The company said net sales for the quarter ended December 31, 2023 were $3.66 billion, compared with $2.12 billion in the prior quarter and $1.80 billion a year earlier, and net income was $296 million.

1. 01

   The company said net sales for the quarter ended December 31, 2023 were $3.66 billion, compared with $2.12 billion in the prior quarter and $1.80 billion a year earlier, and net income was $296 million.

2. 02

   Supermicro said gross margin for the same quarter was 15.4%, compared with 16.7% in the prior quarter and 18.7% a year earlier. It said diluted net income per share was $5.10 and non-GAAP diluted net income per share was $5.59.

3. 03

   The company said net cash used in operating activities for fiscal 2024 through Q2 was $595 million, and capital expenditures were $15 million. It also said cash and cash equivalents as of December 31, 2023 were $726 million, and total bank debt was $376 million.

4. 04

   The company said it raised its fiscal 2024 revenue guidance, for the year ending June 30, 2024, to $14.3 billion to $14.7 billion from $10 billion to $11 billion. It also said it expects net sales for the quarter ending March 31, 2024 of $3.7 billion to $4.1 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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