Super Micro “believes” it will stay listed on the Nasdaq, taking the sting out of bad guidance

Let’s start with the bad news: Super Micro Computer posted preliminary financial information for the final three months of 2024 that was considerably weaker than Wall Street anticipated. The server company now sees adjusted earnings per share of $0.58 to $0.60 (previous guidance $0.56 to $0.65; consensus $0.64) on softer-than-expected sales of between $5.6 billion and $5.7 billion (previous guidance $5.5 billion to $6.1 billion; consensus $5.8 billion). Its outlook was also dour, with guidance being cut for the coming quarters, though it expects punchy sales growth in its fiscal 2026, which begins in July.

The good news is that management “continues to work diligently” to file annual and quarterly reports that are well past due and “believes” these will be completed by February 25 in order to avoid being delisted on the Nasdaq. And that seems to be carrying the day, for traders.

Shares are higher in after-hours trading after taking a drubbing during the session.