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Jun 30, 2021
Supermicro Q4 2021 Earnings Report
Supermicro's Q4 2021 earnings exceeded one billion dollars in quarterly revenue, demonstrating strong year-over-year growth.
Key Takeaways
Supermicro reported a strong fourth quarter with revenue exceeding $1 billion for the first time, representing a 19% year-over-year increase. The company's net income and EPS also showed significant growth compared to the same quarter last year.
Net sales reached $1.07 billion, up from $896 million in both Q3 2021 and Q4 2020.
Net income increased to $39 million, compared to $18 million in both Q3 2021 and Q4 2020.
Diluted net income per common share rose to $0.74, up from $0.35 in Q3 2021 and $0.34 in Q4 2020.
Non-GAAP diluted net income per common share was $0.81, an increase from $0.50 in Q3 2021 and $0.68 in Q4 2020.
Supermicro
Supermicro
Forward Guidance
The Company expects net sales of $900 million to $980 million, GAAP net income per diluted share of $0.16 to $0.36 and non-GAAP net income per diluted share of $0.28 to $0.48 for the first quarter of fiscal year 2022 ending September 30, 2021. The Company expects net sales of $4.1 billion to $4.5 billion, GAAP net income per diluted share of at least $2.60 and non-GAAP net income per diluted share of at least $3.00 for fiscal year 2022 ending June 30, 2022.
Positive Outlook
- Net sales of $900 million to $980 million for Q1 2022.
- GAAP net income per diluted share of $0.16 to $0.36 for Q1 2022.
- Non-GAAP net income per diluted share of $0.28 to $0.48 for Q1 2022.
- Net sales of $4.1 billion to $4.5 billion for fiscal year 2022.
- GAAP net income per diluted share of at least $2.60 for fiscal year 2022.
Challenges Ahead
- Continued pressure from COVID-19.
- Global shortage headwinds.
- Q1 outlook reflects elevated operating costs due to the impact of COVID-19.
- Tax rate of approximately 16% for both GAAP and non-GAAP.
- Includes approximately $30 million in expected stock-based compensation expense and other expenses that are excluded from non-GAAP net income per diluted share.