Super Micro Computer, Inc. (SMCI) has announced it will provide a business update for the second quarter of fiscal 2025 through a conference call and webcast, 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.
SMCI's stock price has been volatile in recent months, primarily due to the company's failure to file its Form 10-K for the fiscal year ending June 30, 2024, and Form 10-Q for Q1 2025, amid ongoing corporate governance issues. The stock plummeted by 72.9% from its all-time high of $122.90 in early March 2025, underperforming the Technology Select Sector SPDR Fund’s (XLK) 27.1% surge and the S&P 500 Index’s ($SPX) 26.3% returns during the same time frame.
On November 5, 2024, SMCI released preliminary Q1 financial information, which fell short of analysts' expectations. The company expects its Q1 net sales to range between $5.9 billion and $6 billion, significantly lower than analysts' estimates of approximately $6.5 billion. However, it still reflects a notable 182% year-over-year growth. Additionally, the company's Q2 guidance also fell short of Wall Street expectations, further contributing to the stock's volatility.
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