These 10 Firms Were Battered by Dismal Earnings, Outlook Guidance

2. Super Micro Computer Inc. (NASDAQ:SMCI)

Super Micro dropped its share prices by 11.5 percent on Wednesday to finish at $31.86 apiece as investor sentiment was dragged down by its dismal preliminary earnings results in the third quarter of fiscal year 2025.

In a statement, Super Micro Computer Inc. (NASDAQ:SMCI) said that it expects net sales to settle between $4.5 billion and $4.6 billion in the said period, markedly lower than the $5 to $6 billion targeted previously.

Diluted net income per share was pegged at between $0.16 and $0.17 versus the $0.36 to $0.53 prior guidance.

The company said official figures will be announced after market close on Tuesday, May 6, 2025.

Following the announcement, investment firm Mizuho Securities cut its price target for Super Micro Computer Inc. (NASDAQ:SMCI) to $34 from $50 previously.

However, Mizuho acknowledged the company’s continued role as a key player in the artificial intelligence server space.