- Manufacturer of devices and Fortune 500 Tech Super Micro Computer It issued a disappointing update on its financial results in the third quarter. The giant technology company said on Tuesday that it expects a shortage of revenue from anywhere from 400 million dollars to $ 1.4 billion, and that its total profit margins decreased by 220 basis points compared to the previous quarter.
Time is money. And in a super small computer issueCustomers need more time to make decisions about technology platforms or server formations for purchase. Delay in the customer buying Super Micro announced on Tuesday, as it paid some expected sales from the third to the fourth.
Company I cut off Previous sales directives from $ 5 billion to $ 6 billion down to an expected range of 4.5 billion dollars to $ 4.6 billion. The stock profits also come much less than the previous directions at 16 to 17 cents per share for the previous router from 36 to 53 cents per share. The company said to the Super Micro profit tasks 220 basis points, or 2.2 percentage points.
“During the third quarter, some decisions of the customer platform were transferred to the fourth quarter,” the company said in a statement. “The total margin in GAAP and GAAP for Q3 was less than 220 basis points from Q2 This is primarily due to the high inventory reserves caused by the products of the oldest generation and the speed of costs to enable the market time for new products. “
The news comes at a time when investors are waiting for more feasible data about the impact of definitions on artificial intelligence companies and data centers. President Trump explained on April 11 Executive order The semi -conductors are exempt from the new definitions, but the uncertainty that waves on the horizon and the inability to predict Mehsian investors generally. Super Micro will hold a profit call with investors to review the results of the third quarter next week.
The technology company was fighting to restore its credibility with investors after a Tumor 2024 Where the company was affected by Next seller report, criticalking that it The auditor resignedThen the issuance of the audited financial deposits was delayed and it was threatening With deleted from Nasdak. The high stock exchange was suspended in 2018 after SEC investigation.
Since then I rented Super Micro BDO As a new auditor for her and Declare Results of an independent investigation led by the Board of Directors. The company said that it will replace the current financial manager, Dave Wigand, to the President of Mali “with extensive experience in work as a large financial professional in a large public company.”
The company also announced that it will rent a general advisor, expand its legal scope and evaluate training programs on “revenue recognition policies and practices, including the role of employees accountable in the sales transactions process.”
Meanwhile, Weigand got a 5 % increase for its basic hierarchy in the 2024 fiscal year, which ended on June 30, 2024, told Super Micro in it. Agent statement. The company said that the recommendation came from the CEO, founder and President Charles Liang, and was partially based on the analysis that it shows that Wignd was receiving a much less than the market for its role. The basic salary of Weigan is now $ 547,000, and its reward has been recorded 191,000 dollars. Liang also recommended Weigand to receive a $ 550,000 performance prize, driven in a mixture of cash and performance shares. The value of the total compensation of the financial manager, the financial manager, was soon for 2024 $ 9.6 million, and included a option grant of $ 5.2 million.
The value of Liang compensation, which includes one dollar salary and a non -reward, amounted to $ 28 million.
The Super Micro Council has witnessed some directors attending dozens of what the company called “excessive meetings”, which are likely to make decisions regarding the departure of the auditor and supervising the independent investigation. According to the agent statement, two of this 20 exit attended excessive meetings; The board of directors pays the directors 2000 dollars for each meeting in addition to a regular board meeting up to 10 additional meetings.
Super Micro immediately did not respond to the comment.
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