Supermicro said net income for the 3 months ended December 31, 2024 was $320.6 million, compared with $296.0 million in the prior-year period, and net sales for the same period increased 54.9% from the prior-year period.

1. 01

   Supermicro said net income for the 3 months ended December 31, 2024 was $320.6 million, compared with $296.0 million in the prior-year period, and net sales for the same period increased 54.9% from the prior-year period.

2. 02

   The company said gross margin for the 3 months ended December 31, 2024 declined to 11.8% from 15.4% in the prior-year period, and operating expenses were 5.3% of net sales, compared with 5.3% in the prior-year period.

3. 03

   Supermicro cited competitive pricing to gain market share, increased competition and a change in product and customer mix as factors in the gross margin decline.

4. 04

   The company said operating cash flow for the 6 months ended December 31, 2024 increased $493.7 million from the prior-year period, and cited an increase in net income of $292.0 million and an increase in working capital of $179.6 million as key factors.

Key figures

Quarter ended December 31, 2024

Revenue

$5.7B

Operating income

$369M

Net income

$321M

EPS

$0.51

Gross profit

$670M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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