Super Micro Computer (SMCI) Stock News

A contractor for Super Micro admitted guilt in a plot to reroute servers containing Nvidia AI chips to China.

Super Micro has appointed Shesha Krishnapura to its Board of Directors.

Super Micro Computer announced that an independent investigation by its board found no evidence that current members of senior management knew about an alleged scheme to smuggle $2.5 billion in hardware containing Nvidia chips to China. The company's statement addresses a previously reported allegation but does not comment on the underlying scheme or other employees.

An unverified report says Super Micro Computer has stated there is no evidence that its previous financial statements could not be relied upon. The claim, if accurate, would counter prior accounting concerns. No official confirmation yet.

SMCI reported Q4 revenue of $11.1B (est. $11.56B) and adjusted EPS of $1.70 (est. $0.96). FY27 revenue guidance of $65B-$72B far exceeds the $52.5B consensus. Gross margin of 17.5% was flattered by one-time items. The company also issued $4.2B in mandatory convertible preferred stock, which will impact future EPS calculations.

Super Micro issues a massive sales forecast of up to $15.5B, well above Wall Street expectations.