Supermicro (NASDAQ
MCI) saw a sharp rebound in after-hours trading on Tuesday, jumping 17%, after filing its delayed financial reports. The surge follows a steep 11.8% decline during the regular session.
Supermicro’s Financial Filings Restore Nasdaq Compliance
The company officially submitted its:
\u2705 10-K for fiscal year ending June 30, 2024
\u2705 10-Q for Q1 FY 2025 (ended September 30, 2024)
\u2705 10-Q for Q2 FY 2025 (ended December 31, 2024)
These filings resolve Supermicro’s compliance issues with Nasdaq listing requirements.
Audit & Governance Challenges Addressed
- Ernst & Young (EY) resigned as Supermicro’s auditor, citing governance and transparency concerns.
- In November 2024, the company hired BDO USA, P.C. as its new auditor.
- A Special Committee investigation found no significant concerns regarding senior management’s integrity or financial accuracy.
Bullish Growth Outlook: $40B Revenue by 2026?
\ud83d\udcc8 Strong Guidance:
- Supermicro’s stock gained momentum after its February 11th update, projecting $40 billion in revenue for FY 2026—a potential 70% YoY growth.
- CEO Charles Liang even suggested this could be a conservative estimate.
- Growth is driven by the NVIDIA (NASDAQ:NVDA) Blackwell server ramp, fueling optimism among investors.
\ud83d\udcca Financial Data & Growth Tracking:
For a deep dive into Supermicro’s financials, visit the Full Financials API.
