About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.Super Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results by the Nasdaq's deadline.The company's auditor BDO wrote in the filing that the the consolidated financial statements for the fiscal year ending June 30, 2024 "present fairly, in all material respects, the financial position of the Company" and are "in conformity with accounting principl ...

Super Micro Computer NASDAQ: SMCI is a prominent player in the high-performance computing solutions sector and the company is experiencing a significant surge in its stock value. On February 25, 2025, Super Micro Computer filed its overdue annual report for the fiscal year 2024 (FY2024) and quarterly reports for the first and second quarters of the fiscal year 2025 (FY2025). This action has triggered a positive reaction in the market, with premarket trading up over 20%, suggesting a strong restoration of in ...

Super Micro Computer was poised to be one of the better-performing semiconductor plays of last year. Then, in August, now-defunct short-selling activist group Hindenburg Research released a scathing report, which alleged widespread accounting malpractice at the company.In the aftermath, the business delayed the filing of crucial reports, and its auditor, Ernst & Young (EY) resigned. Unsurprisingly, Super Micro Computer stock (NASDAQ: SMCI) plummeted to a low of just $18.The road to recovery has been quite l ...

With a decade at a Big 4 audit firm specializing in the banking, mining, and energy sectors, I bring a strong foundation in finance and strategy. Currently, I serve as the Head of Finance for a leading owner and operator of retail real estate, where I oversee complex financial operations and strategy. I’ve been an active investor in the U.S. stock market for 13 years, starting with my very first paycheck. Over time, my portfolio has evolved to reflect a balanced approach, with a growing focus on value stock ...

Key TakeawaysSuper Micro Computer shares surged after the company submitted its delayed financial reports just ahead of a deadline late Tuesday to avoid being delisted by the Nasdaq. The stock had tumbled during Tuesday's regular session amid concerns about whether the deadline would be met.The stock lost about half its value over the past year through Tuesday’s close. Super Micro Computer (SMCI) shares rocketed higher after the company submitted its delayed financial reports late Tuesday, just beating its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ Form 10-Q __________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ Form 10-K ______________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________to___________ Commission F ...

Super Micro Computer shares fell as much as 10% during trading on Tuesday as the company nears a deadline to file audited financial reports or be delisted from the Nasdaq exchange.Earlier this month, Super Micro CEO Charles Liang told investors that he was "confident" that the company could file those reports to the Securities and Exchange Commission by Feb. 25, a deadline set by Nasdaq. The company must file its audited annual report for fiscal 2024 and the first two quarters of fiscal 2025.If Super Micro ...

Core Viewpoint - Philippe Laffont, a notable investor and founder of Coatue Management, has made significant investments in Super Micro Computer, a company facing scrutiny and potential delisting from Nasdaq due to financial reporting issues [1][3][4]. Company Overview - Super Micro Computer manufactures high-end servers for data centers, crucial for supporting generative AI applications [5]. - The company has experienced a tumultuous period, including a nearly 27% decline in market cap during the fourth quarter, despite a 10-for-1 stock split [5]. Recent Developments - Coatue Management's recent 13F filing indicates a substantial increase in its stake in Super Micro Computer, holding over 8.8 million shares, which is nearly 1% of its $27 billion equities portfolio [4]. - Supermicro is under pressure to file its audited annual financial statements by a specific deadline to avoid delisting from Nasdaq [3][9]. Financial Performance - Supermicro's preliminary earnings report for Q2 of fiscal 2025 showed adjusted earnings and revenue below expectations, but management projected $40 billion in revenue for fiscal 2026, significantly above analyst estimates [10]. - The stock has more than doubled year-to-date, benefiting Laffont and Coatue, but recent trading sessions have seen a loss of over 14% in stock value [14][11]. Analyst Sentiment - Analysts are divided on Supermicro, with three firms rating it a buy, two a hold, and two a sell, while the average 12-month price target is over 40% below its trading price as of February 20 [12]. - Some analysts have raised their price targets following positive updates, but others, like JPMorgan Chase, maintain an underweight rating, citing the need for more evidence of the company's ability to meet its fiscal 2026 guidance [13].