Super Micro Computer (NASDAQ:SMCI) is set to make a major earnings announcement today, but investors are more concerned about the company’s overdue SEC filings than its Q2 revenue and EPS. With the Nasdaq listing at risk, Super Micro has until February 25 to submit its Form 10-K and 10-Q, or face potential removal.
The company’s problems began in mid-2024 when Hindenburg Research raised accounting red flags, prompting regulatory scrutiny. A high-profile auditor, Ernst & Young, resigned in October, refusing to sign off on the company’s financials. The stock plummeted from over $120 to below $18 by November last year, but recovered nearly 30% since then.
Today’s earnings call is a critical test for Super Micro. If it delivers solid numbers and assures investors about its Nasdaq listing, the stock could continue its climb. However, any sign of further delays or uncertainty could send shares tumbling again. Investors will be watching closely for clear answers, not just about Q2 results, but whether the company can put its regulatory troubles behind it.
Source: https://finance.yahoo.com/news/super-micros-wild-ride-stock-182438401.html