Technology

Super Micro expects compliance with the Nasdaq deadline and plans aggressive revenue increase

Super Micro raises the revenue forecast for 2026, but lowers short-term expectations and fights against a Nasdaq delisting.

Eulerpool News Feb 13, 2025, 12:21 PM

Super Micro Computer Inc. has released an optimistic long-term revenue forecast and expressed confidence in meeting the Nasdaq deadline for filing audited financial reports. The stock rose more than eight percent after hours.

For the fiscal year ending June 2026, the company predicts revenue of 40 billion USD - significantly above analysts' estimates of 30.7 billion USD. The high demand for AI-optimized servers, particularly with Nvidia's new Blackwell B200 chips, supports the growth.

Nevertheless, Super Micro had to lower the revenue forecast for the current fiscal year to 24.3 billion US dollars, after previously expecting 28 billion US dollars. The forecasts for the current quarter also fell short of market expectations.

Super Micro is under pressure to avert a possible Nasdaq delisting. The company missed the deadline for filing the annual report in August 2024 after Ernst & Young resigned as auditor and raised concerns about governance. Additionally, the US Department of Justice and the SEC are investigating following allegations by short-seller Hindenburg Research.

Nasdaq granted an extension until February 25. Super Micro stated it is "working diligently" on the outstanding financial reports and is "confident" to submit them on time.

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