Super Micro Computer Inc. (SMCI) saw a significant drop in its stock price, falling around 14% in after-hours trading due to a sales forecast that fell short of analysts' expectations.

The company has also faced challenges in submitting its official financial statements for the previous fiscal year, missing an August deadline. The situation worsened when Ernst & Young LLP, the company's auditor, resigned last week, citing concerns about Super Micro's governance and transparency.

However, a special board committee's investigation into the accounting matters found no evidence of fraud or misconduct by management or the board of directors, according to a statement from Super Micro.