[News] Supermicro’s Financial Results Reveal Profit Shortfall and Response to NVIDIA Delay Concerns

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Super Micro Computer, Inc. (Supermicro), a provider of servers and storage solutions, released its financial results for the fourth quarter of the fiscal year 2024 (ending June 30, 2024) on August 6. The revenue increased by 143.6% year-over-year (37.9% quarter-over-quarter) to USD 5.31 billion. The Non-GAAP diluted earnings per share (EPS) rose by 78.1% year-over-year (decreased by 6% quarter-over-quarter) to $6.25.

Supermicro forecasts that for the first quarter of the fiscal year 2025 (ending September 30, 2024), revenue will be between USD 6 billion and 7 billion (midpoint of USD 6.5 billion), and the Non-GAAP diluted EPS is expected to be between $6.69 and $8.27 (midpoint of $7.48).

Additionally, for the fiscal year 2025 (ending June 30, 2025), revenue is projected to be between USD 26 billion and 30 billion (midpoint of USD 28 billion). A report from MoneyDJ further cite sources, indicating that Supermicro’s fiscal year 2025 revenue is expected to reach USD 23.4 billion.

According to the Q4 financial report for the fiscal year 2024 released by Supermicro, the gross margin decreased from 17.0% in the same period last year to 11.2%, the lowest since the company started reporting quarterly results in May 2007 , and below the 15.5% reported in the third quarter of the fiscal year 2024.

Per wccftech’s report, the Super Micro earnings call marked the first opportunity to engage with a company integrated into NVIDIA’s AI ecosystem. Consequently, the company’s management faced numerous questions about potential GPU delays impacting its financial performance.

In response, Charles Liang, Supermicro’s Chief Executive Officer and Chairman of the Board, acknowledged that his company had heard about potential delays from NVIDIA.

However, he emphasized that Supermicro considers such delays as a normal possibility, noting that technology companies often experience slight advancements or postponements in their schedules.

In this instance, it seemed to Liang that NVIDIA had pushed out its timeline slightly, which he stated would not impact Supermicro’s ability to offer its customers new solutions like the H200 cooling system, given their extensive customer base. He concluded by saying that the overall impact of this delay on Supermicro should be minimal.

Read more

• [News] Foxconn Remains Unfazed Despite NVIDIA’s GB200 Delay, with Customers Aim to Secure Their Orders
• [News] Supermicro President Charles Liang Bullish on Direct Liquid Cooling, Targeting a 15% Market Share within Next Year

(Photo credit: Supermicro)