Supermicro reports record Q1 FY2023 revenue of $1.85B, EPS $3.35; raises FY2023 guidance

Super Micro Computer, Inc.

2023-Q1 EPS reported $3.35 revenue$1,852,130,000

Q1 net sales $1.85B, +79% YoY; GAAP diluted EPS $3.35 vs $0.48; non-GAAP diluted EPS $3.42 vs $0.58.
Gross margin 18.8% vs 13.4% YoY; operating cash flow $314M.
Q2 FY2023 guidance: net sales $1.7B–$1.8B, GAAP EPS $2.54–$2.81, non-GAAP EPS $2.64–$2.90.
FY2023 raised guidance: net sales $6.5B–$7.5B (from $6.2B–$7.0B), GAAP EPS $8.50–$11.00 (from at least $7.27).
7th consecutive quarter of accelerating YoY growth; demand driven by AI/ML, cloud, and 5G/Edge.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Super Micro Computer, Inc. reported first quarter of fiscal year 2023 ended September 30, 2022 results: revenue $1.85 billion, net income $184 million, EPS $3.35. Guidance raised.

Period: first quarter of fiscal year 2023 ended September 30, 2022
Revenue: $1.85 billion
Net income: $184 million
EPS: $3.35
Guidance: raised
Result: reported results

Exact text from the filing

Supermicro (Nasdaq: SMCI) , a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, today announced financial results for its first quarter of fiscal year 2023 ended September 30, 2022. First Quarter Fiscal Year 2023 Highlights • Net sales of $1.85 billion versus $1.64 billion in the fourth quarter of fiscal year 2022 and $1.03 billion in the same quarter of last year. • Gross margin of 18.8% versus 17.6% in the fourth quarter of fiscal year 2022 and 13.4% in the same quarter of last year. • Net income of $184 million versus $141 million in the fourth quarter of fiscal year 2022 and $25 million in the same quarter of last year. • Diluted net income per common share of $3.35 versus $2.60 in the fourth quarter of fiscal year 2022 and $0.48 in the same quarter of last year.

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Source: SEC EDGAR

accession 0001375365-22-000115

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