Super Micro Computer shares dropped 6% on Thursday after the company issued weak preliminary results for its fiscal first quarter of 2026. The server manufacturer now expects to report $5 billion in revenue for the quarter, significantly below its earlier guidance of $6 billion to $7 billion. Super Micro attributed the shortfall to "design win upgrades," which shifted some anticipated first-quarter revenue into the second quarter. Despite the downward revision, the company reaffirmed its full-year outlook, projecting at least $33 billion in revenue for fiscal year 2026. CEO Charles Liang emphasized growing momentum, stating, “We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more.” The company also highlighted recent successes, noting it has secured over $12 billion in new design wins. These wins have already triggered delivery requests for the fiscal second quarter. Super Micro will provide more detailed updates on second-quarter deliveries and revenue expectations during its official earnings call on November 4, when it will report its first-quarter financial results in full.