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Form 8-K · Current Report · Filed 2024-01-18

Super Micro Computer, Inc. Exceeds Preliminary Financial Guidance for Q2 FY 2024

Super Micro Computer, Inc. announced preliminary financial results for Q2 FY 2024, projecting net sales between $3.6B and $3.65B, and GAAP diluted net income per share between $4.90 and $5.05. This exceeds the prior guidance of $2.7B to $2.9B for net sales and $3.75 to $4.24 for GAAP diluted net income per share. The company expects to report non-GAAP diluted net income per share between $5.40 and $5.55, surpassing the previous guidance of $4.40 to $4.88. A conference call to review these results is scheduled for January 29, 2024.

Filer
Super Micro Computer, Inc. SMCI · NASDAQ
Filed
Accession
0001375365-24-000002
CIK
0001375365
Signal
Medium impactTechnology

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$31.82

Next session

+33.0%

Since filing

-10.8%

Latest close

$28.40

What happened, not what will happen — closing prices around the filing date.

Exhibits (1)

About Super Micro Computer, Inc.

Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.

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