Super Micro earnings: A stock split is on the way, but here's why shares are still falling.

Category: Finance

Super Micro's earnings report revealed a record low gross margin of 11.2% for the fiscal fourth quarter, raising concerns among investors despite positive revenue forecasts and a planned 10-for-1 stock split. The company's stock initially surged but then fell sharply due to a significant profit miss and ongoing margin pressures. Super Micro forecasts fiscal 2025 revenue between $26 billion and $30 billion, indicating strong growth potential, although reliance on a few key customers remains a concern.

Keywords: Super Micro, earnings report, gross margin

Source: MarketWatch

Update At: 8/7/2024

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