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Super Micro stock plunges after surprise customer delays cost up to $1.4 billion in sales

Fortune LogoFortune23h ago

Super Micro stock plunges after surprise customer delays cost up to $1.4 billion in sales - Fortune

Quick Summary:

The tech giant issued a preliminary earnings announcement reporting lower-than-expected financial results.

The company said it would replace current CFO Dave Weigand for a finance chief “with extensive experience working as a senior finance professional at a large public company.

The recommendation came from CEO, founder, and chairman Charles Liang and was based in part on analysis showing Weigand was being paid well below market for his role, the company said.

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Article Details

Author / Journalist: Amanda Gerut

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 01:12:56 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 599 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 100 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28292422

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 59 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

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  • URL: https://chronographically.beamstart.com/news/super-micro-stock-plunges-after-17459769288473

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