NASDAQ$SMCI

Super Micro Computer, Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strongest revenue growth rate in more than two years driven by high profile customer engagements.

Supermicro reported Q3 revenue above the high end of their guidance range with year-over-year growth of 16%. Net sales were $896 million compared to $772 million in the same quarter of last year. Diluted net income per common share was $0.35, and non-GAAP diluted net income per common share was $0.50.

  • Net sales of $896 million versus $772 million in the same quarter of last year.
  • Gross margin of 13.7% versus 17.3% in the same quarter of last year.
  • Net income of $18 million versus $16 million in the same quarter of last year.
  • Non-GAAP diluted net income per common share of $0.50 versus $0.84 in the same quarter of last year.

Headline financials

Total Revenue

$896M

Previous: $772M+16.0%
EPS (adj)

$0.05

Previous: $0.08-40.5%
Capital Expenditures

-$44.6M

Previous: -$34.9M-27.9%
Free Cash Flow

-$26.2M

Previous: -$19.1M-37.3%
Net Income

$18.4M

Previous: $15.8M+16.6%
Operating Income

$17.1M

Previous: $15.5M+9.7%
Gross Profit

$123M

Previous: $133M-7.8%
Cash & Equivalents

$178M

Previous: $301M-40.9%
Total Assets

$2B

Previous: $1.96B+2.0%
Stock-Based Comp

$7.49M

Previous: $4.81M+56.0%

Revenue & EPS history

Supermicro · Revenue · Quarterly

$896M

Q3 2021+16%vs Q3 2020
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

The Company expects net sales of $980 million to $1.08 billion, diluted net income per common share of $0.56 to $0.77 and non-GAAP diluted net income per common share of $0.70 to $0.90 for the fourth quarter of fiscal year 2021 ending June 30, 2021.

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 Q3 2021

Historical avgQ3 2021

+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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