Supermicro® Announces Fourth Quarter Fiscal 2019 Preliminary Financial Information
Preliminary Fiscal Fourth Quarter Highlights
The Company expects to report the following financial results for the quarter ended
Net sales in a range of
$825 million to $835 millioncompared to its previous guidance range of $770 million to $830 million
- GAAP and non-GAAP gross margin in the range of 14.7% to 14.9%
GAAP fully diluted earnings per share in the range of
$0.35 to $0.39; non-GAAP fully diluted earnings per share in the range of $0.57 to $0.61
Cash flow from operations of
$81 millionand capital expenditures of $11 million
GAAP gross margin for the fiscal fourth quarter of 2019 that the Company expects to report is in the range of 14.7% to 14.9% and GAAP fully diluted earnings per share is in the range of
Non-GAAP gross margin for the fiscal fourth quarter of 2019 that the Company expects to report is in the range of 14.7% to 14.9%, which excludes stock-based compensation expense of
Financial Information Is Preliminary and May Be Subject To Change
The unaudited interim financial information presented in this press release is preliminary. The final financial results reported for this period may also differ from the results reported in this release as a result of the work necessary for the preparation of financial statements.
First Quarter Fiscal 2020 Guidance
The Company expects net sales in a range of
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate to, among other things, the preliminary financial information for the quarter ended
Use of Non-GAAP Financial Measures
Non-GAAP gross margin and fully diluted earnings per share discussed in this press release exclude as applicable stock-based compensation expense, costs associated with the Audit Committee investigation and review and other non-recurring expenses described above, and the related tax effect of the applicable items. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company's financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Pursuant to the requirements of SEC Regulation G, the reconciliation between the Company's GAAP gross margin and non-GAAP gross margin is stock-based compensation of
Supermicro® (SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced Server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of
All other brands, names and trademarks are the property of their respective owners.
Investor Relations Contact
Super Micro Computer, Inc.
Perry G. Hayes,
SVP, Investor Relations
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