Supermicro stock falls ahead of critical financial update

February 25, 2025 07:35 AM AEDT | By Investing

Google News:

Supermicro stock falls ahead of critical financial update

Recent News

Veolia and City of Sapulpa Partner for World-Class Wastewater Treatmen...

Boehringer Ingelheim Argentina Collaborates To Bring Digital Healthcar...

Roku stock surges on Amazon Ads partnership

Striving for Sustainability at Cisco: Meet Christopher

Investing.com -- Supermicro's (NASDAQ:SMCI) fell sharply Monday ahead of its all-important financial update on Tuesday, February 25^th. The AI server maker is expected to file its delayed fiscal year and quarterly filings by this date.

Supermicro’s stock closed down nearly 8% on Monday.

In a recent update, Supermicro said it “continues to work diligently toward the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and its Quarterly Report on Form 10-Q for the period ended September 30, 2024. Based on information currently available, the Company believes it will make such filings by February 25, 2025.” The company also expects to file its 10-Q for the period ended December 31, 2024, by February 25, 2025.

Supermicro's shares have been on fire since it reported its preliminary second-quarter results (the period ended December 31, 2024) on February 11th. It wasn't the quarterly results that impressed investors, but it was the guidance that it now sees fiscal year 2026 revenue of $40 billion that is driving the stock.

The $40 billion 2026 revenue figure suggests up to 70% growth from the fiscal year 2025, and CEO Charles Liang even said that number could prove "conservative." The strong guidance is being driven by the NVIDIA (NASDAQ:NVDA) Blackwell server ramp.

Since the update, Supermicro has seen its stock climb 34%.

Some of the climb is being attributed to short covering. Short sellers swarmed the stock in 2024 after Hindenburg Research highlighted potential accounting manipulation and corporate malfeasance. Shortly after the short seller report, the company's former auditor resigned due to corporate governance issues.

In addition to its financial report update, Supermicro will be keying off NVIDIA’s highly anticipated earnings report, which is due after the close on Wednesday.

This article first appeared in Investing.com

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.