Super Micro Computer(US:SMCI) 智通财经网·2025-08-29 00:07Core Viewpoint - Super Micro Computer (SMCI.US) has warned of weaknesses in its financial disclosure controls, which could impair the company's ability to report financial results "in a timely and accurate manner" [1] Financial Control Issues - The company identified problems in its financial controls as of June 30, leading to a conclusion that its internal controls over financial reporting were ineffective due to significant deficiencies [1] - Super Micro missed the deadline for submitting its annual financial report for 2024 in August and faced concerns from its auditor, Ernst & Young, regarding governance and transparency, resulting in the auditor's resignation in October [1] Remedial Actions - The company has initiated remedial measures to address the identified significant deficiencies but cannot guarantee that these efforts will be sufficient to conclude that controls will be effective in the future [1] - In a document dated March 31, the company outlined a series of measures taken to improve financial controls, stating that while progress has been made, the implementation and evaluation of these processes require more time [1] Stock Performance - The stock price of Super Micro surged by 88% earlier this year due to optimistic market sentiment regarding the demand for AI devices, but it subsequently fell by 23% after the company lowered its revenue forecast for the fiscal year on August 5 [1] - As of the latest close, the stock's year-to-date gain has narrowed to 44% [1]