Summary by Moomoo AI
Super Micro Computer announced a delay in filing its Annual Report for FY2024 ended June 30, as the Audit Committee conducts a review of internal controls. The company emphasizes that based on current assessments, no material changes are expected in Q4 or FY2024 financial results. The company more than doubled its year-over-year revenues in FY2024, exceeding industry average growth by 3 times.CEO Charles Liang confirmed that the company's production capabilities remain unaffected, with approximately 2,000 DLC liquid-cooled AI racks delivered to customers, representing over 75% of the calendar year's DLC liquid-cooled AI server market. The company maintains strong operational momentum with a record number of orders and growing backlog of design wins.Regarding a recent short seller report, the company states it contains false or inaccurate statements and misleading presentations of previously disclosed information, which will be addressed in due course. The company remains focused on customer commitments and product roadmaps while continuing its expansion to meet evolving market demands.
