What Happened With SMCI: Super Micro’s fourth-quarter revenue of $5.31 billion was in line with analyst estimates, but earnings of $6.25 per share fell short of estimates of $8.10 per share.

Super Micro expects first-quarter revenue to be in the range of $6 billion to $7 billion versus estimates of $5.3 billion. The company expects fiscal year 2025 revenue to be in the range of $26 billion to $30 billion.

Super Micro's board also authorized a 10-for-1 forward split of its common stock. The company expects shares to begin trading on a split-adjusted basis on Oct. 1.

Following the print, Wells Fargo analyst Aaron Rakers maintained Super Micro with an Equal-Weight and lowered the price target from $890 to $650. On the other hand, Rosenblatt analyst Hans Mosesmann maintained Super Micro with a Buy and price target of $1,300.

Super Micro shares were down nearly 17% at the time of writing.

See Also: Apple Retains $3T Status, Nvidia Does Not As Market Overcomes Volatility

Why It Matters For DELL: Dell is Super Micro’s main competitor. Both companies are suppliers for AI chip leader Nvidia Corp (NASDAQ:NVDA). Both Dell and Super Micro take Nvidia’s chips, package them into servers and then sell them to AI hyperscalers.

Dell is due to report its financial results for the second quarter after the market close on Aug. 29. The company is expected to report earnings of $1.68 per share and revenue of $24.139 billion, according to estimates from Benzinga Pro.

DELL Price Action: Dell shares were down 4.75% at $90.17 at the time of publication, according to Benzinga Pro.

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