Super Micro posts mixed Q3 results with revenue miss and cautious full-year outlook amid AI demand and reputational issues

Super Micro Computer, Inc. reported fiscal Q3 revenue of $10.2 billion and non-GAAP EPS of $0.84, missing revenue expectations by $2.25 billion. The company also issued a full-year revenue guidance of $38.9-40.4 billion, below the previous forecast of at least $40 billion. Despite strong AI demand, Super Micro faces challenges including unresolved control and trade-compliance issues, and reputational damage from a lost Oracle contract. These factors raise concerns about customer retention and backlog conversion, leading to uncertainty around execution and potential stock volatility moving forward.