Super Micro reports lower-than-expected revenue, potential delisting from Nasdaq, and strong Nvidia partnership.

From CNBC: 2024-11-05 18:02:37

Super Micro Computer Inc., led by CEO Charles Liang, reported unaudited quarterly results at the Computex conference in Taipei, Taiwan. The stock dropped 17% in extended trading due to revenue missing estimates and unresolved corporate governance issues. Super Micro faces potential delisting from Nasdaq if it doesn’t file its annual report soon.

The company generated net sales of $5.9 billion to $6 billion for the quarter ending Sept. 30, below analyst expectations but up 181% annually. Analysts questioned Super Micro’s plans to address financial reporting issues and increase sales. The company’s relationship with Nvidia remains strong, with demand for the latest GPU, Blackwell, on the rise.



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