Super Micro Files Late Financial Reports, Easing Delisting Fears

(Bloomberg) — Super Micro Computer Inc. said it submitted outstanding financial reports to become compliant with Nasdaq Inc. rules, easing risks that the server maker will be delisted.

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The company reported its 2024 fiscal year results Tuesday in a filing with the Securities and Exchange Commission. “While we filed all of the delinquent reports on or before Feb. 25, 2025, we expect to continue to face many of the risks and challenges related to previously being delinquent in our SEC reporting obligations,” Super Micro said. The company also filed its quarterly financial reports for the periods ended Sept. 30 and Dec. 31.

The shares jumped more than 15% in extended trading after the filings. The company’s stock has gained about 49% this year after Super Micro delivered a much stronger-than-expected sales outlook of $40 billion for the fiscal year ending in June 2026.

Super Micro is trying to avoid a delisting after missing an August 2024 deadline to file its annual financial report. The company’s auditor, Ernst & Young LLP, resigned in October, citing concerns about governance and transparency. Super Micro is also facing a US Department of Justice probe following a report from short seller Hindenburg Research.

Nasdaq had extended Super Micro’s deadline to Tuesday to provide the delayed filings and become compliant with listing rules. In December, Super Micro said an independent review of its business found no evidence of misconduct, but it would install a new chief financial officer and other top executives.

In the fiscal-year report, the company said it faced risks from the filing delays including that it may “fail to remediate material weaknesses in our internal control over financial reporting.” It also highlighted potential issues including failing to “recapture lost businesses or business opportunities due to ongoing reputational harm.”

–With assistance from Carmen Reinicke.