AI server maker Super Micro Computer said on Tuesday it cut expectations for third-quarter revenue and profit, blaming a delay in customer spending, sending shares down more than 16 per cent in extended trading.
It now expects revenue in a range of $4.5 billion to $4.6 billion, down from its earlier expectations of $5 billion to $6 billion.
The company cut its expectations for adjusted quarterly profit to a range of 29 cents to 31 cents per share, a massive step down from its earlier expectations for profit between 46 cents and 62 cents per share.
