• Super Micro issued preliminary results on Tuesday that were well below analysts' estimates.
• It's another blow for the server maker, which last year had to contend with delayed financial filings and short-seller reports.
• The company said on Tuesday that in the latest quarter, "some delayed customer platform decisions moved sales" into the following period.

shares plunged as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third quarter that were lower than analysts had projected.

Here's how the company's preliminary numbers compare with the LSEG consensus:

• Earnings per share: 29 to 31 cents, adjusted vs. 54 cents expected
• Revenue: $4.5 billion to $4.6 billion vs. $5.5 billion expected

Super Micro lowered the ranges from earlier guidance for the quarter, which ended on March 31, according to a . The new revenue range implies expansion of 18% growth, down from the 200% growth Super Micro delivered a year ago.

"During Q3 some delayed customer platform decisions moved sales into Q4," the company said in the statement. Super Micro said it also saw "higher inventory reserves resulting from older generation products."

The company had previously called for revenue of $5 billion to $6 billion and earnings per share of 46 cents to 62 cents. Super Micro said its gross margin for the quarter was 220 basis points lower than the prior period.

Shares of server competitor were down almost 5% in after-hours trading, while fell about 2%. shares dropped roughly 2%.

The pre-announcement is the latest blow for Super Micro, which has been mired in controversy for the past year due to delayed financial filings and troubling reports from short sellers. In February, the company for its fiscal 2024 year and the first two quarters of fiscal 2025, just in time to meet Nasdaq's deadline to stay listed.

Last year, after Super Micro delayed its annual report, it , Ernst & Young, citing governance issues. In November, the company named BDO as its new auditor.

After more than tripling in 2023, thanks to the company's position in the AI boom and its sales of servers packed with Nvidia's processors, Super Micro shares plummeted in the second third and fourth quarters last year, wiping out more than 80% of its market cap.

"We have confidence that our calendar year 2025 growth could be a repeat of calendar year 2023, if not better, assuming the supply chain can keep pace with demand," Charles Liang, Super Micro's CEO, told analysts on a conference call in February.

Prior to Tuesday's announcement, the stock was up 18% in 2025, rallying as the broader tech market was in decline.

Super Micro will go over the results with analysts on a conference call at 5 p.m. ET on Tuesday, May 6.

— C온라인카지노사이트's Ari Levy contributed to this report.