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Supermicro's CEO Expresses Confidence Amid Challenges

Supermicro's CEO Expresses Confidence Amid Challenges

Supermicro Reassures Customers and Partners

Under the leadership of CEO Charles Liang, Supermicro has proactively reached out to its customers and partners to address significant concerns. These concerns revolve around the delayed filing of its Annual Report and a report issued by a short-seller.

Company's Strong Production Capacity

CEO Liang emphasized that these recent challenges will not impede Supermicro's ability to innovate or provide high-quality IT solutions. He assured stakeholders that the company is operating at full production capacity, prepared to meet the ongoing demand from its customers.

Continued Innovation

Liang highlighted that Supermicro’s engineering and support teams remain fully operational and are actively involved in developing and deploying comprehensive AI Total Solutions. This commitment is a key feature of Supermicro's operations.

Success in AI Solutions

The company has made impressive progress with its liquid-cooled AI Total Solutions, successfully delivering around 2,000 DLC liquid-cooled AI racks this year. This impressive figure accounts for over 75% of the overall market share, demonstrating Supermicro’s strong position in this sector.

Financial Stability Assurance

Regarding the delay in the Annual Report, Liang informed stakeholders that an Audit Committee has been formed to conduct a thorough review of internal controls. He reassured them that no significant changes are expected in the financial results for the fourth quarter or fiscal year 2024, reinforcing his confidence in the company’s financial stability.

Response to Short-Seller Claims

In response to the claims made by Hindenburg Research, Liang firmly rejected the allegations, labeling them as “false or inaccurate statements.” He asserted that these claims were intended to manipulate the company's stock price.

Commitment to Customer Experience

Throughout his communications, Liang reiterated Supermicro’s steadfast commitment to customer satisfaction. He emphasized that providing a positive experience for clients is the company's highest priority.

Looking Ahead: Optimism for 2025

As he looks forward to the future, particularly for the year 2025, Liang pointed out the company’s achievements, noting that Supermicro is wrapping up a historic year marked by successful product launches, a significant volume of orders, and a strong backlog of design wins.

Gratitude and Growth Focus

In closing, CEO Liang expressed sincere gratitude to customers for their continued trust and collaboration, highlighting that Supermicro remains dedicated to growth and innovation in its industry.

Frequently Asked Questions

What recent challenges has Supermicro faced?

Supermicro is currently addressing a delayed Annual Report and responding to claims made by a short-seller.

How is Supermicro's production capacity?

Supermicro's production capabilities and engineering support are functioning effectively to meet customer demand.

What assurance did the CEO provide regarding financial stability?

CEO Liang indicated that there are no expected 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, capturing over 75% of the market share.

What is the company's outlook for 2025?

The outlook for 2025 is positive, with expectations of continued growth, innovation, and a strong backlog of orders and design wins.

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