Super Micro Computer, Inc.
Super Micro Announces Fourth Quarter and Full Year 2024 Financial Results and 10-for-1 Stock Split
Summary
Super Micro Computer, Inc. announced its financial results for the fourth quarter and full fiscal year 2024 on August 6, 2024. The company reported net sales of $5.31 billion for Q4 2024, up from $3.85 billion in Q3 2024 and $2.18 billion in Q4 2023. The Board of Directors authorized a 10-for-1 forward split of its common stock, to be effected on October 1, 2024. Full year net sales for 2024 were $14.9 billion, up 110% from the previous year, with net income of $1.21 billion or $20.09 per diluted share. Non-GAAP net income for 2024 was $1.34 billion or $22.09 per diluted share.
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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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