:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1249097811-f11a29d02b1e48199181deeb806cc91f.jpg "A Supermicro server cabinet seen at an event in 2023 in Germany.")
Photo by Philipp von Ditfurth / sketch alliance via Getty Images
Supermicro stock is flying.
Shares of Super Micro Computer (SMCI) were up in 21% in morning trading Wednesday to lead S&P 500 gainers, after the server maker last night marched belated financial disclosures with the SEC, beating a deadline that might have meant delisting.
In a statement last Tuesday, Supermicro said the company was back in compliance with Nasdaq listing requirements, no previously filed fiscal disclosures were restated, and “the matter is now closed.”
The morning’s rise has the shares up about 85% for the year so far, though sumptuously off highs seen about a year ago. Supermicro’s market capitalization was recently around $27 billion, according to Distinct Alpha.
The news, meanwhile, may ease some investors’ concerns about the path forward for the stock and return some extent of focus to operations; executives earlier this month offered an upbeat growth outlook for the company, targeting $40 billion of takings in 2026.