UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33383 Super Micro Computer, Inc. (Exact name of registrant as specified in its charter) _________________________________________________________________________ De ...

It’s been a difficult month for Super Micro Computer (NASDAQ:SMCI), but one analyst thinks it will rebound. The IT company has surged almost 200% over the past six months, enjoying momentum generated by the artificial intelligence (AI) boom. But last month, the heat started to cool, and SMCI stock fell.This led to speculation that the company was overvalued and that it got too hot too fast. Shares are struggling today amid volatile market conditions, continuing the turbulent trend that the company has exper ...

Strong quarterly results weren't enough to support the stock's recent remarkable gains.The past year has seen an extraordinary run for high-end server and storage solution specialist Super Micro Computer (SMCI -15.81%), also known as Supermicro. Prior to the company's latest quarterly report, which it released after the market close on Tuesday, the stock had gained more than 700% over the past year, driven higher by accelerating demand for artificial intelligence (AI) systems and the hardware to power them. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The Super Micro Computer logo is seen on a smartphone screen.Super Micro Computer shares plunged 18% on Wednesday morning after the server company upped its top-line guidance but reported third-quarter revenue that slightly missed estimates.The company on Tuesday posted revenue of $3.85 billion, below the $3.95 billion expected by analysts surveyed by LSEG. Adjusted earnings of $6.65 per share surpassed the $5.78 in earnings per share analysts anticipated.Super Micro hiked its fiscal 2024 revenue forecast t ...

Super Micro Computer (NASDAQ:SMCI) missed its revenue estimate slightly, sending SMCI stock down 10% in pre-market trading.Net income of $492 million, $6.56 per share fully diluted, and revenue of $3.85 billion weren’t good enough. Analysts wanted $3.86 billion in sales.Super Micro was due to open this morning at $775 per share, a market capitalization of about $45 billion. SMCI stock was trading for over $900 per share early yesterday.Balloon Pops?Even though SMCI CEO Charles Liang insisted that the busine ...

Financial Data and Key Metrics Changes - Fiscal Q3 2024 revenues were $3.85 billion, up 200% year-over-year and 5% quarter-over-quarter [3][26] - Non-GAAP earnings per share for Q3 were $6.65, representing over 308% year-over-year growth [26][81] - Non-GAAP gross margin was 15.6%, slightly up from 15.5% quarter-over-quarter [31] - Operating expenses on a GAAP basis increased by 14% quarter-over-quarter and 72% year-over-year to $219 million [53] Business Line Data and Key Metrics Changes - Server and Storage Systems comprised 96% of Q3 revenue, while Subsystems and Accessories represented 4% [30] - Enterprise/channel vertical revenues were $1.88 billion, representing 49% of revenues, up 190% year-over-year [51] - OEM appliance and large data center vertical revenues were $1.94 billion, representing 50% of revenues, up 222% year-over-year [51] Market Data and Key Metrics Changes - U.S. represented 70% of Q3 revenues, Asia 20%, Europe 7%, and Rest of World 3% [52] - Year-over-year revenue increases: U.S. up 242%, Asia up 257%, Europe up 30%, Rest of World up 87% [52] Company Strategy and Development Direction - The company is focused on significant investments in production, operation, management software, and customer service to sustain rapid growth [2] - The company aims to lead the AI revolution by deploying NVIDIA HGX H100 SuperCluster solutions and developing new generative AI systems [27][46] - The company is preparing to produce over 2,000 liquid cooling racks per month to meet increasing demand [28] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about continued AI growth for many quarters to come [2] - The company expects strong growth in Q4 as the supply chain improves with new customer design wins [34] - Management indicated that the rapid growth is raising complexity in scaling capacity but is confident in overcoming these challenges [28] Other Important Information - The company raised $3.28 billion through a convertible note and secondary equity offering to support growth [2] - The cash conversion cycle was 96 days, with days of inventory increasing to 92 days due to key component purchases [55][122] - The company expects Q4 net sales in the range of $5.1 billion to $5.5 billion [34] Q&A Session Summary Question: Can you provide more color on share gains related to new solutions? - Management indicated that they are gaining market share, especially with their rack-scale plug-and-play solutions that reduce lead time for customers [5][59] Question: What is the trajectory of inventory as supply comes on? - Management explained that inventory increased due to preparing for strong revenue growth in Q4 and the need for liquid cooling systems [6][100] Question: Can you clarify the 21% customer mentioned in the prepared remarks? - Management confirmed that the 21% customer was the same as last quarter, and they are transitioning to identify customers A, B, and C for clarity [15][64] Question: What are the expectations for gross margins in the coming quarters? - Management stated that while they aim for a gross margin range of 14% to 17%, they may need to be aggressive in pricing to gain market share [62][71] Question: How is the company preparing for cash usage expectations? - Management indicated that the proceeds from recent capital raises are primarily allocated for Q4 shipments and to support growth [80][112]

Key TakeawaysSuper Micro Computer shares tumbled in after-hours trading Tuesday after the server and data storage provider reported revenue that missed analysts' expectations despite more than doubling from the year-ago period. Net income and diluted earnings per share beat expectations, and Super Micro Computer raised its full-year revenue guidance, anticipating growth in demand for artificial intelligence.Super Micro Computer has been a beneficiary of the AI boom, with its stock more than tripling in valu ...

Super Micro Computer (SMCI) came out with quarterly earnings of $6.65 per share, beating the Zacks Consensus Estimate of $5.78 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was expected that this server technology company would post earnings of $5.48 per share when it actually produced earnings of $5.59, delivering a surprise of 2.01%.Over the last four ...

Q3 FY2024 HIGHLIGHTS 91% 93% 93% 94% 96% 9% 7% 7% 6% 4% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 116 15 Better Faster Greener © 2024 Supermicro Preferred Networks® Case Study Q3FY24 Revenue Mix By Geography 17.7% 17.1% 17.0% 15.5% 15.6% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 A reconciliation of GAAP to non-GAAP measures can be found in the appendix of this presentation. **The outlook for the full fiscal year 2024 GAAP diluted net income per common share includes approximately $116 million in expected stock-based comp ...