Welcome to our dedicated page for Super Micro Computer news (Ticker: SMCI), a resource for investors and traders seeking the latest updates and insights on Super Micro Computer stock.
Super Micro Computer, Inc. (NASDAQ: SMCI), known as Supermicro, is a global leader in high-performance, high-efficiency server technology and innovation. Based in San Jose, California, the company is dedicated to developing and providing end-to-end green computing solutions for diverse markets including data centers, cloud computing, enterprise IT, big data, high-performance computing (HPC), and embedded applications.
Supermicro's product portfolio ranges widely, from complete server, storage, blade, and workstation systems to full racks, networking devices, server management software, and technology support services. The company's modular architectural approach offers a high degree of flexibility and customization, enabling customers to choose from a broad array of server configurations to meet their specific computing needs.
The company’s solutions are designed to deliver high levels of reliability, quality, and scalability. This allows Supermicro’s clients to achieve significant improvements in computing performance, density, thermal management, and power efficiency, ultimately lowering their overall total cost of ownership (TCO) and environmental impact.
Supermicro's innovative approach is highlighted through their Server Building Block Solutions®, which offers a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions. This flexible, reusable design methodology supports a wide range of applications, from cloud to edge computing.
Some of the company's recent achievements include the launch of new IoT and embedded systems designed for enhanced performance and increased power efficiency, the introduction of the X14 server portfolio with Intel® Xeon® 6 processors, and partnerships with industry giants like Intel, Foxconn, and NVIDIA for new AI data center projects.
Supermicro continues to lead the industry by pushing the boundaries of generative AI technologies and providing innovative, energy-efficient solutions. Their latest offerings, such as the SYS-E100, SYS-E102, SYS-E111AD, and SYS-E403 servers, feature the latest Intel Atom and Intel Core CPUs, are optimized for edge applications, and are designed for demanding workloads where massive amounts of data are generated.
Committed to green computing, Supermicro designs and manufactures its products in-house across facilities in the US, Taiwan, and the Netherlands. This global operational strategy ensures scalability and efficiency, optimizing both performance and environmental sustainability.
With a strong focus on customer satisfaction, Supermicro supports open industry standards and provides extensive customization options, ensuring that enterprises of all sizes can find the right solutions for their IT infrastructure needs.
Supermicro is previewing new X14 server platforms designed for AI, HPC, and critical enterprise workloads. These systems feature significant upgrades, including support for 256 performance cores in a single node, MRDIMMs at 8800MT/s, and compatibility with next-generation GPUs. The new platforms offer unprecedented performance and advanced features, with Supermicro ready to deliver high-performance solutions at rack-scale with comprehensive direct-to-chip liquid cooling and total rack integration services. The company has a global manufacturing capacity of up to 5,000 racks per month, including 1,350 liquid-cooled racks.
Bronstein, Gewirtz and Grossman, has launched an investigation into Super Micro Computer, Inc. (NASDAQ:SMCI) following a report by Hindenburg Research. The report, published on August 27, 2024, alleged accounting manipulation, undisclosed related party transactions, and potential sanctions violations at Super Micro. These claims resulted in a 2.64% drop in Super Micro's stock price, closing at $547.64 per share.
The law firm is encouraging investors who purchased Super Micro securities to participate in the investigation. They offer representation on a contingency fee basis, meaning fees are only charged if the case is successful. Investors can contact the firm for more information or to assist with the investigation.
Super Micro Computer (NASDAQ: SMCI) has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The company expects to file a Notification of Late Filing on Form 12b-25 on August 30, 2024. SMCI cites the need for additional time for management to complete its assessment of internal controls over financial reporting as of June 30, 2024. The company has not made any updates to its previously announced results for the fiscal year and quarter ended June 30, 2024, which were released on August 6, 2024. This delay suggests potential challenges in SMCI's financial reporting processes.
Supermicro (Nasdaq: SMCI) has appointed Susie Giordano to its board of directors. Giordano brings over 25 years of experience advising executive management and board directors on various topics, including strategy, compliance, and corporate governance. She previously worked at Intel for about 11 years, serving as interim general counsel and holding roles at Intel Capital. Giordano's extensive background includes positions at Deal Fusion, Sun Microsystems, and Aeris IoT SaaS.
Charles Liang, Supermicro's Board Chairman, expressed excitement about Giordano's appointment, highlighting her extensive executive management experience in large technology companies. Giordano's expertise spans areas such as M&A, securities, shareholder engagement, and treasury matters. Her diverse experience is expected to contribute to Supermicro's future growth.
Supermicro (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, has announced its participation in four upcoming investor events. These include:
- Rosenblatt 4th Annual Virtual Tech Summit on August 19, 2024 (virtual, 1x1's only)
- Deutsche Bank 2024 Technology Conference on August 28, 2024 in Dana Point, CA (1x1's only)
- Citi's 2024 Global TMT Conference on September 4, 2024 in New York, NY (Fireside chat at 8:20 am ET)
- Goldman Sachs Communacopia + Technology Conference on September 9, 2024 in San Francisco, CA (Fireside chat at 3:05 pm PT)
These events provide opportunities for investors to engage with Supermicro and gain insights into the company's strategies and performance.
Supermicro (SMCI) announces its 5th Annual Open Storage Summit '24, starting August 13, 2024. This virtual event features 7 sessions with 17 leading storage technology partners and 30 speakers, discussing best practices and new developments in storage for AI, CSP, HPC, HCI, and other workloads. The summit spans three weeks, from August 13 to August 29, covering topics such as AI data pipelines, media storage workflows, hyperconverged infrastructure, hyperscale AI, storage architecture decisions, high-performance computing, and CXL technology. Participants include industry leaders like NVIDIA, AMD, Intel, Nutanix, Micron, and others, focusing on addressing today's top storage-related challenges and emerging technologies.
Supermicro (NASDAQ: SMCI) reported strong financial results for Q4 and full fiscal year 2024. Q4 highlights include:
- Net sales of $5.31 billion, up from $3.85 billion in Q3 and $2.18 billion year-over-year
- Gross margin of 11.2%, down from 15.5% in Q3 and 17.0% year-over-year
- Net income of $353 million, down from $402 million in Q3 but up from $194 million year-over-year
- Diluted EPS of $5.51, down from $6.56 in Q3 but up from $3.43 year-over-year
For fiscal year 2024, net sales reached $14.94 billion, a 110% increase year-over-year. The company announced a 10-for-1 stock split effective October 1, 2024. Supermicro expects Q1 FY2025 net sales between $6.0-$7.0 billion and projects FY2025 net sales of $26.0-$30.0 billion.
Supermicro (NASDAQ: SMCI) has launched a new SuperCluster for NVIDIA Omniverse, expanding its AI infrastructure solutions. This plug-and-play system features up to 256 NVIDIA L40S PCIe GPUs per scalable unit, optimized for large-scale 3D and AI workloads. The SuperCluster is built on Supermicro's NVIDIA OVX systems, offering high performance and scalability for enterprises.
Key features include:
- Fully interconnected 4U PCIe GPU NVIDIA-Certified Systems
- 400Gb/s high-performance network fabric
- Customizable configurations from 4 GPUs to 256 GPUs
- Support for NVIDIA Spectrum-X Ethernet
- Validated rack solutions tested at L12 level
The SuperCluster aims to simplify deployment of scale-out infrastructure for combined 3D and AI workloads, catering to professionals in product design, industrial digital twins, and other compute-intensive 3D applications.
Super Micro Computer (Nasdaq: SMCI), a leading IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced it will release its fiscal 2024 fourth quarter and full year financial results on August 6, 2024. The results will be discussed in a live audio webcast at 5:00 p.m. ET / 2:00 p.m. PT, accessible at Supermicro's Investor Relations website. A replay of the webcast will be available shortly after the call and accessible for one year.
Supermicro (NASDAQ: SMCI) has been selected to join the prestigious Nasdaq 100 Index, a significant milestone recognizing the company's innovation, growth, and market capitalization. This inclusion underscores Supermicro's impact in the AI, Cloud, Storage, and 5G/Edge sectors.
Key highlights:
- Supermicro recently joined the S&P 500
- The company has seen explosive revenue growth year-over-year
- Continuous investment in technology and customer-centric solutions
- Expansion of manufacturing facilities to meet growing demand
- Leading DLC solutions aim to grow market share from 1% to 30% in one year
CEO Charles Liang emphasized the company's focus on first-to-market innovation, green computing, leading the emerging AI market, and sustainable growth while creating long-term shareholder value.
FAQ
What is the current stock price of Super Micro Computer (SMCI)?
What is the market cap of Super Micro Computer (SMCI)?
What does Super Micro Computer, Inc. specialize in?
What are the key products and services offered by Supermicro?
How does Supermicro's modular architectural approach benefit customers?
What recent achievements has Supermicro made?
What is the focus of Supermicro's new product offerings?
Where are Supermicro's products designed and manufactured?
What are Server Building Block Solutions®?
How does Supermicro contribute to green computing?
What open industry standards does Supermicro support?
Who are some of Supermicro’s notable partners?
