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Dec 31, 2019
Supermicro Q2 2020 Earnings Report
Supermicro's financial results for Q2 2020 were announced, revealing increased net sales and GAAP net income compared to the same quarter last year.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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