On September 3, 2024, Super Micro Computer, Inc. communicated to its customers and partners regarding the delay in filing its Annual Report for the fiscal year ended June 30, 2024. The company's CEO, Charles Liang, assured stakeholders that the delay and a separate report by a short seller would not impact the company's product delivery or its ability to provide innovative IT solutions. Supermicro's production capabilities and engineering teams continue to operate effectively, with the company having shipped approximately 2,000 DLC liquid-cooled AI racks, capturing over 75% of the market this year. Despite the delay, preliminary results indicate no material changes in the fourth quarter or fiscal year 2024 financial results. The Audit Committee is conducting a review of internal controls and other...Show More

On September 3, 2024, Super Micro Computer, Inc. communicated to its customers and partners regarding the delay in filing its Annual Report for the fiscal year ended June 30, 2024. The company's CEO, Charles Liang, assured stakeholders that the delay and a separate report by a short seller would not impact the company's product delivery or its ability to provide innovative IT solutions. Supermicro's production capabilities and engineering teams continue to operate effectively, with the company having shipped approximately 2,000 DLC liquid-cooled AI racks, capturing over 75% of the market this year. Despite the delay, preliminary results indicate no material changes in the fourth quarter or fiscal year 2024 financial results. The Audit Committee is conducting a review of internal controls and other matters. Supermicro also addressed a short seller report, stating it contained false or inaccurate statements, and plans to respond in due course. The company highlighted its strong financial performance, with revenues more than doubling year-over-year and exceeding industry averages. Looking forward to 2025, Supermicro anticipates continued growth and market leadership, reinforcing its commitment to customer satisfaction and partnership.