Summary by Futu AI
Super Micro Computer achieved record Q4 FY2024 results with revenue surging to $5.31B, up from $3.85B QoQ and $2.18B YoY. Net income reached $353M with diluted EPS of $5.51. The company's Board has approved a 10-for-1 forward stock split, expected to take effect on October 1, 2024.For the full fiscal year 2024, revenue doubled to $14.94B from $7.12B in FY2023, while net income increased to $1.21B from $640M. The company demonstrated strong growth driven by AI infrastructure demand, though gross margin declined to 11.2% in Q4 from 15.5% in Q3.Looking ahead, Super Micro provided strong guidance for Q1 FY2025 with expected revenue of $6.0B-$7.0B. The company projects full-year FY2025 revenue between $26.0B-$30.0B, reflecting continued momentum in AI infrastructure demand and expansion of manufacturing capabilities in Malaysia and Silicon Valley.