Super Micro Stock Seesaws as Server Manufacturer Say it will meet the deadline for filing

Super Micro Computer (SMCI) Stock Seesawed Tuesday after the market closely, as the company said that expect to submit delayed archives to SEC of Nasdaq’s deadline on February 25 to avoid delisting.

The company – a rival to Dell (Dell) who makes computer servers using Nvidia’s (NVDA) latest Blackwell AI chips – said it “continues to work diligently against the archiving” of its delayed annual and quarterly reports to the US security – and the exchange commission and “thinks it will make such archives by February 25.” Super Micro had submitted the submission of the archives after a quiver report Published last year by the short -selling company Hindenburg Research, which accuses the server manufacturer for violations of accounting violations.

Super Micro also reported preliminary earnings in the second quarter after Tuesday, which missed Wall Street’s estimates. Super Micro said it expects to record a $ 5.6 billion revenue to $ 5.7 billion for the quarter, which ended December 31, under the $ 5.95 billion expected of Wall Street analysts, according to Bloomberg -Consensus estimates. The company cut its revenue guidance for the 2025 financial year to an interval between $ 23.5 billion and $ 25 billion, lower than its prior reach of $ 26 billion to $ 30 billion.

SMCI shares sank as much as 19% after the clock on the earnings results, but quickly turned direction. The share rose more than 3% late on Tuesday.

Super Micro’s business update comes after a turbulent year in which the company was facing continuous controversy in the wake of the Hindenburg report. The The US Department of Justice reportedly launched a probe into Super Micro’s accounting policies. The company’s delayed annual and quarterly SEC archives put it in danger of being delisted by Nasdaq and its accountant retired.

Nasdaq recently awarded Super Micro an extension to submit the archives on February 25. The company has hired a new accountant and the server manufacturer said an independent review of its business did not find proof of mismatch.

Super Micro Stock had been on a recovery prior to its scheduled business update 11 February, but turned on Tuesday. Shares fell more than 9% at the end of the trading day on Tuesday and ended a week -long rally that saw shares win almost 60%.

Super Micro confirmed in its update on Tuesday that it had “received subpoenas from the Department of Justice and Securities and Exchange Commission, which sought certain documents after the publication of accusations in a short seller report published in August 2024.”

“The company is cooperating with these document requests,” the company continued.

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