Supermicro Q2 2020 Earnings Report
Key Takeaways
Supermicro reported net sales of $870.9 million and a GAAP net income of $23.7 million for the second quarter of fiscal year 2020. The company's revenue exceeded the upper end of its original guidance, signaling a reacceleration of the business.
Net sales reached $870.9 million, compared to $931.5 million in the same quarter of last year.
GAAP gross margin was 15.9%, up from 13.7% in the same quarter of last year.
GAAP net income was $23.7 million, compared to $18.2 million in the same quarter of last year.
GAAP fully diluted earnings per share was $0.46, compared to $0.36 in the same quarter of last year.
Supermicro
Supermicro
Forward Guidance
The Company expects net sales in a range of $770 million to $830 million for the third quarter of fiscal year 2020 ending March 31, 2020. The Company expects non-GAAP earnings per diluted share of approximately $0.35 to $0.55 for the third quarter.