Super Micro Computer Inc (SMCI) Stock News and Headlines
Hindenburg Research Alleges Accounting Manipulation at Super Micro Computer
On Tuesday, Hindenburg Research disclosed a short position in Super Micro Computer (SMCI) and alleged accounting manipulation at the AI server maker.
Key Allegations:
- Aggressive revenue recognition practices
- Inflated inventory levels
- Potential undisclosed related-party transactions
SMCI has denied the allegations, calling them "false and defamatory." The company stated it will "vigorously defend itself against these baseless claims."
Super Micro Computer Shares Hit Record High After Blowout Earnings
Super Micro Computer shares hit a fresh record high on Tuesday after the artificial intelligence server maker delivered blowout quarterly results.
Key Earnings Highlights:
- Revenue rose 25% year-over-year to $1.5 billion
- Net income surged 40% to $250 million
- Adjusted earnings per share beat analyst estimates by 15%
SMCI CEO Charles Liang attributed the strong results to growing demand for AI servers from cloud providers and enterprise customers.
Super Micro Computer Gross Margin Below Estimates
Super Micro Computer reported quarterly adjusted gross margin below estimates on Tuesday, as high costs tied to the production of servers with the latest AI chips impacted profitability.
Key Financial Data:
- Adjusted gross margin: 15.2%, below the 16.5% consensus estimate
- Operating expenses: Up 18% year-over-year
- Net income: $250 million, in line with estimates
SMCI CFO David Weigand said the company is "working to mitigate the impact of higher costs and maintain profitability."
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