Super Micro Computer Inc (SMCI)
SMCI Cuts 1Q View, Announces Preliminary Numbers
SMCI says it is unsure when it will file its next earnings report as the company faces scrutiny over its accounting practices. George Tsilis and Oliver Renick examine Supermicro (SMCI) after the company provides guidance cuts instead of a 10-K filing.
Super Micro still can't say when it will file annual report, and its stock drops
Super Micro says its special committee has so far found that its audit committee “acted independently and that there is no evidence of fraud or misconduct on the part of management” or the board.
Super Micro shares tumble on lower Q2 guidance and below-estimate Q1 revenue
Super Micro Computer Inc (NASDAQ:SMCI) shares dropped afterhours after it guided earnings per share lower than estimates. The company said it expects Q2 revenue of $5.5 billion to $6.1 billion, below analyst estimates of $6.79 billion.
Super Micro says cannot predict timing of annual filing; shares down
Super Micro Computer said on Tuesday it cannot predict when it would file its annual report with the U.S. Securities and Exchange Commission and that the results of a special committee probe showed there was no evidence of fraud on the part of management or the board.
What Analysts Think of Super Micro Computer's Stock Ahead of Earnings
Super Micro Computer (SMCI) is set to report earnings after the bell as it looks to turn around the stock's recent slide and address concerns about its accounting practices.
SMCI Earnings Preview & Auditor Concerns
Brian Mulberry (@ZacksInvestmentNews) points to the questionable datakeeping practices plaguing Supermicro (SMCI) as a red flag ahead of earnings. "They need to get their house back in order in terms of accounting," he adds, but notes that the company was seeing tremendous growth, if the data is to be believed.
Super Micro Computer Posts Q1 Earnings: Are Delisting Fears Here To Stay Or Can The Stock Rebound?
Super Micro Computer Inc. SMCI is gearing up for its first-quarter earnings report Tuesday after the market close. Expectations are set for 75 cents in earnings per share (EPS) and revenue of $6.45 billion, according to Benzinga Pro data.
Billionaire Israel Englander Sold 40% of Millennium's Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
Englander's Millennium has shed nearly 9 million shares of supercharged income stock AT&T since 2024 began in favor of a controversial artificial intelligence (AI) stock.
Supermicro Shares Plunge Again. Time to Buy the Dip or Stay Away?
The resignation of its auditor sent Supermicro shares plummeting.
Super Micro needs a new CEO before its AI advantage erodes
Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.
SMCI's "High Pressure" Earnings Amid Accounting Accusations
Supermicro (SMCI) reports earnings tomorrow after markets close. The company faces a plethora of accusations surrounding its accounting practices.
3 Significant Risks That Market Has Yet To Price In For Super Micro Computer
Following an eye-watering rally earlier this year, the SMCI stock has now flipped to YTD declines as it faces continued implications of ongoing accounting woes. In the latest turn of events, SMCI's auditor, Ernst & Young, has resigned from the engagement. This casts further uncertainties on when investors can expect SMCI's delayed 10-K filing. In the meantime, SMCI bulls continue to believe that the company's accounting problems and delayed 10-K filing are isolated issues from its technological advantage in capturing AI opportunities.
