Super Micro gives margin, profit forecast below estimates; volatile shares down 14%

Category: Business

Super Micro Computer reported a fourth-quarter adjusted gross margin of 11.3%, below the expected 14.1%, due to high costs from transitioning to AI chips. Despite a volatile stock reaction, the company forecasts first-quarter and annual sales above estimates, with net sales expected between $6 billion to $7 billion. Analysts remain concerned about the impact of spending on new AI chips on profit margins.

Keywords: Super Micro Computer, AI chips, gross margin

Source: Yahoo Finance

Update At: 8/7/2024

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