Supermicro Q4 2022 Earnings Report
Key Takeaways
Supermicro reported a strong Q4 2022 with net sales reaching $1.64 billion, a gross margin of 17.6%, and a net income of $141 million. The company's diluted net income per share stood at $2.60, and non-GAAP diluted net income per share was $2.62. The company achieved $5.2 billion in annual revenue.
Net sales increased to $1.64 billion compared to $1.07 billion in the same quarter last year.
Gross margin improved to 17.6% from 13.6% in the same quarter of the previous year.
Net income rose to $141 million, a significant increase from $39 million in the corresponding quarter of the prior year.
Diluted net income per share reached $2.60, up from $0.74 in the same quarter last year.
Supermicro
Supermicro
Forward Guidance
For the first quarter of fiscal year 2023, Supermicro anticipates net sales between $1.52 billion and $1.62 billion. They project GAAP net income per diluted share to be in the range of $2.01 to $2.27, and non-GAAP net income per diluted share to be between $2.07 and $2.32. For the full fiscal year 2023, the company expects net sales of $6.2 billion to $7.0 billion, with GAAP net income per diluted share of at least $7.27 and non-GAAP net income per diluted share of at least $7.50.
Positive Outlook
- Net sales are expected to be between $1.52 billion and $1.62 billion.
- GAAP net income per diluted share is projected to be $2.01 to $2.27.
- Non-GAAP net income per diluted share is expected to be $2.07 to $2.32.
- For fiscal year 2023, net sales are projected to be $6.2 billion to $7.0 billion.
- GAAP net income per diluted share for fiscal year 2023 is expected to be at least $7.27.
Challenges Ahead
- Guidance is subject to various risks and uncertainties.
- The global COVID-19 pandemic continues to present significant uncertainties.
- Quarterly operating results may fluctuate, which could cause stock price declines.
- Customer base may become more concentrated, potentially increasing cost of sales and lowering margins.
- Failure to meet financial guidance could lead to a decline in stock value.