Investing.com — Supermicro (SMCI) sent a letter to its customers and partners on Tuesday, addressing recent developments related to the company’s delayed filing of its annual report for the fiscal year ending June 30, 2024 and a report published by a short seller.
CEO Charles Liang assured stakeholders in the letter that these issues will not impact the company’s products or its ability to deliver innovative IT solutions.
Liang said Supermicro’s production capacity remains unaffected and operations are running at full capacity to meet customer demand.
“Our manufacturing capabilities are unaffected and continue to operate at pace to meet customer demand,” Liang said. “Our world-class engineering and support teams are also unaffected and continue to build and deploy large-scale AI Total Solutions.”
He highlighted the company’s continued success, particularly in the field of liquid-cooled AI Total Solutions. He noted that Supermicro shipped approximately 2,000 DLC liquid-cooled AI racks this year. This performance represents more than 75% of the market.
Regarding the delayed annual report, Liang explained that the Audit Committee of the Board of Directors has established a committee to review internal control and other matters.
However, he reassured stakeholders by stating, “We do not expect any material changes to our financial results for the fourth quarter or fiscal year 2024,” indicating confidence in the company’s financial stability.
“This is good news. I continue to have strong confidence in our financial and internal teams,” he added.
Liang also responded to Hindenburg Research’s recent short-seller report, saying it contained “false or inaccurate statements” designed to damage the company’s stock price.
He reaffirmed Supermicro’s commitment to its customers and stated that their experience remains the company’s top priority.
Looking ahead to 2025, Liang was optimistic: “As we look ahead to 2025, we are closing a historic year with winning products, record orders, a strong and growing order book with winning designs and a leading market position in a number of areas.”
He concluded his speech by thanking his customers for their continued trust and partnership, emphasizing the company’s focus on growth and innovation.
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