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Jun 30, 2024
Supermicro Q4 2024 Earnings Report
Supermicro's Q4 2024 earnings reflected strong demand and growth.
Key Takeaways
Supermicro announced strong Q4 2024 financial results, with net sales of $5.31 billion, a net income of $353 million, and diluted net income per share of $5.51. The company's full-year revenue increased by 110% year over year, driven by record demand for AI infrastructure.
Net sales reached $5.31 billion, a significant increase from both the previous quarter and the same quarter last year.
Net income was reported at $353 million, up from $194 million in the same quarter of the previous year.
Diluted net income per common share was $5.51, compared to $3.43 in the same quarter last year.
The company's Board of Directors authorized a 10-for-1 forward stock split.
Supermicro
Supermicro
Forward Guidance
For the first quarter of fiscal year 2025, Supermicro expects net sales between $6.0 billion and $7.0 billion, GAAP net income per diluted share between $5.97 and $7.66, and non-GAAP net income per diluted share between $6.69 and $8.27. For fiscal year 2025, the company anticipates net sales of $26.0 billion to $30.0 billion.
Positive Outlook
- Expects net sales of $6.0 billion to $7.0 billion for Q1 2025.
- Projects GAAP net income per diluted share of $5.97 to $7.66 for Q1 2025.
- Anticipates non-GAAP net income per diluted share of $6.69 to $8.27 for Q1 2025.
- Forecasts net sales of $26.0 billion to $30.0 billion for fiscal year 2025.
- Assumes a tax rate of approximately 9.9% for GAAP and 14.6% for non-GAAP net income per diluted share in Q1 2025.
Challenges Ahead
- Q1 2025 GAAP net income per diluted share includes approximately $48 million in expected stock-based compensation expense and other expenses.
- The projections are forward-looking statements subject to risks and uncertainties.
- Actual results could differ materially from those anticipated.
- Factors such as fluctuating quarterly operating results and economic conditions may harm the business.
- Failure to meet financial guidance could cause the stock to decline in value.