Super Micro Computer, Inc.
Super Micro Reports Strong Q3 2024 Financial Results and Raises FY 2024 Guidance
Summary
Super Micro Computer, Inc. announced financial results for the third quarter of fiscal year 2024, reporting net sales of $3.85 billion, a gross margin of 15.5%, and net income of $402 million. The company also raised its fiscal year 2024 revenue outlook from $14.3 to $14.7 billion to a new range of $14.7 to $15.1 billion, citing strong demand for AI rack scale PnP solutions and innovative DLC designs. For the fourth quarter of fiscal year 2024, the company expects net sales of $5.1 billion to $5.5 billion, GAAP net income per diluted share of $7.20 to $8.05, and non-GAAP net income per diluted share of $7.62 to $8.42.
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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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