03:27 PM EDT, 08/29/2025 (MT Newswires) -- Super Micro Computer ( SMCI ) shares fell 5.4% in recent Friday trading, a day after the company "identified material weaknesses in our internal control over financial reporting," which may "adversely affect our ability to report our financial condition and results of operations" on time.

"While we have initiated remediation measures to address the identified material weaknesses, we cannot provide assurance that our remediation efforts will be adequate to allow us to conclude that such controls will be effective in the future," the company said Thursday in a regulatory filing.

The company had cited similar concerns in a February filing.

"Our disclosure controls and procedures were not effective as of June 30," the company said Thursday.

Price: 41.59, Change: -2.38, Percent Change: -5.41