Supermicro Cuts Financial Forecast, Stock Plummets 15% Amid Concerns
Supermicro, a key customer of Nvidia, unexpectedly downgraded its Q1 2025 financial forecast on the 29th, slashing revenue estimates from $5 to $6 billion down to $4.5 to $4.6 billion. Earnings per share (EPS) were also revised down from an expected $0.36 to $0.53 to just $0.16 to $0.17, significantly lower than analysts' expectations of $0.48. Following this announcement, Supermicro's stock tumbled 15% in after-hours trading. Noted semiconductor analyst Lu Hangzhi raised concerns on social media about which customers reduced orders and the potential for delays into Q2 2025, stirring market unease about the company's performance.
