Super Micro Computer, Inc. announced its financial results for the fourth quarter and full fiscal year ended June 30, 2025. The company reported net sales of $5.8 billion for Q4, an increase from $4.6 billion in the previous quarter and $5.4 billion in Q4 of the prior year. Gross margin was 9.5%, slightly down from 9.6% in Q3 and 10.2% in Q4 of the previous year. Net income for Q4 was $195 million, up from $109 million in Q3 but down from $297 million in Q4 of the prior year. For the full fiscal year, net sales reached $22.0 billion, compared to $15.0 billion in the previous year, with net income of $1.0 billion, or $1.68 per diluted share, down from $1.2 billion, or $1.92 per diluted share, in FY 2024.
The company reported total cash and cash equivalents of $5.2 billion as of June 30, 2025, with total bank debt and convertible notes at $4.8 billion. For the upcoming first quarter of fiscal year 2026, Super Micro expects net sales between $6.0 billion and $7.0 billion, with GAAP net income per diluted share estimated between $0.30 and $0.42. The company anticipates net sales for fiscal year 2026 to be at least $33.0 billion, indicating continued growth in its operations.
linkAug 05, 2025 16:08:29
Super Micro Computer, Inc. has entered into a Receivables Purchase Agreement with MUFG Bank, Crédit Agricole Corporate and Investment Bank, and other entities, allowing the company to sell its accounts receivable. This agreement establishes an uncommitted facility with an initial limit of $1.79 billion, enabling the Purchasers to buy eligible accounts receivable at a specified purchase price, which includes a discount based on Term SOFR and additional factors.
The Receivables Purchase Agreement can be terminated by any party with 30 days' notice or immediately upon the occurrence of a Termination Event. If the purchased receivables are not classified as a sale, the company grants a security interest in these receivables to the Purchasers. The agreement details are further elaborated in the attached documents, which are available upon request from the Securities and Exchange Commission.
linkJul 21, 2025 16:23:05
Super Micro Computer, Inc. has announced the pricing of a private offering of $2.0 billion in convertible senior notes due 2030. These notes will be sold to qualified institutional buyers and are senior, unsecured obligations of the company. The initial conversion rate is set at 18.1154 shares of common stock per $1,000 principal amount, with a conversion price of approximately $55.20 per share, representing a 35% premium above the recent closing price. The offering is expected to close on June 26, 2025, subject to customary conditions.
The company anticipates net proceeds of approximately $1.96 billion from the offering, which will be used for various purposes including funding capped call transactions and repurchasing approximately $200 million worth of its common stock. The capped call transactions are intended to reduce potential dilution upon conversion of the notes. Additionally, the company may repurchase shares concurrently with the offering, which could impact the trading price of its common stock. The notes will mature on June 15, 2030, and holders will have the right to require the company to repurchase their notes upon certain events.
linkJun 26, 2025 21:42:25
In terms of cash flow, Supermicro generated $627 million from operations and had capital expenditures of $33 million. The company announced an updated revenue guidance for fiscal year 2025, lowering it to a range of $21.8 billion to $22.6 billion, down from the previous range of $23.5 billion to $25.0 billion. Additionally, the company has made governance updates, including strengthening its board and management team, and it is currently compliant with Nasdaq filing requirements.
linkMay 06, 2025 16:07:05
Supermicro Computer Inc. has provided a business update and preliminary financial results for the third quarter of fiscal year 2025, which ended on March 31, 2025. The company reported net sales expectations between $4.5 billion and $4.6 billion, significantly lower than prior guidance of $5.0 billion to $6.0 billion. The GAAP diluted net income per share is projected to be between $0.16 and $0.17, also below previous estimates of $0.36 to $0.53. The decline in gross margin of 220 basis points from the previous quarter is attributed to higher inventory reserves and expedite costs for new product launches. Sales delays have pushed some customer decisions into the next quarter, impacting overall results for Q3.
Supermicro plans to hold a conference call on May 6, 2025, to discuss these results further. The unaudited financial information shared is based on preliminary results and may be subject to revisions as the company finalizes its financial statements. Investors are advised to consider this uncertainty when evaluating the company's performance and outlook.
linkApr 29, 2025 16:37:47
Supermicro has appointed Scott Angel as a new independent director, bringing nearly four decades of experience in accounting and financial advisory, particularly within the technology and semiconductor sectors. Yitai Hu has been promoted to General Counsel and Senior Vice President, Corporate Development, enhancing the company's legal capabilities to align with its growth strategy. Both appointments are expected to support Supermicro's ongoing expansion and leadership in the industry.
The press release also highlights potential risks and uncertainties that could affect Supermicro's performance, including fluctuations in quarterly operating results, increased concentration of customers, and possible declines in average sales prices for its server solutions. The company acknowledges that adverse macroeconomic conditions may also pose challenges to its business operations.
linkMar 31, 2025 09:08:18
Super Micro Computer, Inc. has announced that it is now in compliance with Nasdaq Listing Rule 5250(c)(1) after receiving a notification letter on February 25, 2025. This compliance follows the company's timely filing of its Q2 FY2025 Form 10-Q, along with the previously delayed FY2024 Form 10-K and Q1 FY2025 Form 10-Q, effectively closing the matter with Nasdaq.
Prior to this compliance announcement, Super Micro had received a notification letter on February 21, 2025, indicating it was not in compliance due to delays in filing its required reports with the U.S. Securities and Exchange Commission. The company's previous delays in filing these reports had raised concerns regarding its adherence to Nasdaq listing requirements.
linkFeb 26, 2025 17:29:39
Supermicro announced preliminary financial results for the second quarter of fiscal year 2025, projecting net sales between $5.6 billion and $5.7 billion, indicating a 54% year-over-year increase. The company expects a GAAP diluted net income per share of $0.50 to $0.52, remaining flat year-over-year, while the non-GAAP diluted net income per share is projected to grow by 5% to a range of $0.58 to $0.60. Additionally, Supermicro reported total cash and cash equivalents of approximately $1.4 billion and total debt of around $1.9 billion as of December 31, 2024, which includes $0.2 billion in bank debt and $1.7 billion in convertible notes.
However, Supermicro also faces challenges, including ongoing investigations by the Department of Justice and the Securities and Exchange Commission following allegations from a short seller report. The company has received subpoenas and is cooperating with these requests. Moreover, it is adjusting its revenue guidance for fiscal year 2025 down to a range of $23.5 billion to $25 billion, a decrease from the previous estimate of $26 billion to $30 billion. The company also noted adjustments to its preliminary results for the fourth quarter of fiscal year 2024, including an increase in inventory reserves that negatively impacted net income.
linkFeb 11, 2025 16:25:08
Super Micro Computer, Inc. has received an extension from Nasdaq, allowing the company until February 25, 2025, to file its Annual and Quarterly Reports. This extension ensures that the company's common stock will remain listed on the Nasdaq Global Select Market during this period, provided all required reports are submitted on time and compliance with listing rules is maintained.
However, the company’s need for an extension highlights potential delays in its financial reporting. While it currently expects to meet the filing deadline, any failure to do so could jeopardize its listing status on Nasdaq, indicating underlying challenges in timely financial disclosures.
linkDec 06, 2024 17:06:30
Supermicro's independent Special Committee concluded its investigation, finding no evidence of misconduct by management or the Board of Directors. The Audit Committee was determined to have acted independently, and there are no anticipated restatements of financial statements. The company adopted all recommendations from the Special Committee, including appointing a new Chief Accounting Officer and transitioning to a new CFO to enhance governance and oversight.
However, the investigation revealed lapses in processes related to the rehiring of certain employees, which were attributed to the Chief Financial Officer/Chief Compliance Officer. While there were no findings of bad faith, the Special Committee noted that improvements in training and monitoring systems are necessary. The company is also addressing concerns regarding its compliance with export control regulations, although no violations were identified during the review.
linkDec 02, 2024 09:08:13