Why Super Micro Computer Stock Is Crashing Again Today [Yahoo! Finance]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
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Source: Yahoo! Finance
The server specialist's share price was down 22.8% as of 2 p.m. ET and had been down as much as 27.1% earlier in the session. After the market closed Tuesday, Supermicro published unaudited preliminary results for its fiscal 2025 first quarter, which ended Sept. 30. The tech specialist also provided an update on an internal review that's underway following the recent resignation of Ernst & Young (EY) as its financial auditor. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » For the fiscal first quarter, Supermicro now expects to report sales of between $6 billion and $7 billion. It had previously been guiding for a range of $7 billion to $8 billion. That's a substantial downward revision, and it may look even more worrying to investors due to concerns about the company's accounting practices. On the other hand, management expects to post a non-GAAP (adjusted) gross margin of 13.3% -- better than was broadly expected. M
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News
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SMCI
Earnings
- 8/6/24 - Miss
SMCI
Sec Filings
- 11/13/24 - Form NT
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- SMCI's page on the SEC website