Super Micro stock sinks 18% after earnings, outlook disappoint

In this MCI your favorite stocksCREATE FREE ACCOUNTwatch now2:5802:58Super Micro missed Q4 estimatesSquawk on the StreetSuper Micro Computer s plunged 18% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump's tariffs.CEO Charles Liang told investors on a conference call that the company has "taken measures to reduce the impact" of the tariffs."With respect to the tariffs, the situation is dynamic," CFO David Weigand said on the investor call. "We're actively monitoring the tariff environment

We know there's news coming out next week

If we have any , we'll it with you, but we can only watch and react as every other is."Super Micro reported fourth-quarter adjusted earnings per of 41 cents, compared with expectations for 44 cents

Revenue came in at $5.76 billion, which was below analysts' forecasts of $5.89 billion.Liang told investors the company was hindered by a June revenue shortfall due to a lack of working capital and "specification changes from a major new customer."Read more CNBC newsMusk says Tesla is training an upgraded Full Self-Driving model which could be released next monthU.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to ChinaPalo Alto CEO Nikesh Arora confronts Wall Street skeptics after company's biggest bet yetOpendoor tanks after earnings as CEO thanks new investors for 'increased visibility'The company has in recent years benefited from surging demand for AI servers packed with Nvidia chips, but has growth has since slowed.The server maker also offered guidance late Tuesday that fell short of consensus estimates

Super Micro said it expects 40 cents to 52 cents in adjusted earnings per on $6 billion to $7 billion in revenue for the fiscal first quarter.Wall Street had jected 59 cents per and $6.6 billion in revenue for the first quarter.For the full year, Super Micro said it expects revenue to be at least $33 billion