Super Micro Computer Q4 Earnings: Revenue In Line, Shares Surge On Strong Guidance, 10-For-1 Stock Split

Super Micro Computer Inc SMCI reported fourth-quarter financial results for fiscal year 2024 after the market close on Tuesday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: Super Micro reported fourth-quarter revenue of $5.31 billion, in line with estimates, according to Benzinga Pro. The company reported quarterly earnings of $6.25 per share, which may not compare to analyst estimates of $8.10 per share.

Super Micro said fiscal 2024 revenue was up 110% year-over-year, driven by record demand for new AI infrastructures. Gross margin was 11.2% in the fourth quarter. Super Micro said it ended the quarter with $1.67 billion in cash and cash equivalents.

“We are well positioned to become the largest IT infrastructure company, driven by our technology leadership including rack-scale DLC liquid cooling and business values of our new Datacenter Building Block Solutions. The investments in Malaysia and Silicon Valley expansions will further strengthen our supply chain, security, and economies of scale necessary for the growing AI revolution,” said Charles Liang, president and CEO of Super Micro.

Super Micro’s board also authorized a 10-for-1 forward split of its common stock. The company expects shares to begin trading on a split-adjusted basis on Oct. 1.

Outlook: Super Micro expects first-quarter revenue to be in the range of $6 billion to $7 billion versus estimates of $5.3 billion. The company anticipates first-quarter adjusted earnings of $6.69 to $8.27 per share.

Super Micro expects fiscal year 2025 revenue to be in the range of $26 billion to $30 billion.

Management will hold a conference call to discuss these results at 5 p.m. ET.

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SMCI Price Action: Super Micro shares were up approximately 117% year-to-date heading into the print. The stock initially surged above the $720 level when earnings were released, before pulling back. Super Micro shares were down 4.37% in after hours, trading at $589.99 at the time of publication, according to Benzinga Pro.

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