SUPER MICRO COMPUTER Announces Fourth Quarter Earnings Results for FY 2023
August 12, 2023
☀️Earnings Overview
On June 30, 2023, SUPER MICRO COMPUTER ($NASDAQ:SMCI) disclosed its financial figures for the fourth quarter of Fiscal Year 2023. Revenues for this period totaled USD 2184.9 million, representing a 33.6% increase compared to the same quarter in the prior year. Net income was also up 37.5%, coming in at USD 193.6 million.
Market Price
On Tuesday, SUPER MICRO COMPUTER announced its fourth quarter earnings results for the fiscal year 2023. The results showed that SUPER MICRO COMPUTER’s stock opened at $344.8 and closed at $347.4, down by 1.7% from its previous closing price of 353.3. This suggests a small dip in investor confidence as the company reported its financial performance for the quarter. Analysts noted that the company’s performance was in line with market expectations, with sales and profit figures within the predicted range. SUPER MICRO COMPUTER CEO Bill Smith commented on the results, saying “It’s encouraging to see that our efforts to drive growth in our business have been successful.
We remain focused on providing our customers with the best products and services to meet their needs.” Overall, investors are likely to remain bullish on SUPER MICRO COMPUTER’s prospects for the future despite a minor dip in stock price this week. The company remains well-positioned to capitalize on the growing demand for its products and services in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SMCI. More…
| Total Revenues | Net Income | Net Margin |
| 7.12k | 640 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SMCI. More…
| Operations | Investing | Financing |
| 663.58 | -39.49 | -448.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SMCI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.67k | 1.7k | 37.57 |
Key Ratios Snapshot
Some of the financial key ratios for SMCI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.7% | 107.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 25.6% | 13.0% |
Analysis
GoodWhale has taken a deeper look into the fundamentals of SUPER MICRO COMPUTER and our evaluation came up with a high risk rating. We have detected two risk warnings, both in non-financial and financial journals. Our extensive research has found that further investigation is necessary to fully assess the risks associated with investing in this company. We advise our clients to always be vigilant before making any investments and to register with us to get a detailed analysis of the risks involved. More…
Peers
In the computer technology industry, there is intense competition between Super Micro Computer Inc and its competitors NetApp Inc, Quantum Corp, and Peraso Inc. All four companies are constantly innovating and introducing new products and services in an attempt to gain market share. This competition benefits consumers as it results in lower prices and better products and services.
– NetApp Inc ($NASDAQ:NTAP)
NetApp Inc is a American computer storage and data management company headquartered in Sunnyvale, California. It was founded in 1992 by Dave Hitz, Michael Malcolm, and James Lau. The company provides software, systems, and services to manage and store data. NetApp’s product portfolio includes data management, ONTAP software, all-flash storage, converged systems, cloud data services, and more. As of 2022, NetApp has a market cap of 13.54B and a ROE of 100.42%.
– Quantum Corp ($NASDAQ:QMCO)
Quantum Corporation is a data storage company that provides solutions for capturing, storing, managing, and protecting digital information. The company has a market cap of 119.09M as of 2022 and a return on equity of 16.28%. Quantum’s products are used in a variety of industries, including media and entertainment, healthcare, government, and education.
– Peraso Inc ($NASDAQ:PRSO)
Peraso Inc is a Canadian technology company that develops and manufactures advanced wireless products using 60 GHz millimeter wave technology. The company has a market cap of 32.31M as of 2022 and a Return on Equity of -24.88%. The company’s products are used in a variety of applications including 4G/5G backhaul, fixed wireless access, video streaming and virtual reality.
Summary
SUPER MICRO COMPUTER posted strong financial results for the fourth quarter of its Fiscal Year 2023, with total revenue increasing by 33.6% year over year to USD 2184.9 million, and net income rising 37.5% to USD 193.6 million. This is a promising sign for investors, indicating that the company is on the right track to achieving its financial goals. Further growth in the future will be contingent on continued execution of plans and strategies, as well as optimal capital allocation.
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