Super Micro cuts first-quarter revenue forecast

Reuters

10/23

Oct 23 (Reuters) - Super Micro Computer SMCI.O trimmed its first-quarter revenue forecast on Thursday, citing a shift in customer delivery schedules for large artificial intelligence deals.

Shares of the company were down nearly 2% in volatile premarket trading.

The AI server maker said it now expects first-quarter revenue to be $5 billion, compared with its earlier forecast of between $6 billion and $7 billion. Analysts were expecting the company to report $6.52 billion revenue in the first quarter, according to data compiled by LSEG.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Vijay Kishore)

((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))

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