Super Micro stock sinks 20% after earnings, outlook disappoint

How will the reduced impact of Trump tariffs affect SMCI's cost structure and profit margins? Does the company's updated earnings outlook indicate lower revenue growth for upcoming quarters? How does SMCI's current performance and outlook compare with its main competitors in the server and storage market? How might the earnings miss and weak outlook alter the market's perception of SMCI's long‑term growth prospects? What is the expected effect of tariff‑mitigation steps on SMCI's cash flow and liquidity? Are there any changes to SMCI's capital expenditure or investment plans that could influence short‑term profitability? What were the primary reasons behind the 20% drop in SMCI stock beyond the earnings miss? What is the probability of further price depreciation if the outlook remains weak or no upside catalyst emerges? How does SMCI's latest earnings guidance compare to the consensus analyst estimates? What upside scenarios exist if the company successfully reduces tariff impact on its operations?