Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company’s financial reporting.

Investors in server maker Super Micro continue to flee after news this week that Ernst & Young has resigned as its auditor.

The server maker disclosed it will be late with its quarterly filing in addition to its past annual one. Super Micro also said it needs additional time to find a new auditor.

AI server maker Super Micro Computer said on Wednesday it is unable to file its quarterly report on form 10-Q for the quarter ended Sept. 30, 2024 in a timely manner, amid its ongoing delay in filing an annual report.

Super Micro Computer Inc., the troubled server maker whose auditor resigned last month, delayed yet another filing as it continues to search for a new accounting firm.

Super Micro Computer (NASDAQ: SMCI) stock fell in Wednesday's trading after the company said that it would not be able to file its quarterly 10-Q report on time. The company's share price closed out the daily session down 6.

Though more research is under progress, the board-appointed special committee of the company recently finished an inquiry based on first concerns expressed by former auditor Ernst & Young. Artificial intelligence server manufacturer Super Micro said that the completion of its Q1 2025 Form 10-Q filing depends on completing the Form 10-K for the fiscal year ending June 30,

Super Micro Computer stock could be getting delisted soon. Now, investors who own the stock have to decide whether they want to continue holding the stock. Why could Super Micro get delisted? It delayed filing its 10-K for the fiscal year ended June 30,