Supermicro Q2 FY2024 revenue $3.66B (+103% YoY); FY2024 guidance raised to $14.3-14.7B

Super Micro Computer, Inc.

2024-Q2 EPS reported $7.86 revenue$5,784,596,000

Revenue $3.66B vs $1.80B YoY (+103%); GAAP diluted EPS $5.10 vs $3.14 YoY; non-GAAP EPS $5.59 vs $3.26 YoY.
Gross margin 15.4% vs 18.7% YoY, down 330bps; GAAP net income $296M vs $176M YoY.
FY2024 revenue guidance raised to $14.3-14.7B (prior $10-11B); Q3 FY2024 revenue guidance $3.7-4.1B.
Q3 FY2024 GAAP EPS guide $4.79-5.64, non-GAAP $5.20-6.01; tax rate ~13.8% GAAP.
Cash $726M, total bank debt $376M; operating cash flow used $595M in Q2.

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 0.9

Super Micro Computer, Inc. reported second quarter of fiscal year 2024 ended December 31, 2023 results: revenue $3.66 billion, net income $296 million, EPS $5.10. Guidance raised.

Period: second quarter of fiscal year 2024 ended December 31, 2023
Revenue: $3.66 billion
Net income: $296 million
EPS: $5.10
Guidance: raised
Result: reported results

Exact text from the filing

Second Quarter Fiscal Year 2024 Highlights • Net sales of $3.66 billion versus $2.12 billion in the first quarter of fiscal year 2024 and $1.80 billion in the same quarter of last year. • Gross margin of 15.4% versus 16.7% in the first quarter of fiscal year 2024 and 18.7% in the same quarter of last year. • Net income of $296 million versus $157 million in the first quarter of fiscal year 2024 and $176 million in the same quarter of last year. • Diluted net income per common share of $5.10 versus $2.75 in the first quarter of fiscal year 2024 and $3.14 in the same quarter of last year. • Non-GAAP diluted net income per common share of $5.59 versus $3.43 in the first quarter of fiscal year 2024 and $3.26 in the same quarter of last year.

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