包括审计风波在内的多种因素拖累了超微电脑的股价表现。Super Micro Computer (SMCI.US) will release its financial performance for the first quarter of the 2025 fiscal year on November 5.
According to the Securities Times APP, artificial intelligence (AI) server supplier Super Micro Computer (SMCI.US) will release its financial performance for the first quarter of the 2025 fiscal year on November 5. The market expects the company's Q1 revenue to be $6.46 billion, a 205% year-on-year increase; and earnings per share to be $0.73, a 115% year-on-year increase.
Despite the market's optimistic view on Super Micro Computer's Q1 performance, its stock price has dropped by over 60% in the past six months. It is reported that Super Micro Computer joined the S&P 500 index on March 18, when the stock price of this AI server manufacturer hit a historic high, with a remarkable 295% cumulative increase. However, the stock has since been on a downward trend, especially becoming more pronounced since mid-July.
Various factors, including audit controversies, have dragged down Super Micro Computer's stock performance.
According to Super Micro Computer's statement on October 30, the audit firm Ernst & Young resigned, stating that they cannot rely on the financial data provided by the management and the audit committee.
As early as August this year, the well-known short-selling institution Muddy Waters Research accused the company of "accounting manipulation" and other suspicious activities. Shortly after, Nasdaq issued a non-compliance notice to the company for failing to submit its annual report (10-K) on time.
According to TipRanks' data, bears believe that risks persist, exacerbated by uncertainties around internal controls and the delayed submission of the 10-K filing. However, bulls believe that backed by a strong product lineup, Super Micro Computer is in a favorable position to benefit from the increasing investments in artificial intelligence infrastructure.
According to TipRanks' statistics, overall, Wall Street analysts give super micro computer a 'hold' rating, with an average target price of $64.49, 148% higher than the current level.
