Super Micro (SMCI) stock price slides 11% as earnings bounce fades and margins bite again
New York, Feb 5, 2026, 11:25 EST — Regular session
- SMCI was down about 11% in mid-session trade, after a sharp post-earnings jump a day earlier.
- Supermicro raised its fiscal 2026 revenue floor to $40 billion, but gross margin fell to just over 6% in the December quarter.
- Traders are watching whether margins recover in the March quarter as Wall Street trims targets and stays split on the stock.
Shares of Super Micro Computer fell about 11% on Thursday, reversing a chunk of the AI-server maker’s post-earnings rally a day earlier. The stock was last down $3.79 at $29.97.
Supermicro, based in San Jose, California, has become a read-through on data-center spending because it builds server systems around chips…
