Supermicro Says It Expects To Meet Filing Deadline as Preliminary Q2 Results Underwhelm | Global News Avenue

Supercomputer (SMCI) The preliminary second-quarter results for the report were lower than previous guidelines and expressed their desire to submit their delayed regulatory files in a timely manner to avoid delays in submission.

Server Manufacturers and NVIDIA (NVDA) Partners said it is expected to report revenue of $5.6 billion to $5.7 billion in the second quarter, up 54% year-on-year, but lower than its previous forecast of $5.5 billion to $6.1 billion. The company is expected to adjust Earnings per share At a rate of 58 cents to 60 cents, its previous forecast was insufficient.

Going forward, the company guided third-quarter revenue of $5 billion to $6 billion and adjusted earnings per share of 46 cents to 62 cents.

Supermicro also said it expects to submit its delayed financial report from fiscal year 2024 Nasdaq The deadline for February 25 is to avoid being crossed.

The company’s crime report raises concerns about the company Accounting practices. Supermicro has formed an independent special committee, which said in December Company investigation“The integrity of Supermicro’s senior management has not aroused any substantial concerns.”

Supermicro’s stock initially fell, then jumped 8% in expanded trading on the rebound after the company’s update. The stock has lost more than half of its value over the past year.

Updated – feb. 11, 2025: This article has been updated since its first release to reflect newer stock prices.