Annabelle Chih / Bloomberg / Getty Images
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024.
Super Micro Computer Reports Fiscal Q4 Earnings, Announces Stock Split
Super Micro Computer recently reported its fiscal fourth-quarter earnings, which unfortunately missed analysts’ estimates and led to a 10-for-1 stock split announcement. Despite this, the company saw its revenue more than double year-over-year, slightly exceeding analysts’ expectations. However, increased costs resulted in a decline in margins, impacting profits.
CEO Charles Liang noted that Super Micro Computer has seen “record” demand for artificial intelligence infrastructure, positioning the company for potential growth in the IT infrastructure market. The company also introduced innovative technologies such as rack-scale DLC liquid cooling and Datacenter Building Block Solutions to drive future growth.
Looking ahead, Super Micro Computer anticipates first-quarter revenue to range between $6 billion and $7 billion for fiscal 2025, with full-year sales projected to reach $26 billion to $30 billion, surpassing analysts’ forecasts. Additionally, the company announced a 10-for-1 forward split, scheduled to begin on October 1.
Following the earnings release, Super Micro Computer shares experienced a more than 12% decline in extended trading, settling at $540.02 as of 6:50 p.m. ET on Tuesday.
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