share_log

Super Micro Computer | 8-K: Supermicro Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results

SEC ·  Aug 7, 2024 04:30

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.
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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.