Supermicro® Schedules Conference Call and Webcast for Fourth Quarter and Fiscal 2017 Financial Results
Company to Report Preliminary Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--
Super Micro Computer, Inc. (NASDAQ: SMCI),
a global leader in high-performance, high-efficiency server, storage
technology and green computing, today provided preliminary information
regarding its financial results for the fourth quarter ended June 30,
The Company also announced it will release fourth quarter and fiscal
2017 financial results on Thursday, August 3, 2017, immediately after
the close of regular trading, followed by a teleconference beginning at
2:00 p.m. (Pacific Time).
The Company now anticipates it will report revenue for its fourth
quarter of fiscal 2017 in the range of $712 million to $717 million.
This compares to the Company's previous guidance range of $655 million
to $715 million. Revenue exceeded expectations primarily due to stronger
sales in Asia and at storage customers with strong shipments that
accelerated late in the quarter.
The Company also anticipates its non-GAAP earnings per diluted share
will be in a range of $0.35 to $0.37. This includes an estimated
negative impact of $0.09 related to three major items: expiring customer
agreements with unfavorable DRAM and SSD pricing; urgent new projects
with unanticipated R & D expense from major partners with NRE to be
recovered in later quarters; and tax impact due to our global corporate
tax structure. This compares to the Company's previous guidance of $0.40
"While Supermicro exceeded revenue expectations with record high
revenues due to growth in our Asia business as well as new storage
customers, earnings were lower than forecast. We were negatively
impacted by DRAM and SSD price increases under a number of expiring
fixed priced long-term customer agreements. Operating expenses were also
higher due to urgent new project R & D expense with major partners for
development of programs such as AI and autonomous driving. We will
provide more detail on the fourth quarter at the time of our earnings
call," said Charles Liang, Chairman and Chief Executive Officer.
"Notwithstanding these transitory operational impacts, Supermicro
continues to expand its customer base and grow market share. With over
100 SKU's launched for Skylake and NVMe Storage solutions, Supermicro is
prepared for strong growth in the upcoming technology cycle. At this
time, with the Company's strong pipeline of business exiting the fourth
quarter, we expect that the September quarter will exceed the seasonally
adjusted revenue that we typically expect."
Conference Call/Webcast Information for August 3, 2017
Supermicro will hold a teleconference to announce its fourth quarter and
fiscal 2017 financial results on Thursday, August 3, 2017, beginning at
2:00 p.m. (Pacific Time). Those wishing to participate in the conference
call should dial 1-888-352-6793 (International callers dial
1-719-325-4753) a few minutes prior to the call's start to register. The
conference ID is 7567416. A replay of the call will be available through
11:59 p.m. (Eastern Time) on Thursday, August 17, 2017, by dialing
1-844-512-2921 (International callers dial 1-412-317-6671) and entering
replay PIN 7567416.
Those wishing to access the live or archived webcast via the Internet
should go to the Investor Relations tab of the Supermicro website at www.Supermicro.com.
About Super Micro Computer, Inc.
Supermicro®, a global leader in high-performance, high-efficiency server
technology and innovation is a premier provider of end-to-end green
computing solutions for Data Center, Cloud Computing, Enterprise IT,
Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro's
advanced Server Building Block Solutions® offer a vast array of
components for building energy-efficient, application-optimized,
computing solutions. Architecture innovations include Twin, TwinPro,
FatTwin™, Ultra Series, MicroCloud, MicroBlade, SuperBlade®,
Double-sided Storage®, Battery Backup Power (BBP®) modules and WIO/UIO.
Products include servers, blades, GPU systems, workstations,
motherboards, chassis, power supplies, storage, networking, server
management software and SuperRack® cabinets/accessories delivering
unrivaled performance and value.
Founded in 1993 and headquartered in San Jose, California, Supermicro is
committed to protecting the environment through its "We Keep IT Green®"
initiative. The Company has global logistics and operations centers in
Silicon Valley (USA), the Netherlands (Europe) and its Science &
Technology Park in Taiwan (Asia).
Supermicro, FatTwin, TwinPro, SuperBlade, Double-Sided Storage, BBP,
SuperRack, Building Block Solutions and We Keep IT Green are trademarks
and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names and trademarks are the property of their
View source version on businesswire.com: http://www.businesswire.com/news/home/20170720006282/en/
Investor Relations Contact
Super Micro Computer, Inc.
G. Hayes, 408-895-6570
SVP, Investor Relations
Source: Super Micro Computer, Inc.
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