Super Micro Computer Inc. reported fiscal fourth-quarter revenue of $5.76 billion, missing the $6.01 billion average analyst estimate, while adjusted earnings per share slipped to $0.41, below the projected $0.44. Gross margin narrowed to 9.5%, and net income fell to $195 million from $297 million a year earlier. For the full fiscal year, sales climbed 47% to $22 billion, underscoring strong demand for the company’s AI-focused server systems. Looking ahead, the San Jose-based hardware maker forecast net sales of at least $33 billion for fiscal 2026, topping the $30.03 billion Wall Street consensus but below informal targets of about $40 billion cited earlier this year. Management projected first-quarter revenue between $6.0 billion and $7.0 billion and adjusted EPS of $0.40 to $0.52, both trailing current analyst expectations. The twin revenue and profit shortfalls, coupled with a more tempered near-term earnings outlook, sent Super Micro shares down roughly 11%–15% in after-hours trading.