Form 8-K · Current Report · Filed 2024-11-05
Super Micro Computer Terminates Credit Agreement and Announces Preliminary Q1 FY 2025 Results
Super Micro Computer, Inc. terminated its Term Loan Credit Agreement and announced preliminary financial results for Q1 FY 2025. The company reported net sales of $5.9-6.0 billion, GAAP diluted net income per share of $0.68-0.70, and non-GAAP diluted net income per share of $0.75-0.76. The independent Special Committee completed its investigation, finding no evidence of fraud or misconduct, and recommended remedial measures for the company. Super Micro continues to work on its delayed Form 10-K filing and compliance with Nasdaq listing rules.
- Filer
- Super Micro Computer, Inc. SMCI · NASDAQ
- Filed
- Accession
- 0001375365-24-000038
- CIK
- 0001375365
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Termination of a Material Definitive Agreement
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$26.03
Next session
-12.8%
Since filing
+9.1%
Latest close
$28.40
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SMCI reporting the same item, with the next session's move:
Exhibits (1)
About Super Micro Computer, Inc.
Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.
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