Super Micro Computer Earnings: Everything You Must Know Now
Super Micro Computer, Inc. (NASDAQ:SMCI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Super Micro Computer, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.05% to $0.23 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 15.75% to $278 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Super Micro Computer, Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.20. It missed the average revenue estimate of $284.13 million.
Quoting Management: “The typical March quarter seasonality was evident in the lower sequential revenue. However, we are pleased that revenue for the quarter was up 15.8% from last year. Our revenue growth this quarter outpaced the industry’s growth and we expect this trend will continue,” said Charles Liang, CEO of Supermicro. “Supermicro continues to take market share by providing the industry’s most innovative products that feature the best performance per watt, per dollar, and per square foot. Our servers’ system management software has been consistently gaining customer acceptance which will continue to add value to our complete solutions offering.”
Key Stats (on next page)…