least $33 billion for fiscal 2026. 2. Company's quarterly revenue of $5.76 billion fell short of $5.98 billion expectations. 3. Gross margins declined slightly to 9.5%, raising concerns about profitability. 4. Market competition for AI servers has intensified, affecting demand and pricing. 5. Shares dropped 12% in after-hours trading following disappointing earnings and guidance.