Super Micro Computer Inc. (SMCI) shares fell sharply in premarket trading, dropping as much as 20% following the release of preliminary third-quarter results that missed analyst estimates. The stock recorded its worst day since February, declining around 18.7% and becoming the most actively discussed ticker on Stocktwits. The profit warning from Super Micro also contributed to early downside pressure on technology stocks, with the Nasdaq 100 showing technical signs of volatility. In contrast, Seagate Technology Holdings plc (STX) reported strong fiscal third-quarter earnings and revenue that surpassed expectations, leading to a premarket gain of approximately 7.5% initially and a subsequent rise of over 12%. Seagate provided an upbeat outlook for the fourth quarter, forecasting adjusted earnings per share between $2.20 and $2.60, above the consensus estimate of $2.10, and revenue guidance of $2.25 billion to $2.55 billion, exceeding the $2.29 billion estimate. The company also noted minimal tariff impacts, which helped bolster investor confidence amid mixed market conditions in the technology sector.
A mixed bag in the market today! 🌟 Seagate (STX) shines with a 12.29% jump on strong forecasts, while Supermicro (SMCI) plummets 11.33% due to profit warnings. Overall, tech stocks are volatile! 💻 #Investing #StockMarket #Tech #Earnings #STX $MSFT $WDC https://t.co/7WnAAL5cTF
STX surges on strong FQ3 results & upbeat Q4 outlook. Seagate forecasts adj EPS $2.20-$2.60 vs $2.10 consensus, rev $2.25B-$2.55B topping $2.29B estimate. Minimal tariff impact expected, boosting investor confidence. #Tech #Earnings @jonnajarian @petenajarian #ITSNOTANOPTION https://t.co/AfRUW7e3Uz
BREAKING: Super Micro… $SMCI is down 18.7% this morning and is the #1 trending ticker on Stocktwits https://t.co/zoVFtSGMUw