As of the manuscript, the stock fell more than 3%, closing at $25.3.
According to Securities Times app, on Monday, SMCI.US's stock price continued to fall, dropping more than 3% as of the manuscript, closing at $25.3. The company will release the financial performance for the first quarter of the 2025 fiscal year on November 5th. The market expects the company's Q1 revenue to be $6.453 billion, a year-on-year increase of 204.43%; with an EPS of $0.68, a year-on-year increase of 146.69%.
Earlier reports indicated that the company's auditing firm Ernst & Young LLP has resigned, stating that they cannot rely on the financial data provided by the management and audit committee. As early as August this year, the well-known short-selling institution Muddy Waters Research accused the company of 'accounting manipulation' and other suspicious activities.
