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 ...

Group 1 - Super Micro Computer Inc. has regained compliance with Nasdaq's filing requirements, leading to a significant stock price increase of over 26% in premarket trading [1][5] - The company's stock has experienced a year-to-date increase of 51.55%, but has seen a recent decline of 22.64% over the past five days, indicating potential selling pressure [1][6] - Super Micro's sales more than doubled to $14.99 billion in fiscal 2024, driven by high demand for Nvidia's graphics processing units [5] Group 2 - The company submitted its delayed financial results for fiscal 2024 and the first half of fiscal 2025, which were confirmed by a new audit from BDO, although governance issues were flagged [4][6] - Technical indicators suggest resistance levels at the eight-day simple moving average of $50.28 and the 200-day simple moving average of $52.75, while support is indicated at $41.88 and $36.24 [2] - The Moving Average Convergence Divergence (MACD) indicator is at 5.80, indicating a bullish trend, but the Relative Strength Index (RSI) of 63.50 suggests the stock may be overbought [3]

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 ...

In a press release dated February 25, 2025, Super Micro Computer, Inc. (NASDAQ: SMCI ) (NEOE: SMCI:CA ) announced that it filed its 10-K for FY-24 and 10-Qs for Q1 and Q2-25 and has "Regained Compliance with the NASDAQI have been a keen student of the markets for several years now. I love studying how companies grow over time, what value they deliver to their stakeholders, and projecting long-term value as an investment opportunity. I work as a content professional for a software company, but my passion is ...

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 ...

Financial Performance - Net income for the three months ended September 30, 2024, was $424.3 million, compared to $157.0 million for the same period in 2023, reflecting a significant increase [204]. - Net sales increased by 180.1% to $5,937.3 million for the three months ended September 30, 2024, compared to $2,119.7 million in the same period of 2023 [210]. - Sales of server and storage systems reached $5,747.8 million, a 192.3% increase from $1,966.6 million in the prior year [215]. - For the three months ended September 30, 2024, cost of sales increased to $5,161.7 million, a 192.3% increase from $1,766.0 million in 2023 [223]. - Gross profit for the same period was $775.6 million, up 119.3% from $353.7 million in 2023, resulting in a gross margin of 13.1%, down from 16.7% [222]. Sales and Market Performance - The United States accounted for 71.4% of total net sales, with sales increasing by 161.9% to $4,241.3 million [219]. - Asia saw a 323.3% increase in sales, reaching $954.6 million, representing 16.1% of total net sales [219]. - The increase in net sales was primarily driven by higher demand for GPU servers and high-performance computing solutions [218]. Expenses and Costs - Operating expenses increased by 47.0% year-over-year, representing 4.5% of net sales in Q1 2025 compared to 8.5% in Q1 2024 [210]. - Research and development expenses rose to $132.2 million, a 19.1% increase from $111.0 million in 2023, representing 2.2% of total net sales [229]. - Sales and marketing expenses increased by 85.2% to $68.9 million from $37.2 million in 2023, accounting for 1.2% of total net sales [229]. - General and administrative expenses grew by 98.5% to $65.3 million from $32.9 million in 2023, making up 1.1% of total net sales [229]. - Interest expense increased significantly to $17.4 million for the three months ended September 30, 2024, from $1.9 million in 2023, reflecting higher borrowing costs [233]. Taxation - The effective tax rate increased to 15.0% in Q1 2025 from 11.4% in Q1 2024 [210]. - The income tax provision for the three months ended September 30, 2024, was $74.7 million, a 269.8% increase from $20.2 million in 2023, with an effective tax rate of 15.0% [236]. Cash Flow and Capital Expenditures - Net cash provided by operating activities increased by $138.4 million to $408.9 million for the three months ended September 30, 2024, compared to $270.5 million in 2023 [240]. - Cash and cash equivalents were $2.1 billion as of September 30, 2024, up from $1.7 billion as of June 30, 2024 [237]. - The company anticipates capital expenditures for the remainder of fiscal year 2025 to be between $98.0 million and $108.0 million, focusing on global manufacturing capabilities and IT investments [246]. Internal Controls and Compliance - Management identified material weaknesses in internal controls over financial reporting, including issues with IT general controls and segregation of duties [256]. - The company is committed to remediating identified material weaknesses and plans to hire additional qualified personnel and conduct more training sessions for accounting staff [260]. - There were no changes in internal control over financial reporting during the quarter ended September 30, 2024, that materially affected the internal control environment [259]. - Management concluded that the condensed consolidated financial statements fairly present the company's financial position in conformity with GAAP despite the identified weaknesses [258]. - The company is evaluating its internal control environment to enhance its effectiveness and ensure timely and accurate financial reporting [260]. Foreign Exchange and Investments - The company reported a realized and unrealized foreign exchange loss of $0.3 million for the three months ended September 30, 2024, compared to a gain of $7.5 million for the same period in 2023 [253]. - The company maintains its investment portfolio primarily in money market funds, certificates of deposit, and auction rate securities [251]. - The company does not currently engage in foreign currency hedging transactions, limiting exposure to foreign currency exchange rate fluctuations [253]. - A 10% change in interest rates is believed to have no significant impact on the company's results of operations [252].

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].