Super Micro Computer, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 30, 2024 at 04:05 pm EDT
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Super Micro Computer, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 3,850.07 million compared to USD 1,283.3 million a year ago. Net income was USD 402.46 million compared to USD 85.85 million a year ago. Basic earnings per share from continuing operations was USD 7.13 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 6.56 compared to USD 1.53 a year ago.
For the nine months, sales was USD 9,634.66 million compared to USD 4,938.62 million a year ago. Net income was USD 855.42 million compared to USD 446.43 million a year ago. Basic earnings per share from continuing operations was USD 15.68 compared to USD 8.42 a year ago. Diluted earnings per share from continuing operations was USD 14.53 compared to USD 8 a year ago.
Super Micro Computer, Inc. specializes in the design, manufacture and marketing of high-performance server and storage systems, based on an innovative, modular and open architecture. Net sales break down by family of products as follows:
- servers and data storage systems (92.2%): accelerated computing platforms made up of a combination of servers and storage systems, designed for data centers, cloud computing, enterprise computing, Hadoop/Big Data, high-performance computing, artificial intelligence, 5G/IdO/Edge technologies and embedded systems. The group also offers server management and security software solutions, as well as professional services;
- modular server subsystems and accessories (7.8%): server boards, enclosures, processors, motherboards, power supplies, adapters, switches, networking systems, cables, ventilation systems, etc.
At the end of June 2023, the group has 3 production sites located in the United States, the Netherlands and Taiwan.
Net sales are distributed geographically as follows: The United States (67.9%), Asia (14.7%), Europe (14.1%) and others (3.3%).