Supermicro Reports Increase in Aftermarket, Forecasts Q2 Sales to Reach $1.19 Billion
January 19, 2023
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SMCI Stock Fair Value – Super ($NASDAQ:SMCI)micro is a global leader in server and storage technology, providing energy-efficient and cost-effective solutions to businesses and organizations worldwide. Their award-winning product portfolio includes blade, storage, workstations, and cloud computing solutions. On Wednesday, Supermicro reported a +2.7% increase in aftermarket and a corresponding increase in their GAAP and non-GAAP EPS guidance range. The company also announced that their second-quarter sales are expected to exceed their previously declared forecast, leading to an increase in both their GAAP and non-GAAP EPS guidance range. This is a result of the higher-than-expected demand for their products in the enterprise and cloud infrastructure markets, as well as increased demand from their OEM customers. He noted that Supermicro will continue to leverage its strong product portfolio and global reach to create value for its customers and shareholders alike. The company also announced that it will continue to focus on delivering innovative solutions to its customers, such as its SuperBlade®, StorageBlade®, and CloudBlade® series of products.
In addition, Supermicro plans to strengthen its presence in the enterprise and cloud infrastructure markets by expanding its global sales force and enhancing its customer service capabilities. Overall, Supermicro’s increase in aftermarket and its outlook for Q2 sales demonstrate the company’s strong performance in the current market environment. With its focus on innovation and customer service, Supermicro is well-positioned to capitalize on the opportunities available in the enterprise and cloud space.
Share Price
Supermicro Computer Inc. recently reported an increase in their aftermarket sales and forecasted that their Q2 sales could reach a total of $1.19 billion. Media coverage of the news has been mostly positive, with analysts predicting that Supermicro’s new products and services will help to further increase their market share. On Wednesday, however, the stock value of Supermicro Computer Inc. fell 7.0% from its last closing price of $84.8 to an opening price of $86.0 and a closing price of $78.9. Despite this decrease, many analysts believe that the company’s future is still optimistic and that the stock will likely rebound in the coming weeks.
Supermicro Computer Inc.’s new products and services have been well received by customers and the industry, and many investors remain confident in the company’s future prospects. With its increased aftermarket sales and Q2 forecast of $1.19 billion, Supermicro is well positioned to continue its growth and remain a leader in the technology sector. 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 |
| 6.02k | 444.14 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SMCI. More…
| Operations | Investing | Financing |
| 7.36 | -45.13 | 7.43 |
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 |
| 3.3k | 1.68k | 27.25 |
Key Ratios Snapshot
Some of the financial key ratios for SMCI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.8% | 73.0% | 9.0% |
| FCF Margin | ROE | ROA |
| -0.4% | 22.2% | 10.3% |
VI Analysis – SMCI Stock Fair Value
This has been made easier to assess with the help of the VI app. After studying the data, it appears that the intrinsic value of SUPER MICRO COMPUTER shares is around $54.5, according to the VI Line. However, the current trading price of SUPER MICRO COMPUTER stocks is $78.9, making it overvalued by 45%. This indicates that investors may be paying too much for the company’s stocks. It should be noted that this analysis does not take into account the company’s overall financial performance and future prospects, which may shift the value of its stocks. Therefore, investors should do their due diligence before investing in the company. More…
VI Peers
In the computer technology industry, there is intense competition between Super Micro Computer Inc and its competitors NetApp Inc, Quantum Corp, and Peraso Inc. All four companies are constantly innovating and introducing new products and services in an attempt to gain market share. This competition benefits consumers as it results in lower prices and better products and services.
– NetApp Inc ($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 Inc. recently reported an increase in aftermarket sales and forecasted that Q2 sales will reach $1.19 billion. The news has had a mostly positive reception in the media, however the stock price has decreased on the same day. Investors should consider the potential impact of this news on Super Micro’s share price when making a decision on whether to invest in the company. Analysts should focus on the company’s future sales forecasts and performance as well as its competitive advantage in the market to determine if Super Micro Computer Inc. is a good long-term investment.
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