Supermicro Q1 2022 Earnings Report
Key Takeaways
Supermicro announced its Q1 2022 financial results, with revenue exceeding $1 billion, representing a 35% year-over-year growth. The company's growth was driven by strong design win momentum and shipment growth to key global customers.
Net sales reached $1.03 billion, compared to $762 million in the same quarter of last year.
Net income was $25 million, versus $27 million in the same quarter of last year.
Diluted net income per common share was $0.48, compared to $0.49 in the same quarter of last year.
Non-GAAP diluted net income per common share was $0.58, compared to $0.55 in the same quarter of last year.
Supermicro
Supermicro
Forward Guidance
For the second quarter of fiscal year 2022 ending December 31, 2021, the Company expects net sales of $1.1 billion to $1.2 billion, GAAP net income per diluted share of $0.60 to $0.80 and non-GAAP net income per diluted share of $0.70 to $0.90.