Supermicro Announces Preliminary Financial Information for 3rd Quarter Fiscal 2023
SAN JOSE, Calif., April 24, 2023 -- Supermicro today announced preliminary financial information for the third quarter of fiscal 2023, ended March 31, 2023, and schedules earnings call for May 2, 2023.
Reporting Highlights:
- Revenue of approximately $1.28 billion versus previous Q3 midpoint guidance of $1.47 billion.
- Shortfall primarily due to key new component shortages for Supermicro’s transition to new generation product lines which have mostly been resolved.
- Record design wins with top tier users, strong orders, and record backlog exiting Q3.
“Supermicro saw record levels of engagements in our new product lines during the quarter,” said Charles Liang, President and CEO of Supermicro. “We secured several large design wins whose orders were impacted by these new supply chain challenges. The challenges are improving as we speak, and we are now well positioned to fulfill delayed deliveries and have commenced production.”
The unaudited financial results are based on preliminary results and management's estimates and is inherently uncertain and subject to revision in connection with the Company's financial closing procedures and finalization of the Company's financial statements for its third quarter of fiscal 2023. Actual results for the third quarter of fiscal 2023 may differ materially from these preliminary unaudited financial results.
Conference Call and Webcast Information
Supermicro will release its third quarter of fiscal 2023 financial results in a press release on Tuesday, May 2, 2023, after the close of regular trading. The Company will hold a phone conference to discuss these results with investors and financial analysts beginning at 2:00 p.m. Pacific Time (PDT). Those wishing to access the live webcast may use the this link.
A replay of the webcast will be available shortly after the call on the Investor Relations section of the Company’s website (https://ir.supermicro.com) and will remain accessible for one year.
The conference call can be accessed by registering online at this link.
After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. Registration is open during the live call, but to ensure connectivity for the full call, it is recommended that participants register a day in advance and dial-in for the call at least 10 minutes before the start of the call.
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI and 5G Telco/Edge IT Infrastructure. We are transforming to being a Total IT Solutions provider with server, AI, storage, IoT and switch systems, software and services while continuing to deliver advanced high-volume motherboard, power and chassis products. The products are designed and manufactured in-house (in US, Taiwan and Netherlands) leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing).
Source: Supermicro
