- Equipment Manufacturer and Fortune 500 Tech Firm Micro Computer published a disappointing update of its financial results for the third quarter. The technical giant reported on Tuesday that it expected a lack of revenue from $ 400 million to $ 1.4 billion, and that its gross profitability decreased by 220 basic points compared to the previous quarter.
Time is money. And in Super Micro Computer undertaking. Lacking in the customer purchase She advanced some expected sales from the third quarter to the fourth, Super Micro, announced on Tuesday, sending its shares 3% during the day and more than 15% per hour.
Campaign cut Previous sales management from $ 5 billion to $ 4.5 billion to the expected range. Profit for the share also comes much lower than previous recommendations at 16 to 17 cents a stock compared to the previous recommendations from 36 to 53 cents per share. Super Micro’s profits cut 220 basic points, or 2.2 percentage points, investors said.
“During the Q3, some delayed customer platforms moved sales to Q4,” the company said. “Gaap and gross not gaap for Q3 were on 220 base points lower than Q2 First of all, because of the higher stocks that result from the older generation products and the cost of costs that allow the market to market for new products. “
This news comes when investors expect more significant impact data that may have tariffs on AI and data centers. President Trump specified on April 11 Executive order that semiconductors are released from new tariffs, but there is uncertainty and unpredictability Frightened investors Generally. Super Micro will hold a call with investors to review the results of the third quarter Next week.
The technology firm fights to restore its authority with investors after A Stormy 2024 in which the company was hit with A critical report on a short sellerhad him Auditor throwAnd then postponed the issuance of proven financial documents and was threatened with a list of Nasdaq. Exchange previously suspended Super Micro in 2018 after SEC Investigation.
Super Micro has since hired Bdo as a new auditor and announced The results of the independent investigation of the Council. The company said it was replaced by the current financial director Dave Weigand with the Head of Finance “with extensive experience, who works as a senior finance specialist in a major public campaign.”
The company has also announced that it will hire a general lawyer, expand its legal department and evaluate the curriculum surrounding “policy and practice for sales and income, including the role of accounting staff in the sale operation process.”
Meanwhile, Weigand received a 5% increase in his basic salary in 2024 financial year, ended on June 30, 2024 a proxy statement. The recommendation came from the CEO, founder and chairman Charles Leng and partly based on an analysis showing that Weigand was paid much below the market for its role, the company reports. The basic salary of the Weigan is now $ 547,000, and its bonus amounted to $ 191,000. Liang also recommended Weigand to get a $ 550,000 speech paid in combination with cash and performance. The total compensation of the financial director for 2024 was estimated at $ 9.6 million and included a grant for a $ 5.2 million option.
Lang’s compensation, which includes a salary of $ 1 and without a bonus, was estimated at $ 28 million.
In the super -mis, some directors participated in dozens of what the company called “unnecessary meetings” is likely to make decisions about leaving the auditor and watched an independent investigation. According to the proxy statement, two directors were present at 20 such unnecessary meetings; The Council pays the 2000 dollars for a meeting for each meeting, except for the usual council meeting up to 10 additional meetings.
Super Micro did not immediately respond to a comment request.
Originally this story was presented on Fortune.com
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2025-04-30 01:12:00
Amanda Gerut
