Super Micro Computer Inc. (SMCI) provided a business update after the market close on February 11, 2025, addressing concerns about its delayed financial filings and preliminary earnings for the second quarter. The company reported preliminary revenue for the quarter ended December 31, 2024, expected to be between $5.6 billion and $5.7 billion, falling short of Wall Street's estimates of $5.95 billion. Super Micro also revised its fiscal year 2025 revenue guidance downwards to a range of $23.5 billion to $25 billion, from a previous range of $26 billion to $30 billion. Amid these developments, SMCI confirmed it is working to meet the Nasdaq's February 25 deadline for submitting its delayed annual and quarterly reports to the SEC, following the resignation of its former auditor, Ernst & Young, due to concerns over financial reporting controls. The company has since engaged BDO as its new auditor and reported no evidence of misconduct from an internal review. Additionally, Super Micro disclosed receiving subpoenas from the Department of Justice and the SEC related to allegations made in a short seller report published in August 2024, and it is cooperating with these requests.