Supermicro Stock Plunges 8% After Revenue Forecast Cut – Is the AI Server Gold Rush Over?
Super Micro Computer shares dropped about 8% on Oct. 23 after the company cut its Q1 FY2026 revenue forecast to $5 billion, down from $6–7 billion. Management cited delayed AI server orders but reaffirmed its full-year revenue target of at least $33 billion. SMCI stock remains up roughly 60–70% in 2025. Analysts remain split on the outlook ahead of Nov. 4 earnings.