Super Micro reports strong Q4 revenue growth but lowers 2026 forecast, stock drops 16%.

Super Micro Computer, Inc. reported a 47% year-on-year revenue growth to $22 billion in Q4 2025, despite facing financial challenges like delayed revenue recognition and tariff impacts. The company’s non-GAAP earnings per share were $0.41, down from $0.46 the previous year. Super Micro has lowered its fiscal year 2026 revenue target to $33 billion from $40 billion due to lower demand and increased competition. The company's stock fell over 16% in after-hours trading. Despite the challenges, Super Micro still showed strong annualized revenue growth of 75.6% over the last two years.