The warning message is seen when the License is selected for the New ESXi Host being added to the Datacenter in vSphere Client
Warning Message: "The license capacity might be insufficient"
vSphere Client 8.x
The warning is displayed because vCenter only has preliminary host data and cannot fully confirm license sufficiency until the host is fully added to the inventory.
This warning message is a result of an inconclusive pre-check and can be safely ignored.