Supermicro said it reported net sales of $3.85 billion and net income of $402 million for the third quarter of fiscal 2024, which ended on March 31, 2024. The company said net sales were $3.66 billion and net income was $296 million in the prior quarter, and $1.28 billion and $86 million in the same quarter last year. Wait.

1. 01

   Supermicro said it reported net sales of $3.85 billion and net income of $402 million for the third quarter of fiscal 2024, which ended on March 31, 2024. The company said net sales were $3.66 billion and net income was $296 million in the prior quarter, and $1.28 billion and $86 million in the same quarter last year. Wait.

2. 02

   The company said gross margin for Q3 was 15.5%, compared with 15.4% in the previous quarter and 17.6% in the same quarter a year earlier. Diluted net income per share was $6.56, and non-GAAP diluted net income per share was $6.65.

3. 03

   Super Micro said cash used in operating activities for Q3 was $1,520 million, and capital expenditures were $93 million. As of March 31, 2024, cash and cash equivalents totaled $2,115 million, and total bank debt and convertible notes were $1,863 million.

4. 04

   The company said it is raising its full-year 2024 revenue outlook from $14.3 billion to $14.7 billion to a new range of $14.7 billion to $15.1 billion. It expects net sales for the fourth quarter ended June 30 of $5.1 billion to $5.5 billion, as Q4 is the quarter in question.

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Original filing

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