Supermicro (NASDAQ:SMCI) Soars 17% After Filing De…
From Barchart: 2025-02-26 01:54:53
Supermicro (NASDAQ:SMCI) surged 17% in after-hours trading after filing delayed financial reports, rebounding from an 11.8% decline earlier.
Supermicro submitted its 10-K for FY 2024, 10-Qs for Q1 and Q2 FY 2025, regaining Nasdaq compliance.
Ernst & Young resigned as auditor due to governance concerns, replaced by BDO USA, P.C. No major issues found in a Special Committee investigation.
Supermicro projects $40 billion in revenue for FY 2026, with CEO Charles Liang hinting at even higher potential growth fueled by the NVIDIA Blackwell server ramp.
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