NASDAQ$SMCI

Super Micro Computer, Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Supermicro's financial results for Q2 2020 were announced, revealing increased net sales and GAAP net income compared to the same quarter last year.

Supermicro reported net sales of $870.9 million and a GAAP net income of $23.7 million for the second quarter of fiscal year 2020. The company's revenue exceeded the upper end of its original guidance, signaling a reacceleration of the business.

  • Net sales reached $870.9 million, compared to $931.5 million in the same quarter of last year.
  • GAAP gross margin was 15.9%, up from 13.7% in the same quarter of last year.
  • GAAP net income was $23.7 million, compared to $18.2 million in the same quarter of last year.
  • GAAP fully diluted earnings per share was $0.46, compared to $0.36 in the same quarter of last year.

Headline financials

Total Revenue

$871M

Previous: $932M-6.5%
EPS (adj)

$0.06

Previous: $0.04+58.3%
Capital Expenditures

-$24.1M

Previous: -$9.31M-158.9%
Free Cash Flow

-$383K

Previous: $8.91M-104.3%
Net Income

$23.7M

Previous: $18.2M+30.1%
Operating Income

$27.8M

Previous: $25.7M+8.1%
Gross Profit

$138M

Previous: $128M+8.2%
Cash & Equivalents

$309M

Previous: $110M+181.5%
Total Assets

$1.81B

Previous: $1.74B+4.1%
Stock-Based Comp

$4.96M

Previous: $5.25M-5.4%

Revenue & EPS history

Supermicro · Revenue · Quarterly

$871M

Q2 2020-6.5%vs Q2 2019
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

The Company expects net sales in a range of $770 million to $830 million for the third quarter of fiscal year 2020 ending March 31, 2020. The Company expects non-GAAP earnings per diluted share of approximately $0.35 to $0.55 for the third quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+3.4%

Avg return

Earnings day

+3.9%

Avg return

5 days after

+13.6%

Avg return

30 days after

61%

39 / 64 earnings

Positive

+33.7%

Q3 2022

Best reaction

-24.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.5%+21.8%+49.3%
Q2 2026+13.8%+13.0%+5.5%
Q1 2026-1.7%-15.2%-26.8%
Q3 2025-1.2%+1.8%+26.1%
Q1 2025-3.5%+2.2%-13.7%
Q2 2025+2.8%+24.1%+9.2%
Q4 2024-19.1%-16.4%-31.9%
Q3 2024-17.1%-12.1%-7.0%
Q2 2024+8.2%+22.2%+72.2%
Q1 2024+2.7%+5.5%+12.6%
Q4 2023-24.7%-28.0%-24.3%
Q3 2023+27.5%+30.6%+119.8%
Q2 2023+10.5%+16.9%+36.4%
Q1 2023+16.1%+10.1%+30.1%
Q4 2022+4.3%+6.9%+6.4%
Q3 2022+33.7%+20.8%+30.9%
Q2 2022+8.1%-5.7%+3.9%
Q1 2022+14.2%+27.1%+16.9%
Q4 2021-0.3%-6.7%-6.2%
Q3 2021-2.7%-2.3%-2.3%
Q2 2021+4.8%+1.3%+3.4%
Q1 2021+23.5%+21.6%+29.0%
Q4 2020-13.9%-13.6%-15.8%
Q3 2020+15.5%+8.9%+29.9%
Q2 2020-6.4%-1.6%-14.3%
Q1 2020-3.2%-2.2%+18.1%
Q4 2019+9.8%+6.4%+27.6%
Q2 2018+9.8%+6.4%+27.6%
Q1 2019+9.8%+6.4%+27.6%
Q3 2019+9.8%+6.4%+27.6%
Q2 2019+9.8%+6.4%+27.6%
Q1 2018+9.8%-0.2%+2.6%
Q4 2018-2.5%-3.8%+2.0%
Q3 2018-0.8%-0.8%+7.7%
Q4 2017+0.4%-0.7%-0.7%
Q3 2017-1.2%-3.8%-1.6%
Q2 2017-6.3%-7.0%-5.1%
Q1 2017+9.9%+2.9%+21.2%
Q4 2016+4.9%+4.4%+7.8%
Q3 2016-6.3%
Q2 2016+9.2%
Q1 2016+12.2%
Q4 2015+4.9%
Q3 2015-14.0%
Q2 2015-2.8%
Q1 2015+13.4%
Q4 2014-7.5%
Q3 2014+2.1%
Q2 2014+27.8%
Q1 2014-4.9%
Q4 2013+11.0%
Q3 2013-2.5%
Q2 2013+21.4%
Q1 2013-12.8%
Q4 2010+0.8%
Q4 2012+0.0%
Q3 2011-2.4%
Q3 2012+5.2%
Q2 2011+0.6%
Q2 2012+1.8%
Q1 2011+0.6%
Q4 2011+0.6%
Q1 2012+0.6%
Q3 2010+5.3%

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