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Mar 31, 2020
Supermicro Q3 2020 Earnings Report
Supermicro's Q3 2020 financial results were announced, showing revenue growth despite COVID-19 disruptions.
Key Takeaways
Supermicro reported a 4% year-over-year increase in revenue for Q3 2020, reaching $772 million, despite operational disruptions caused by COVID-19. Net income was $16 million, or $0.29 per diluted share, while non-GAAP diluted net income per share was $0.84. The company did not provide guidance for Q4 2020 due to uncertainties related to COVID-19.
Net sales reached $772 million, a 4% increase year-over-year.
Gross margin improved to 17.3% compared to 15.1% in the same quarter last year.
Net income was reported at $16 million, or $0.29 per diluted share.
Non-GAAP diluted net income per common share was $0.84.
Forward Guidance
Given the uncertainties related to COVID-19, Supermicro will not provide guidance for the fourth quarter of fiscal year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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