Supermicro Stock Soars in Extended Trading as Server Maker Meets Filing Deadline

Super Micro Computer (SMCI) shares rocketed higher after the server maker submitted its delayed financial reports late Tuesday, just beating its deadline to avoid being delisted by the Nasdaq.

The company had until the end of the day to file its reports for fiscal 2024 and the first two quarters of fiscal 2025. Supermicro shares jumped over 20% following the submissions, more than making up for losses during the regular trading session amid concerns about whether the deadline would be met.

Supermicro said in a release that the Nasdaq confirmed its compliance with the exchange’s filing requirements, and that “the matter is now closed.” The Nasdaq did not immediately respond to a request for comment on the filings.

In its delayed annual report, Supermicro said sales in fiscal 2024 more than doubled year-over-year to $14.99 billion on growing demand for its products to support artificial intelligence. Earlier this month, the Nvidia (NVDA) partner had suggested revenue could hit $40 billion in fiscal 2026, after reaching between $23.5 billion to $25 billion in 2025.

Tuesday’s update comes after Supermicro said on Feb. 11 that it expected to meet the deadline, which propelled shares to a five-day winning streak. 

The server maker has gone through months of uncertainty after delaying the filing of its annual report amid accusations of accounting manipulation last August that led to the resignation of the company’s auditor. The shares lost about half their value over the past year through Tuesday’s close.

UPDATE—Feb. 25, 2025: This article has been updated since it was first published to include additional information and reflect more recent share price values.