Super Micro Computer Inc. stock may be reaching an inflection point as the deadline to report its delayed annual results fast approaches.
The artificial-intelligence server maker has until Tuesday to file its earnings reports or it faces being delisted by the Nasdaq.
Investors have waited for this for a long time -- the company originally delayed its annual report for the year ended Jun.30, 2024, in August last year. Super Micro said on Feb. 11 that it "continues to work diligently" toward filing the report and that it "believes it will make such filings" by the Feb 25. deadline set out by the Nasdaq. It's also due to report results for the fiscal quarter ended Sept. 30.
Nasdaq granted the company an extension after its former auditor Ernst & Young resigned in October saying it didn't want to be associated with Super Micro's financial statement. It has since appointed BDO as its new auditor.
Despite the risk, investors are seemingly confident in the stock. Shares are up more than 80% since the start of the year, making it the best performing stock in the S&P 500 in 2025.
The stock, trading under the ticker SMCI, was up 1% to $56.63 in premarket trading Monday.
A $40 billion revenue guide for 2026 was significantly above analysts expectations and looks to have helped the stock rebound from a low point of $18 in November last year.