<p><strong>超微电脑</strong>(SMCI -4.34%) 的股票在上周遭遇了一波抛售，原因是该公司最新的季度报告。作为服务器专业公司的股价在此期间下跌了 21.3%，而 <strong>标准普尔 500 指数</strong> 上涨了 2.4%，<strong>纳斯达克综合指数</strong> 上涨了 3.9%。</p>
<p>人工智能（AI）股票在过去一周普遍表现强劲，但在超微发布其上一财年第四季度（截至 6 月 30 日）的业绩后，其估值遭受了重大打击。尽管公司发布了令人鼓舞的前瞻性指引，但财年第四季度的销售和盈利未能达到市场预期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3MzcvZ2V0dHlpbWFnZXMtMTE2Nzc5NzAyNC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3MzcvZ2V0dHlpbWFnZXMtMTE2Nzc5NzAyNC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>超微股票因第二季度销售、盈利和毛利表现下滑</h2>
<p>超微在 8 月 5 日市场收盘后发布了其财年第四季度的业绩，这一结果引发了该股的大规模抛售。这家科技公司报告财年第四季度的非公认会计原则（调整后）每股收益为 0.41 美元，销售额为 58 亿美元。作为参考，平均分析师预计该公司调整后的每股收益为 0.44 美元，销售额约为 59 亿美元。尽管收入同比增长约 9%，但公司的毛利率下降至 9.5%，低于上一季度的 9.6% 和上一财年第四季度的 10.2%。</p>
<h2>超微的下一步是什么？</h2>
<p>在公司当前财年的第一季度，管理层预计销售额将在 60 亿至 70 亿美元之间。同时，全年销售额预计至少为 330 亿美元。</p>
<p>超微在本财年有望看到强劲的销售势头，伴随着人工智能基础设施支出的持续增长，但仍然存在一些重大问题，即公司是否能够稳定并改善其毛利率。尽管公司的液冷技术可能有助于支持毛利，但目前技术的影响相对较小。</p>

超微电脑

<p>超微电脑的股票在上周暴跌 21.3%，原因是其财年第四季度报告显示盈利和销售额低于市场预期。尽管同比收入增长了 9%，但公司的毛利率降至 9.5%。尽管管理层预计第一季度销售额在 60 亿到 70 亿美元之间，全年销售额至少为 330 亿美元，但在人工智能基础设施支出上升的背景下，关于稳定和改善毛利率的担忧依然存在</p>

<p><strong>Super Micro Computer</strong>(SMCI -4.34%) stock got hit with a wave of selloffs last week in response to the company's latest quarterly report. The server specialist's share price fell 21.3% over the stretch, which saw the <strong>S&amp;P 500</strong> climb 2.4% and the <strong>Nasdaq Composite</strong> rise 3.9%.</p>
<div class="lb-trans"><p><strong>超微电脑</strong>(SMCI -4.34%) 的股票在上周遭遇了一波抛售，原因是该公司最新的季度报告。作为服务器专业公司的股价在此期间下跌了 21.3%，而 <strong>标准普尔 500 指数</strong> 上涨了 2.4%，<strong>纳斯达克综合指数</strong> 上涨了 3.9%。</p>
</div><p>Artificial intelligence (AI) stocks generally saw very strong performance over the past week, but Supermicro's valuation took a big hit after the server provider published results for the fourth quarter of its last fiscal year, which ended June 30. While the company issued encouraging forward guidance, sales and earnings in fiscal Q4 fell short of the market's targets.</p>
<div class="lb-trans"><p>人工智能（AI）股票在过去一周普遍表现强劲，但在超微发布其上一财年第四季度（截至 6 月 30 日）的业绩后，其估值遭受了重大打击。尽管公司发布了令人鼓舞的前瞻性指引，但财年第四季度的销售和盈利未能达到市场预期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3MzcvZ2V0dHlpbWFnZXMtMTE2Nzc5NzAyNC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F828737%2Fgettyimages-1167797024.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Supermicro stock sank on Q2 sales, earnings, and gross margin performance</h2>
<div class="lb-trans"><h2>超微股票因第二季度销售、盈利和毛利表现下滑</h2>
</div><p>Supermicro reported its fiscal Q4 results after the market closed on Aug. 5, and the print spurred big selloffs for the stock. The tech specialist reported non-GAAP (adjusted) earnings per share of $0.41 on sales of $5.8 billion in fiscal Q4. For reference, the average analyst estimate had called for the company to post an adjusted profit of $0.44 per share on sales of roughly $5.9 billion. Revenue was still up roughly 9% year over year, but the company's gross margin dipped to 9.5%, down from 9.6% in the previous quarter and 10.2% in the fourth quarter of the previous fiscal year.</p>
<div class="lb-trans"><p>超微在 8 月 5 日市场收盘后发布了其财年第四季度的业绩，这一结果引发了该股的大规模抛售。这家科技公司报告财年第四季度的非公认会计原则（调整后）每股收益为 0.41 美元，销售额为 58 亿美元。作为参考，平均分析师预计该公司调整后的每股收益为 0.44 美元，销售额约为 59 亿美元。尽管收入同比增长约 9%，但公司的毛利率下降至 9.5%，低于上一季度的 9.6% 和上一财年第四季度的 10.2%。</p>
</div><h2>What's next for Supermicro?</h2>
<div class="lb-trans"><h2>超微的下一步是什么？</h2>
</div><p>For the first quarter of the company's current fiscal year, management is guiding for sales to be between $6 billion and $7 billion. Meanwhile, sales for the full-year period are projected to come in at least at $33 billion.</p>
<div class="lb-trans"><p>在公司当前财年的第一季度，管理层预计销售额将在 60 亿至 70 亿美元之间。同时，全年销售额预计至少为 330 亿美元。</p>
</div><p>Supermicro looks poised to see some strong sales momentum this fiscal year in conjunction with continued ramp-ups for AI infrastructure spending, but there are still some big questions about whether the company can stabilize and improve its gross margins. While the company's liquid-cooling technologies for servers could help support margins, the impact of current iterations of the tech has been relatively minimal so far.</p>
<div class="lb-trans"><p>超微在本财年有望看到强劲的销售势头，伴随着人工智能基础设施支出的持续增长，但仍然存在一些重大问题，即公司是否能够稳定并改善其毛利率。尽管公司的液冷技术可能有助于支持毛利，但目前技术的影响相对较小。</p>
</div>

Why Super Micro Computer Stock Plummeted Last Week

- Super Micro Computer 股价因季度报告下跌 21.3%。  
- 财报显示 Q4 销售和盈利未达市场预期。  
- 管理层预计未来销售将达到 60 亿至 70 亿美元。  

为什么超微电脑的股票在上周出现了大幅下跌