Super micro -stock waves after outlining ambitious goals for 2026, which ensures investors that it will avoid delisting

On By Littum

Super Micro Computer (SMCI) storage rose up to 12% in the Premarket trade on Wednesday, after the tech company announced a positive update on its plans to avoid being delisted by NASDAQ and outlined an ambitious new revenue target for 2026.

Tuesday the company investors told it now expect to submit delayed archives to SEC of Nasdaq’s deadline on February 25 to avoid delisting.

Super Micro said it “continues to work diligently against the archiving” of its delayed annual and quarterly reports to the US Securities and Exchange Commission and “thinks it will make such archives by February 25.” The company had submitted the submission of the archives after a scary report Published last year by the short -selling company Hindenburg Research, which accuses the server manufacturer for violations of accounting violations.

Super Micro is a rival to Dell (Dell) that makes computer servers using Nvidia’s (NVDA) latest Blackwell AI chips. Super Micro’s CEO Charles Liang said on a call with investors late Tuesday, “I think we have the potential to reach $ 40 billion for the financial year ’26.”

After Tuesday, Super Micro reported preliminary earnings in the 2nd quarter of its fiscal 2025, who missed Wall Street’s estimates. The company 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 Tuesday in an initial reaction to the earnings results before turning direction.

Liang added on his call with investors on Tuesday night that the server manufacturer has a “confidential product under development” in support of this claim. Analysts traced by Bloomberg had predicted 2026 revenue Closer to $ 30 billion. Super Micro said last week that it is Server systems for data centers using Nvidias Blackwell AI chips are now fully available.

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.