Super Micro Computer Inc
SMCI
$34.69 1.34%
Exchange: NASDAQ | Sector: Technology | Industry: Computer Hardware
Q2 2024
Published: Feb 2, 2024

Earnings Highlights

  • Revenue of $3.66B up 103.3% year-over-year
  • EPS of $0.51 increased by 66.7% from previous year
  • Gross margin of 15.4%
  • Net income of 295.97M
  • ""This fantastic quarterly result was driven by strong demand and improving supply conditions for GPU and related key system components." - Charles Liang, CEO" - Charles Liang
SMCI
Super Micro Computer Inc

Executive Summary

In Q2 2024, Super Micro Computer Inc achieved record revenues of $3.66 billion, marking a 133% year-over-year growth and a staggering 73% increase from Q1 2024. The impressive performance reflects robust demand for AI-driven products and solutions, bolstered by improving supply chain conditions. The company's earnings per share (EPS) also soared to $5.59, exceeding guidance and highlighting the operating leverage afforded by its growing scale. However, management notes a challenging cash flow environment due to rising working capital tied to strategic growth initiatives. Looking ahead, management increased its full-year revenue guidance to between $14.3 billion and $14.7 billion, driven by a strong pipeline of AI products and customer demand across multiple verticals.

Key Performance Indicators

Revenue
Increasing
3.66B
QoQ: 72.90% | YoY: 103.25%
Gross Profit
Increasing
564.32M
15.40% margin
QoQ: 59.55% | YoY: 67.25%
Operating Income
Increasing
371.46M
QoQ: 115.33% | YoY: 72.63%
Net Income
Increasing
295.97M
QoQ: 88.52% | YoY: 68.00%
EPS
Increasing
0.55
QoQ: 83.33% | YoY: 66.67%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 5,677.96 0.51 +54.9% View
Q1 2025 5,937.26 0.67 +54.9% View
Q4 2024 5,354.59 0.55 +145.1% View
Q3 2024 3,850.07 0.66 +200.0% View
Q2 2024 3,664.92 0.51 +103.3% View