Super Micro Computer Inc - SMCI STOCK NEWS

Super Micro Computer (NASDAQ: SMCI) has successfully filed its Annual Report on Form 10-K for fiscal 2024 and Quarterly Reports on Form 10-Q for the first and second quarters of fiscal 2025. The company has achieved a significant milestone by becoming current with its SEC financial reporting obligations, with no restatements of previously filed financial statements required.

The company has officially regained compliance with NASDAQ filing requirements, and the matter is now closed. CEO Charles Liang emphasized that Supermicro will focus on executing its growth strategy through technology innovation, time-to-market advantage, global footprint, and green computing initiatives.

The company is making substantial investments in engineering, sales, finance, accounting, compliance, and operations to achieve its mission in DLC and Data Center Building Block Solution (Supermicro 4.0), while positioning itself at the forefront of the AI revolution.

Super Micro Computer (SMCI) has announced the pricing of $700.0 million of new 2.25% Convertible Senior Notes due 2028 and amended terms for existing $1.725 billion Convertible Notes due 2029. The new notes will have an initial conversion rate of 16.3784 shares per $1,000 principal amount, equivalent to a conversion price of $61.06 per share, representing a 50% premium over the reference price of $40.7040.

The amended existing notes will bear a 3.50% annual interest rate and have a conversion rate of 11.9842 shares per $1,000, equivalent to $83.44 per share, representing a 105% premium over the reference price. Both transactions are expected to close around February 20, 2025. The company plans to use the proceeds for general corporate purposes, including working capital for growth and business expansion.

Super Micro Computer (NASDAQ: SMCI) has announced private agreements to issue $700.0 million of new 2.25% Convertible Senior Notes due 2028 and amend its existing 0.00% Convertible Senior Notes due 2029. The new notes will bear 2.25% annual interest, while amended notes will carry 3.50% interest.

The conversion price for new notes will be set at a 50% premium over the volume-weighted average stock price on February 12, 2025, while amended notes will have a 105% premium. Both transactions are expected to close around February 20, 2025. The company plans to use proceeds for general corporate purposes, including working capital for growth and business expansion.

The new notes will mature on July 15, 2028, with potential early redemption after March 1, 2026. Holders can require company repurchase upon fundamental changes at 100% principal plus accrued interest.

Supermicro (SMCI) has released preliminary Q2 FY2025 financial results, expecting net sales between $5.6-5.7 billion, representing 54% year-over-year growth. The company projects GAAP gross margin of 11.8-11.9% and GAAP diluted EPS of $0.50-0.52.

For Q3 FY2025, Supermicro forecasts net sales of $5.0-6.0 billion with GAAP EPS of $0.36-0.53. The company has revised its FY2025 revenue guidance from $26-30 billion to $23.5-25 billion.

The company reports approximately $1.4 billion in cash and cash equivalents and total debt of $1.9 billion as of December 31, 2024. Supermicro expects to file its delayed Annual Report and Quarterly Reports by February 25, 2025, and is currently cooperating with DOJ and SEC document requests following a short seller report.

Supermicro announces full production availability of its end-to-end AI data center solutions powered by the NVIDIA Blackwell platform. The company introduces new air-cooled and liquid-cooled systems featuring the NVIDIA HGX B200 8-GPU architecture with enhanced cooling capabilities.

The new liquid-cooled 4U system includes improved cold plates and a 250kW cooling distribution unit, doubling the previous generation's cooling capacity. The rack-scale design supports configurations of 42U, 48U, or 52U, enabling up to 96 NVIDIA Blackwell GPUs in a 52U rack.

The air-cooled 10U system features a redesigned chassis supporting eight 1000W TDP Blackwell GPUs, delivering up to 15x inference and 3x training performance. The SuperCluster designs incorporate NVIDIA networking solutions, enabling scalable units of up to 768 GPUs in nine racks.

Super Micro Computer (SMCI) has announced it will provide a business update for the second quarter of fiscal 2025 through a conference call and webcast. The event is scheduled for Tuesday, February 11, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be accessible at the company's investor relations website (ir.supermicro.com), with a replay available for one year following the presentation.

Supermicro (SMCI) is showcasing its latest AI solutions for the retail industry in collaboration with NVIDIA at the National Retail Federation (NRF) annual show. The company is introducing retailers to AI's transformative potential through various server solutions designed for enterprise, retail, and edge computing.

The showcase features multiple system models, including the SYS-112B-FWT, AS-1115S-FWTRT, and SYS-E403-14B, all optimized for edge AI applications. These systems support various NVIDIA GPUs, including L40S and RTX 6000 Ada Generation.

At NRF, Supermicro is demonstrating three key AI applications: a digital human customer service interface, a retail shopping assistant powered by generative AI, and a video search solution targeting retail shrinkage, which costs US retailers an estimated $100+B annually.

Supermicro (NASDAQ: SMCI) has announced volume shipments of its new max-performance servers featuring Intel Xeon 6900 series processors with P-cores. The upgraded systems support up to 128 performance cores per CPU and include advanced features like high-bandwidth memory up to 8800 MT/s, 400GbE networking, and direct-to-chip liquid cooling solutions.

The company's X14 systems are available in various configurations, including GPU-optimized servers supporting the latest SXM and PCIe GPUs, high-density multi-nodes with FlexTwin™ and GrandTwin® models, and market-proven Hyper rackmounts. Supermicro offers complete rack-level integration services with a global manufacturing capacity of up to 5,000 racks per month, including 2,000 liquid-cooled units.

Notable features include support for up to eight SXM5/SXM6 GPUs, ten double-width PCIe 5.0 accelerator cards, and industry-first AI servers based on Intel Gaudi 3 accelerators. The SuperBlade® architecture can accommodate up to 100 servers and 200 GPUs per rack.

Super Micro Computer (NASDAQ:SMCI) has received an extension from Nasdaq until February 25, 2025 to file its delayed financial reports. The extension covers the Annual Report on Form 10-K for fiscal year ended June 30, 2024, and Quarterly Report on Form 10-Q for the period ended September 30, 2024. SMCI's common stock will continue trading on the Nasdaq Global Select Market during this exception period, provided the company files all required reports by the deadline and maintains compliance with other listing rules. The company has expressed confidence in meeting the February 25, 2025 deadline.