NASDAQ$SMCI
Super Micro Computer, Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Supermicro's Q4 2023 financial results were announced, revealing record revenue and significant year-over-year growth.
Supermicro reported record revenue of $2.18 billion for Q4 2023, a 37% year-over-year increase. Net income was $194 million, or $3.43 per diluted share, while non-GAAP diluted net income per share was $3.51. The company's FY23 revenue reached $7.12 billion, driven by strong demand for AI and advanced applications.
- Net sales reached $2.18 billion, compared to $1.64 billion in the same quarter last year.
- Net income was $194 million, or $3.43 per diluted share, versus $141 million, or $2.60 per diluted share, in the same quarter last year.
- Non-GAAP diluted net income per common share was $3.51, compared to $2.62 in the same quarter of last year.
- Cash and cash equivalents totaled $440 million as of June 30, 2023.
Headline financials
Revenue & EPS history
Supermicro · Revenue · Quarterly
$2.18B
Forward guidance
For the first quarter of fiscal year 2024, Supermicro expects net sales of $1.90 billion to $2.20 billion, GAAP net income per diluted share of $2.02 to $2.80, and non-GAAP net income per diluted share of $2.75 to $3.50. For fiscal year 2024, the company expects net sales of $9.5 billion to $10.5 billion.
Tailwinds
- Expected net sales of $1.90 billion to $2.20 billion for Q1 2024.
- Projected GAAP net income per diluted share of $2.02 to $2.80 for Q1 2024.
- Anticipated non-GAAP net income per diluted share of $2.75 to $3.50 for Q1 2024.
- Forecasted net sales of $9.5 billion to $10.5 billion for fiscal year 2024.
- Assumed tax rate of approximately 14.7% for GAAP and 15.4% for non-GAAP in projections.
Headwinds
- Q1 2024 GAAP net income per diluted share includes approximately $44 million in expected stock-based compensation expense and other expenses.
- Projections are subject to risks and uncertainties.
- Potential fluctuations in quarterly operating results.
- Possible concentration of customer base.
- Risk of declining stock value if financial guidance is not met.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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