Supermicro's CEO Expresses Confidence Amid Challenges
Supermicro Reassures Customers and Partners
Supermicro, under the guidance of CEO Charles Liang, has taken steps to communicate directly with its customers and partners, addressing key concerns regarding the delayed filing of its Annual Report and a report from a short-seller.
Company's Strong Production Capacity
CEO Liang made it clear that these recent challenges would not hinder Supermicro's ability to innovate or deliver top-notch IT solutions. He stated that the company's production rates are running at full throttle, ready to meet the consistent demand from its customers.
Continued Innovation
Liang emphasized that Supermicro’s engineering and support teams are not only intact but are also actively engaged in building and deploying substantial AI Total Solutions. This dedication is one of the hallmarks of Supermicro's operations.
Success in AI Solutions
The company has made remarkable strides in its liquid-cooled AI Total Solutions, successfully shipping around 2,000 DLC liquid-cooled AI racks this year. This remarkable quantity represents over 75% of the overall market share, showcasing Supermicro’s strong foothold in this sector.
Financial Stability Assurance
Concerning the delay in the Annual Report, Liang informed stakeholders that an Audit Committee has been established to thoroughly review the internal controls. Nevertheless, he assured them that there are not expected to be any significant changes in the financial results for the fourth quarter or fiscal year 2024, reinforcing his confidence in the company’s financial health.
Response to Short-Seller Claims
Addressing the short-seller claims from Hindenburg Research, Liang refuted the allegations, describing them as consisting of “false or inaccurate statements.” He asserted that these claims were designed to manipulate the company's stock price.
Commitment to Customer Experience
Throughout his correspondence, Liang reiterated Supermicro’s unwavering commitment to ensuring customer satisfaction. He stressed that delivering a positive experience for clients remains the company's utmost priority.
Looking Ahead: Optimism for 2025
As he looks toward the future, especially for the year 2025, Liang highlighted the company’s achievements, indicating that Supermicro is concluding a historic year characterized by successful products, an impressive number of orders, and a robust backlog of design wins.
Gratitude and Growth Focus
In conclusion, CEO Liang expressed heartfelt thanks to customers for their ongoing trust and collaboration, emphasizing that Supermicro stands steadfast in its focus on growth and innovation in its field.
Frequently Asked Questions
What recent challenges has Supermicro faced?
Supermicro is addressing a delayed Annual Report and responses to claims made by a short-seller.
How is Supermicro's production capacity?
Supermicro's production capabilities and engineering support are operating effectively to meet customer demand.
What assurance did the CEO provide regarding financial stability?
CEO Liang stated there are no anticipated material changes to the financial results for the upcoming fiscal year.
How many liquid-cooled AI racks has Supermicro shipped?
Supermicro has shipped approximately 2,000 DLC liquid-cooled AI racks this year, dominating over 75% of the market.
What is the company's outlook for 2025?
The outlook is positive, with expectations of continued growth, innovation, and a strong backlog of orders and design wins.
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