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Mar 31, 2022
Supermicro Q3 2022 Earnings Report
Supermicro's revenue exceeded one billion dollars for the fourth consecutive quarter, demonstrating robust growth and EPS progress.
Key Takeaways
Supermicro reported Q3 2022 net sales of $1.36 billion, a gross margin of 15.5%, and net income of $77 million, with diluted net income per share of $1.43 and non-GAAP diluted net income per share of $1.55.
Net sales reached $1.36 billion, compared to $896 million in the same quarter last year.
Gross margin was 15.5%, up from 13.7% in the same quarter last year.
Net income increased to $77 million, significantly higher than the $18 million reported in the same quarter of the previous year.
Diluted net income per common share rose to $1.43, a substantial increase from the $0.35 reported in the same quarter last year.
Forward Guidance
For the fourth quarter of fiscal year 2022, Supermicro expects net sales between $1.4 billion and $1.48 billion, with GAAP net income per diluted share between $1.45 and $1.64, and non-GAAP net income per diluted share between $1.51 and $1.69.
Positive Outlook
- Net sales are projected to be between $1.4 billion and $1.48 billion.
- GAAP net income per diluted share is expected to be in the range of $1.45 to $1.64.
- Non-GAAP net income per diluted share is forecasted to be between $1.51 and $1.69.
- Full fiscal year 2022 net sales guidance raised to a range of $4.96 billion to $5.04 billion.
- Full fiscal year 2022 GAAP net income per diluted share guidance raised to a range of $4.16 to $4.35.
Challenges Ahead
- GAAP net income per diluted share includes approximately $8.0 million in expected stock-based compensation expense.
- GAAP net income per diluted share includes approximately $1.0 million in other expenses.
- Assumed tax rate of approximately 17.4% for GAAP net income per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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