Key Takeaways
- Super Micro Computer reported preliminary second-quarter results below its previous guidance.
- The server maker also said it expects to submit its delayed financial reports from the 2024 fiscal year by the Nasdaq’s Feb. 25 deadline to avoid being delisted.
- Shares of Super Micro Computer surged in extended trading Tuesday following the update.
Super Micro Computer (SMCI) reported preliminary second-quarter results below its previous guidance and said it expects to submit its delayed regulatory filings in time to avoid delisting.
The server maker and Nvidia (NVDA) partner said it expects to report second-quarter revenue of $5.6 billion to $5.7 billion, up 54% year-over-year but below its prior forecast of $5.5 billion to $6.1 billion at the midpoint. The company projected adjusted earnings per share of 58 cents to 60 cents, also short of its previous forecast.
Looking ahead, the company guided for third-quarter revenue of $5 billion to $6 billion and adjusted EPS of 46 cents to 62 cents. For the full year, Supermicro said it now anticipates revenue of $23.5 billion to $25 billion, down from earlier estimates of $26 billion to $30 billion. CEO Charles Liang added he expects this could pave the way for the company to achieve revenue of $40 billion in 2026, driven by demand for its data center infrastructure solutions.
Supermicro also said it expects to submit its delayed financial reports from the 2024 fiscal year by the Nasdaq’s Feb. 25 deadline to avoid being delisted.
The company’s delinquent reports have raised worries it could be delisted, amid concerns about the company’s accounting practices. Supermicro formed an independent special committee, which said in December that its probe of the company, “did not raise any substantial concerns about the integrity of Supermicro’s senior management.”
Shares of Supermicro initially dropped before rebounding to jump over 8% in extended trading Tuesday following the company’s update. The stock had lost more than half of its value over the past year through Tuesday’s close.
UPDATE—Feb. 11, 2025: This article has been updated since it was first published to include additional information and reflect more recent share prices.