What's Going On With Super Micro Computer Shares Thursday?

Super Micro Computer, Inc. SMCI stock is moving lower on continued weakness Thursday after the company filed a FormNT 10-Q with the Securities and Exchange Commission, indicating that it’s unable to file its 2025 fiscal-year first-quarter earnings on time.

The Details: Super Micro Computer said that it cannot complete and file its quarterly earnings before it finishes its 2024 fiscal-year earnings. Previously, the company told the SEC that it could not file its 2024 fiscal-year earnings on time.

In addition, the company is still selecting a new independent accounting firm after its previous accounting firm, Ernest & Young, resigned. Allegedly, Ernest & Young resigned due to accounting issues and export control violations.

The resignation of the company’s auditor puts Super Micro at risk of being delisted. If the company is delisted, it may be required to repay as much as $1.725 billion in convertible bonds ahead of schedule.

The new accounting firm will need time to review the company’s financial statements and its internal controls. Additionally, Super Micro’s management team is still assessing the effectiveness of the company’s internal controls.

How To Buy Super Micro Computer Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Super Micro Computer's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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SMCI Price Action: At the time of publication, Super Micro stock is trading 8.44% lower at $18.62, according to data from Benzinga Pro.

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