On November 5, 2024, Super Micro Computer, Inc. released preliminary financial results for the first quarter of fiscal year 2025, which ended on September 30, 2024. The company reported net sales between $5.9 billion and $6.0 billion, falling short of its earlier projection of $6.0 billion to $7.0 billion. Both GAAP and non-GAAP gross margins were approximately 13.3%, with GAAP diluted net income per share ranging from $0.68 to $0.70, and non-GAAP diluted net income per share between $0.75 and $0.76. These figures reflect adjustments for stock-based compensation expenses. Super Micro Computer also disclosed its cash and debt positions, with about $2.1 billion in cash and $2.3 billion in total debt. Looking ahead, the company anticipates net sales for the second quarter of fiscal year 2025 to be between $5.5 billion and $6.1 billion. Additionally, the...Show More

On November 5, 2024, Super Micro Computer, Inc. released preliminary financial results for the first quarter of fiscal year 2025, which ended on September 30, 2024. The company reported net sales between $5.9 billion and $6.0 billion, falling short of its earlier projection of $6.0 billion to $7.0 billion. Both GAAP and non-GAAP gross margins were approximately 13.3%, with GAAP diluted net income per share ranging from $0.68 to $0.70, and non-GAAP diluted net income per share between $0.75 and $0.76. These figures reflect adjustments for stock-based compensation expenses. Super Micro Computer also disclosed its cash and debt positions, with about $2.1 billion in cash and $2.3 billion in total debt. Looking ahead, the company anticipates net sales for the second quarter of fiscal year 2025 to be between $5.5 billion and $6.1 billion. Additionally, the company has completed a material definitive agreement by prepaying and terminating its obligations under a Term Loan Credit Agreement with Bank of America. Furthermore, an independent Special Committee has concluded its investigation into initial concerns raised by EY, finding no evidence of fraud or misconduct by management or the Board and recommending measures to strengthen internal governance. The company is also addressing compliance issues with Nasdaq listing rules due to delays in filing its Form 10-K, which was due on August 29, 2024, and is working on a plan to regain compliance.