Super Micro shares tumble on lower Q2 guidance and below-estimate Q1 revenue
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Super Micro Computer Inc (NASDAQ:SMCI) shares fell afterhours due to lower Q2 guidance and below-estimate Q1 revenue. The company expects Q2 revenue between $5.5 billion and $6.1 billion, which is below analyst estimates of $6.79 billion.
November 05, 2024 | 10:00 pm
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Super Micro's shares fell afterhours due to disappointing Q2 guidance and Q1 revenue. The company expects Q2 revenue between $5.5 billion and $6.1 billion, below the $6.79 billion analyst estimate.
The company's guidance for Q2 revenue is significantly below analyst expectations, which is a negative indicator for future performance. This has led to a drop in share price as investors react to the lower-than-expected financial outlook.
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