On Tuesday, December 3, 2024, Super Microcomputer Company in San Jose, California, USA is headquartered in California, USA, California.
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Super microcomputer Stocks fell 10% during trading Tuesday as the company will file audited financial reports or withdraw from the Nasdaq Exchange by the deadline.
Earlier this month, Super Micro CEO Charles Liang Tell investors He is “confident” that the company can file the reports with the Securities and Exchange Commission by February 25, a deadline set by Nasdaq. The company must submit its audit annual report for fiscal year 2024 and the first two quarters of fiscal year 2025.
If Super Micro fails to file a report, it can cross out its shares from Nasdaq. It may also require another extension of up to 180 days.
Super Micro Representative did not respond to a request for comment.
Last fall, Super Micro Stocks Fall in August The company delayed its annual report to June. Ernst and Young, the company’s auditors, resigned from their governance issues October. Super Micro named BDO as the new auditor for November. The company is also targeted by radical seller Hindenburg Research So-called accounting fraud.
Uncertainty leads to a stock roller coaster. From its peak in late 2022 to last March, it fell to a low of $18 per share in November last year. So far, Super Micro shares have risen by more than 55% in 2025.
Throughout this legend, the super micro rises to a higher prominence as revenues soar during the boom of AI. The biggest driver of Super Micro’s growth is that it sells systems around NVIDIA graphics processor units (or GPUs) to build server clusters of AI. For example, Elon Musk’s XAI purchased a super micro system.
Supermicro sales more than doubled in its fiscal 2024 to $14.94 billion, according to its unaudited finances. Analysts expect revenue for the quarter to be approximately $5.37 billion, up nearly 40% year-on-year.
The SEC filing system can receive documents at 10 p.m. east, and depending on the late stage of the time of submission, it may be published the following morning.
-CNBC’s Samantha Subin and Kristina Partinevelos contributed to this report.
