Super Micro Slides on Weak Outlook as Delisting Risk Looms (1)

Shares of Super Micro Computer Inc. plunged on Wednesday after the server maker issued a disappointing sales forecast and failed to give a timeline for filing its previous fiscal year’s official financial statements.

Revenue will be $5.5 billion to $6.1 billion in the quarter ending in December, the company said in a statement on Tuesday, well below analysts’ projections of $6.79 billion. Its profit outlook, excluding some items, also fell far below estimates.

Super Micro has had a tumultuous year. Shares rose at the start of 2024 as investors bet the AI boom would fuel demand for the company’s high-powered ...