Supermicro’s stock price is surging again on Tuesday, with a 11.8% gain as of 1:30 p.m. ET. The company’s shares have been up as much as 15.4% earlier in the day, bringing the monthly gain to around 73.5%. Investors are optimistic about the upcoming filing of Supermicro’s delayed 10-K report, which is due soon.
The delay was caused by concerns over accounting practices raised in a short-seller report from Hindenburg Research. Ernst & Young subsequently resigned as audit results auditor, citing management and audit committee independence issues. BDO has since taken on the role.
Despite uncertainty surrounding the SEC filing, Supermicro’s outlook appears promising. The company recently guided for sales between $23.5 billion and $25 billion in fiscal Q2, down from previous targets. However, it expects sales of $40 billion for fiscal 2026. As investors await the 10-K report, they’re piling into the stock, expecting minimal downward revisions to previously reported business results.
Source: https://www.fool.com/investing/2025/02/18/why-super-micro-computer-stock-is-skyrocketing-tod