Tue Feb 25 21:20:00 UTC 2025: ## Super Micro Stock Plunges 12% Amidst Looming Delisting Deadline
**[City, State] –** Super Micro Computer’s stock plummeted 12% on Tuesday as the company faces a critical deadline: February 25th. By this date, Super Micro must submit its audited financial reports to the Securities and Exchange Commission (SEC) or risk being delisted from the Nasdaq exchange. The required filings include the audited annual report for fiscal 2024 and the first two quarters of fiscal 2025.
The company’s CEO, Charles Liang, expressed confidence earlier this month that the reports would be filed on time. However, the looming deadline and the stock’s significant drop reflect investor concern. Super Micro representatives have not yet commented on the situation.
This latest downturn follows a tumultuous period for the company. Last August, Super Micro delayed its annual report, leading to a subsequent stock slump. The company’s auditor, Ernst & Young, resigned in October, citing governance issues. BDO was appointed as the new auditor in November. Adding to the turmoil, the company has been the target of accounting fraud allegations from activist short seller Hindenburg Research.
Despite the uncertainty, Super Micro has experienced substantial revenue growth, driven largely by the booming artificial intelligence sector. The company supplies systems based on Nvidia GPUs, crucial for building AI server clusters. High-profile clients such as Elon Musk’s xAI are among Super Micro’s customers. Unaudited financials show sales more than doubled in fiscal 2024, reaching $14.94 billion. Analysts project nearly 40% year-over-year revenue growth for the current quarter, estimating $5.37 billion.
While Super Micro could request a 180-day extension, the market reaction underscores the significant risk associated with failing to meet the February 25th deadline. The stock’s performance has been volatile, reaching a low of around $18 per share last November before a significant rebound earlier this year.
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