Super Micro’s stock rose over 25% in premarket trading on Wednesday. The company met a deadline to submit delayed regulatory filings. This allowed Super Micro to avoid being delisted from the Nasdaq exchange.
Super Micro Computer makes server products using Nvidia’s AI chips for data centers. The company had delayed submitting its quarterly and annual filings to the US Securities and Exchange Commission. This delay followed an accusation from short-seller Hindenburg Research last August.
Hindenburg alleged that Super Micro had manipulated its accounts. These allegations coincided with an investigation from the Department of Justice. Super Micro’s accountant also resigned during this time.
The company risked being delisted due to the delayed SEC filings. Super Micro missed its initial deadline to submit its SEC filings and avoid delisting in late 2024. However, the company managed to meet the extended deadline on February 25.
Super Micro has denied Hindenburg’s accusations of accounting violations. The company has since hired a new accountant. The recent rally comes after a significant drop in Super Micro’s stock.
The stock had a five-day run of losses, bringing the shares down more than 18%. This decline partially reversed gains from a weeks-long rally in February. Super Micro stock rose more than 16% on February 19 to just over $60.
This was its highest closing price since August 23. The stock was previously boosted by its performance in the S&P 500. It had closed at $45.54 on Tuesday afternoon, substantially lower than its high above $120 last March.
Super Micro Computer, Inc.
Stock surges on regulatory compliance
filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 with the Securities and Exchange Commission (SEC) on February 25, 2025.
The company also filed its Quarterly Reports on Form 10-Q for the first and second quarters of fiscal 2025. Super Micro is now current with its SEC financial reporting obligations. There were no restatements of previously filed financial statements.
The Nasdaq staff has confirmed that Super Micro has regained compliance with the filing requirements. The matter is now closed. Charles Liang, Founder, President, and CEO of Super Micro, said, “Today’s filings represent an important milestone.
With our financial reporting now current, we can fully focus on executing our proven growth strategy through technology, product and solution innovations, time-to-market advantage, global footprint, and green computing. We are investing extensively in people and processes across our engineering, sales, finance, accounting, compliance, and operations to achieve our mission in DLC, Data Center Building Block Solution (Supermicro 4.0) as well as our revenue target. Supermicro is accelerating at the forefront of the AI revolution, helping our customers, partners, and driving strong returns for investors.”
Super Micro Computer shares fell on Tuesday as the company neared the deadline to file audited financial reports or face possible delisting from the Nasdaq exchange.
Earlier this month, Super Micro CEO Charles Liang expressed confidence that the company would meet the Feb. 25 deadline. The company also has the option to request an extension of up to 180 days.
Super Micro must submit its audited annual report for fiscal 2024 and the first two quarters of fiscal 2025 to the U.S. Securities and Exchange Commission (SEC). Failure to do so may result in the company’s delisting from Nasdaq. Last fall, Super Micro postponed releasing its annual report for the fiscal year ending in June after its auditor, Ernst & Young, resigned due to governance issues.
The company appointed BDO as its new auditor in November shortly after. Super Micro has also been under pressure from activist short seller Hindenburg Research, adding to the stock volatility. The shares saw a significant drop last year, hitting a low of about $18 per share in November, after a dramatic rise from the end of 2022 until their peak in March 2024.
Despite the challenges, Super Micro’s stock has risen more than 55% in 2025. The company has capitalized on the surge in demand for artificial intelligence technologies, largely driven by its sales of systems built around Nvidia graphics processing units (GPUs), which are essential for constructing server clusters needed for AI. Super Micro’s unaudited financials reveal that its sales more than doubled in fiscal 2024 to $14.94 billion, driven by the AI boom.
Analysts predict that the company will report approximately $5.37 billion in revenue for the current quarter, reflecting a nearly 40% increase year over year.
