Super Micro Filing Raises Concerns About Financial Controls

Super Micro Computer Inc. cautioned that weaknesses in its controls related to financial disclosures could, if not fixed, hurt the company’s ability to report results “in a timely and accurate manner.”

The company, which makes servers, said in its annual filing with the US Securities and Exchange Commission that it has found issues in its financial controls as of June 30. Super Micro last year missed an August 2024 deadline to file its annual financial report and its auditor, Ernst & Young LLP, resigned in October, citing concerns about the company’s governance and transparency. The company later filed the required financial statements.