Super Micro Computer shares fell on Tuesday. The company is nearing a deadline to file audited financial reports. If it does not file the reports, its stock could be delisted from the Nasdaq exchange.
Super Micro CEO Charles Liang told investors he was “confident” the company could file the reports by Feb. 25. This is a deadline set by Nasdaq.
The company could also ask for another extension of up to 180 days. Super Micro must file its audited annual report for fiscal 2024. It also needs to file reports for the first two quarters of fiscal 2025.
Last fall, Super Micro shares took a hit. The company delayed releasing its annual report for the year ending in June. Ernst & Young, the company’s auditor, resigned.
It cited governance issues. Super Micro appointed BDO as its new auditor in November. The company has also been targeted by an activist short seller, Hindenburg Research.
super micro filing deadline near
This has contributed to stock volatility. Super Micro’s stock plunged last year to a low of about $18 per share in November.
This was after soaring more than 14-fold from the end of 2022 to its peak in March last year. So far in 2025, Super Micro’s stock price has risen more than 55%. Despite these challenges, Super Micro has seen significant growth.
This is due to the boom in artificial intelligence. The company’s revenue has surged. This is driven by the sale of systems based around Nvidia graphics processing units (GPUs).
These are needed to build server clusters for AI. Elon Musk’s xAI, for example, purchases Super Micro systems. According to its unaudited financials, Super Micro’s sales more than doubled in fiscal 2024 to $14.94 billion.
Analysts expect about $5.37 billion in revenue for the current quarter. This represents nearly a 40% increase year over year. The SEC’s system for accepting filings can receive documents as late as 10 p.m. ET.
Depending on the time of the filing, it can be recorded as the next date. Super Micro representatives did not respond to a request for comment.
