Super Micro Computer faces financial challenges, allegations, and delayed annual report but shows revenue growth and potential for risk-tolerant investors.
Super Micro Computer (SMCI) has encountered challenges, including disappointing financial results, accounting allegations, and a delayed annual report. Despite this, the company has seen revenue growth from $7.1 billion in fiscal 2023 to $14.9 billion in 2024, with expectations of $26-$30 billion for fiscal 2025. Analysts predict a 62% annual earnings growth over five years, making it a potential buy for risk-tolerant investors, while cautioning risk-averse investors.
September 21, 2024
4 Articles