Super Micro Computer Inc. (NASDAQ:SMCI) shares traded lower Monday amid broader weakness in technology stocks. The Nasdaq fell 1.17%, while the S&P 500 slipped 0.38% and technology was the weakest-performing sector, down 2.1%, weighing on momentum-driven server and AI infrastructure stocks.
Investors are also reassessing Super Micro’s fiscal fourth-quarter results. The company reported adjusted earnings of $1.70 per share, topping estimates of 62 cents, but revenue of $11.12 billion fell short of the $12.33 billion estimate. Management said demand remains strong, but data center readiness issues—including power availability, liquid cooling installations and networking infrastructure—delayed some deliveries.
Investigation Finds No Senior Management Misconduct
Separately, Super Micro Computer completed an independent, board-led investigation into export-control allegations. The review found no evidence that senior management knew of the alleged diversion scheme, nor did it find evidence of direct sales to restricted parties or impact on financial statements. The company was not named as a defendant in the March indictment, which involved two former employees and a former contractor. Super Micro Computer confirmed it took personnel actions against individuals who violated company policies.
