Supermicro Files Form 10-K for Fiscal 2024 and Forms 10-Q for the First and Second Quarters of Fiscal 2025

Business Wire 25-Feb-2025 5:52 PM

With These Filings, All Outstanding Financial Statements are Now Filed with No Restatements of Previously Filed Financial Statements, and the Company has Regained Compliance with the NASDAQ Filing Requirements

Super Micro Computer, Inc. (NASDAQ:SMCI) ("Supermicro" or the "Company"), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its Quarterly Reports on Form 10-Q for the first quarter of fiscal 2025 ended September 30, 2024 and the second quarter of fiscal 2025 ended December 31, 2024.

The Company is now current with its SEC financial reporting obligations. There were no restatements of previously filed financial statements. The Company has received correspondence from the Nasdaq staff that the Company has regained compliance with the filing requirements, and the matter is now closed.

"Today's filings represent an important milestone," said Charles Liang, Founder, President, and CEO. "With our financial reporting now current, we can now fully focus on executing our proven winning growth strategy through technology, product and solution innovations, time-to-market advantage, global footprint, and green computing. We are investing extensively in people and processes across our engineering, sales, finance, accounting, compliance, and operations to achieve our great mission in DLC, Data Center Building Block Solution (Supermicro 4.0) as well as our revenue target. Supermicro is accelerating at the forefront of the AI revolution, helping our customers, partners and driving strong returns for investors."

Additional information about the Company's financial condition, results of operations and cash flows can be found in the Form 10-K and Forms 10-Q filed today with the SEC.

Cautionary Statement Regarding Forward Looking Statements

Statements contained in this press release that are not historical in fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "may," "plan," "seek," "should," "will," "would" or similar expressions and the negatives of those terms. Such forward-looking statements may relate, among other things, whether the Company will be successful in executing its growth strategy, achieve its long-term revenue targets, or drive strong returns for investors. Such forward-looking statements are based on our current beliefs, assumptions and information available to us and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied by the forward-looking statements. Additional important risks and factors related to such forward-looking statements including, but not limited to the factors contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings. Except as required by law, we assume no obligation to update these forward-looking statements as the result of new information, future events or otherwise.

About Super Micro Computer, Inc.

Supermicro (NASDAQ:SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

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Investor Relations Contact: Nicole Noutsios Stratos Advisors email: ir@supermicro.com