New York, Jan 23, 2026, 14:57 EST — Regular session
- SMCI dropped roughly 2.5% in afternoon trading following a morning gain
- Super Micro scheduled its fiscal second-quarter results and conference call for Feb. 3
- Traders are gearing up for fresh details on delivery schedules, margins, and component expenses
Super Micro Computer shares dropped 2.5% to $31.64 on Friday, erasing gains from an early rally as investors braced for the upcoming earnings report. The stock started the day stronger, hitting $33.71 before sliding down to $31.33.
The date is crucial since Super Micro’s results have turned into a key indicator for the AI server market. A solid quarter could calm nerves; another misstep might reignite doubts over how much revenue is genuinely current versus being delayed by last-minute adjustments.
This is a test of profit, not only sales. Investors have seen AI hardware deals balloon and get more complex, featuring custom racks and tight delivery schedules that can push revenue from one quarter to the next.
Super Micro announced it will hold its fiscal second-quarter earnings call on Feb. 3 at 5:00 p.m. ET. Investors can listen live or catch a replay on the company’s website. (Supermicro)
The company’s stock has behaved like a referendum on execution. It secures deals connected to high-end AI projects, but progress often depends on component supply and integration. Even a single change order can disrupt timelines significantly.
In November, CEO Charles Liang revealed that about $1.5 billion in revenue was pushed into the December quarter after a major customer asked for last-minute configuration changes to GPU racks — the chips powering AI model training and operation. He pointed to the “complexity” of integrating and validating those systems as the cause. Super Micro also projected second-quarter revenue between $10 billion and $11 billion, well above analysts’ $7.83 billion average estimate. The company said it has over $13 billion in orders linked to Nvidia’s Blackwell Ultra-based GB300 product line. (Reuters)
Super Micro operates in a packed field. Dell and Hewlett Packard Enterprise are also in the AI server and rack game, while data center clients have been pressing vendors for quicker rollouts of next-gen designs.
Margins remain a persistent risk. Back in November, J.P. Morgan analysts pointed out that “profit opportunities” in AI compute have trailed behind revenue growth. Susquehanna also highlighted steep discounts and thinner margins as Super Micro pursued big AI contracts — with gross margin representing the portion of revenue left after direct costs. (Reuters)
Rising component costs are complicating things further. Compal CEO Anthony Peter Bonadero said this week that memory pricing is caught in a “true super cycle” marked by “pricing volatility.” Suppliers are focusing on high-bandwidth memory for AI servers, a trend that risks squeezing hardware makers if costs rise faster than selling prices. (Reuters)
The AI expansion continues to drive the scene. Morgan Stanley projected in October that leading tech companies will pour roughly $400 billion into AI infrastructure by 2025. This surge has pushed server manufacturers into larger, more rapidly evolving initiatives. (Reuters)
Despite some volatility earlier this year, Super Micro is still trading over 50% beneath its 52-week high of $66.44, MarketWatch data shows. (MarketWatch)
The next key event is Feb. 3, when Super Micro releases its report and hosts a Q&A session. Traders will be focused on shipment schedules, any revisions to revenue forecasts, and signs of margin stability as the company scales up its AI platform production. (Supermicro)
