Supermicro Q2 2021 Earnings Report
Key Takeaways
Supermicro reported net sales of $830 million and net income of $28 million for Q2 2021. The company's revenue was driven by strong international sales, and they anticipate resuming year-over-year growth in Q3.
Net sales reached $830 million, slightly down from $871 million in the same quarter last year.
Gross margin was 16.4%, a slight increase from 15.9% in the same quarter last year.
Net income increased to $28 million, compared to $24 million in the same quarter last year.
Non-GAAP diluted net income per common share was $0.63, up from $0.57 in the same quarter last year.
Supermicro
Supermicro
Forward Guidance
The Company expects net sales of $790 million to $870 million, GAAP net income per diluted share of $0.22 to $0.42 and non-GAAP diluted net income per common share of $0.37 to $0.57 for the third quarter of fiscal year 2021 ending March 31, 2021.
Positive Outlook
- Net sales are expected to be between $790 million and $870 million.
- GAAP net income per diluted share is projected to be $0.22 to $0.42.
- Non-GAAP diluted net income per common share is anticipated to be $0.37 to $0.57.
- Assumed tax rate of approximately 16%.
- Fully diluted share count of 54.5 million shares is expected.
Challenges Ahead
- Guidance is subject to risks and uncertainties, including the ongoing COVID-19 pandemic.
- Quarterly operating results may fluctuate.
- Customer base may become more concentrated.
- Average sales prices for server solutions could decline.
- Adverse economic conditions may harm the business.