On August 6, 2024, Super Micro Computer, Inc. released its financial results for the fourth quarter and the fiscal year ended June 30, 2024. The company reported a significant increase in net sales, reaching $5.31 billion for the quarter, compared to $3.85 billion in the previous quarter and $2.18 billion in the same quarter of the previous year. Despite the increase in sales, gross margin declined to 11.2% from 15.5% in the third quarter and 17.0% in the same quarter of the previous year. Net income for the quarter was $353 million, down from $402 million in the third quarter but up from $194 million in the same quarter of the previous year. The diluted net income per common share was $5.51, compared to $6.56 in the third quarter and $3.43 in the same quarter of...Show More

On August 6, 2024, Super Micro Computer, Inc. released its financial results for the fourth quarter and the fiscal year ended June 30, 2024. The company reported a significant increase in net sales, reaching $5.31 billion for the quarter, compared to $3.85 billion in the previous quarter and $2.18 billion in the same quarter of the previous year. Despite the increase in sales, gross margin declined to 11.2% from 15.5% in the third quarter and 17.0% in the same quarter of the previous year. Net income for the quarter was $353 million, down from $402 million in the third quarter but up from $194 million in the same quarter of the previous year. The diluted net income per common share was $5.51, compared to $6.56 in the third quarter and $3.43 in the same quarter of the previous year. The company also announced a 10-for-1 forward stock split, expected to take effect after trading closes on September 30, 2024, with trading on a split-adjusted basis beginning on October 1, 2024. For the full fiscal year, net sales were $14.94 billion, and net income was $1.21 billion, or $20.09 per diluted share. The company provided a positive business outlook for the first quarter of fiscal year 2025, with projected net sales of $6.0 billion to $7.0 billion and GAAP net income per diluted share of $5.97 to $7.66. The company's CEO, Charles Liang, expressed confidence in Supermicro's position to become a leading IT infrastructure company, citing strong demand for AI infrastructures and strategic investments in Malaysia and Silicon Valley.