SAN JOSE, Calif.--(BUSINESS WIRE)--
Super Micro Computer, Inc. (NASDAQ:SMCI), the leader in server
technology innovation and green computing, today provided preliminary
information regarding its financial results for the fourth fiscal
quarter ended June 30, 2012.
The Company also announced that it will release final fourth quarter
fiscal 2012 financial results on Tuesday, August 7, 2012, immediately
after the close of regular trading, followed by a teleconference
beginning at 2:00 p.m. (Pacific Time).
The Company now anticipates that it will report revenue for its fourth
quarter of fiscal 2012 of approximately $275 million. This compares to
the Company's previous guidance range of $280 to $310 million.
Non-GAAP gross margin is expected to be in the mid 15% range. Gross
margin was lower principally due to the big price drop for hard disk
drive of which we had excess stock.
The Company anticipates that it will report non-GAAP operating expenses
for the fourth fiscal quarter between $1.7 million and $1.9 million
higher than for the third fiscal quarter. The increase was primarily due
to additional sales and marketing expenses to promote new product
launches as well as R&D expenses for new product development.
The Company also anticipates that its non-GAAP earnings per share will
be in a range of $0.18 to $0.19. This compares to the Company's previous
guidance of a range of $0.27 to $0.32.
"Although we achieved record high revenues for the June quarter and for
the fiscal year, steep HDD price declines during the quarter and higher
expenses for R&D related to new product optimization and for market
promotion impacted our net profit significantly in the short term," said
Charles Liang, Chairman and CEO. "Our new product lines for Sandybridge
are the strongest product offering in the market and now we have created
our new Fat Twin architecture product line which will be in production
this quarter with the highest computing density and efficiency allowing
much better datacenter Power Usage Effectiveness. We believe that we are
well positioned to continue our strong growth and steadily improve our
financial performance over the next several quarters. We will provide
more details on the earnings call."
Conference Call/Webcast Information for August 7, 2012
Supermicro will hold a teleconference to announce its final fourth
fiscal quarter financial results on August 7, 2012, beginning at 2 p.m.
(Pacific Time). Those wishing to participate in the conference call
should call 1-800-263-8506 (international callers dial 1-719-325-2392) a
few minutes prior to the call's start to register. A replay of the call
will be available through 11:59 p.m. (Eastern Time) on Tuesday, August
21, by dialing 1-877-870-5176 (international callers dial
1-858-384-5517) and entering replay PIN 4481991.
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, the leader in server technology innovation and green
computing, provides customers around the world with
application-optimized server, workstation, blade, storage and GPU
systems. Based on its advanced Server Building Block Solutions,
Supermicro offers the most optimized selection for IT, datacenter and
HPC deployments. The Company's system architecture innovations include
the Twin server, Double-Sided Storage™ and SuperBlade® product families.
Offering the most comprehensive product lines in the industry,
Supermicro provides businesses of all sizes with energy-efficient,
earth-friendly solutions that deliver unmatched performance and value.
Founded in 1993, Supermicro is headquartered in Silicon Valley with
worldwide operations and manufacturing centers in Europe and Asia. For
more information, visit www.supermicro.com.
Supermicro, Server Building Block Solutions, and SuperBlade are
registered trademarks and Double-Sided Storage is a trademark of Super
Micro Computer, Inc. All other trademarks are the property of their
respective owners.
SMCI-F
Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570 (Investor
Relations)
SVP, Investor Relations
PerryH@supermicro.com
Source: Super Micro Computer, Inc.
News Provided by Acquire Media