Super Micro Computer Inc Stock Price, News & Analysis

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.

Super Micro Computer (SMCI) announced the completion of its independent Special Committee review, formed in response to concerns raised by former auditor Ernst & Young. The committee found no evidence of misconduct by management or Board of Directors, and confirmed the Audit Committee acted independently. The investigation, supported by Cooley LLP and Secretariat Advisors, reviewed revenue recognition practices, export controls, and related party disclosures. The Board adopted all committee recommendations, including transitioning to a new CFO, appointing a Chief Accounting Officer, and expanding the legal department. No restatement of financial reports is expected.

Super Micro Computer (SMCI) has submitted a compliance plan to Nasdaq on November 18, 2024, requesting an extension to regain compliance with listing requirements. The company is currently non-compliant with Nasdaq rule 5250(c)(1) due to delays in filing both its 2024 Form 10-K and Q1 2025 Form 10-Q. SMCI believes it will be able to file both reports and become current with periodic filings within Nasdaq's discretionary period. The notification letter received from Nasdaq has no immediate effect on SMCI's listing or trading status on the Nasdaq Global Select Market.

Supermicro (NASDAQ: SMCI) unveils its latest HPC-optimized multi-node systems at SuperComputing 2024, featuring the new FlexTwin™ and upgraded SuperBlade® systems. The FlexTwin offers up to 36,864 cores per rack and supports both Intel Xeon 6 and AMD EPYC 9005 processors. The systems include direct-to-chip liquid cooling capabilities and are designed for high-intensity HPC workloads. The SuperBlade can accommodate up to 20 nodes in a 6U or 8U chassis with NVIDIA GPU support per node. Supermicro's manufacturing capacity includes 5,000 racks monthly, with 2,000 liquid-cooled racks.

Super Micro Computer (SMCI) has appointed BDO USA as its new independent auditor, effective immediately. BDO, a member of one of the world's top five accounting networks, will help bring Supermicro's financial statements current. The company has also submitted a compliance plan to Nasdaq to request an extension for regaining compliance with listing requirements. Supermicro expects to complete its Annual Report on Form 10-K for FY2024 and Q1 FY2025 Quarterly Report within Nasdaq's discretionary period. The company's securities will remain listed while Nasdaq reviews the compliance plan.

Supermicro announces new SuperCluster solutions featuring NVIDIA Blackwell platform for generative AI. The system incorporates NVIDIA HGX B200 8-GPU systems with enhanced liquid cooling, promising increased GPU compute density compared to current NVIDIA HGX H100 and H200-based SuperClusters. The upgraded system includes improved thermals, power delivery, and supports dual 500W Intel Xeon 6 or AMD EPYC 9005 processors. Key innovations include vertical coolant distribution manifolds, efficient cold plates, and advanced hose design. The company also introduces solutions for NVIDIA GB200 Grace Blackwell Superchips, including NVL4 and NVL72 systems.

Supermicro (SMCI) announced preliminary Q1 FY2025 results with expected net sales of $5.9-6.0 billion, below previous guidance of $6.0-7.0 billion. The company expects GAAP and non-GAAP gross margin of 13.3%, with GAAP EPS of $0.68-0.70 and non-GAAP EPS of $0.75-0.76. For Q2 FY2025, Supermicro projects net sales of $5.5-6.1 billion with GAAP EPS of $0.48-0.58. The Special Committee investigation found no evidence of fraud or misconduct by management or Board. The company continues working on its delayed Form 10-K filing and must submit a compliance plan to Nasdaq within 60 days.