Learn more

Super Micro Computer, Inc. ($SMCI) shares plunged in premarket trading on Wednesday even as the stock futures point to a sharply higher open after Republican party nominee Donald Trump is on the cusp of a surprisingly strong victory in the 2024 election. San Jose, California-based Super Micro announced the preliminary fiscal year 2025 first-quarter results, expecting net sales of $5.9 billion to $6 billion compared to the $6 billion to $7 billion guidance range. This was below the consensus estimate of $6.38 billion. Non-GAAP earnings per share (EPS) are expected at $0.75-$0.76, within the gui…