Super Micro Computer (SMCI) stock surged 12% in premarket trading after the tech company announced a positive update on its plans to avoid delisting by the Nasdaq. The company, a rival to Dell and Nvidia, has revised its timeline for submitting delayed annual and quarterly reports to the US Securities and Exchange Commission.
According to Super Micro’s CEO Charles Liang, the company is “diligently working” towards filing the reports by February 25, which meets the Nasdaq’s deadline. The update comes after a tumultuous year marked by controversies over accounting practices and a short-selling report that accused the server maker of misconduct.
The company has also announced an ambitious new revenue goal for 2026, expecting to reach $40 billion, although this is below analysts’ estimates. Super Micro reported weaker-than-expected earnings in its second quarter, citing revenue of $5.6 billion to $5.7 billion, lower than the $5.95 billion expected by Wall Street analysts.
The company’s shares had initially fallen 19% after the earnings release but reversed direction ahead of the positive update. Super Micro is facing several securities litigation complaints and derivative suits, but believes they are “without merit.” The US Department of Justice has launched a probe into the company’s accounting practices, which has put it at risk of delisting from the Nasdaq.
The news has boosted investor confidence, with shares rising 12% in premarket trading. The update is seen as a positive development for the company, which had faced ongoing controversies and regulatory scrutiny in recent months.
Source: https://finance.yahoo.com/news/super-micro-stock-surges-after-outlining-ambitious-2026-targets-assuring-investors-it-will-avoid-delisting-131411657.html