Super Micro Computer (SMCI) Sees Revenue at Low End
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Price: $37.87 +2.35%
EPS Growth %: +197.1%
Financial Fact:
Interest and other income, net: 29K
Today's EPS Names:
VIVO, PMCB, PLCE, More
EPS Growth %: +197.1%
Financial Fact:
Interest and other income, net: 29K
Today's EPS Names:
VIVO, PMCB, PLCE, More
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Super Micro Computer, Inc. (NASDAQ: SMCI) today provided preliminary information regarding its financial results for the first fiscal quarter ended September 30, 2012.
The Company now anticipates that it will report revenue for its first quarter of fiscal 2013 of approximately $270 million. This compares to the Company's previous guidance range of $270 to $290 million, and street estimates of $279.54.
Non-GAAP gross margin is expected to be about 13%. The primary cause for the lower gross margin was the steep price drops for hard disk drives and memory. Margins on other products and components were stable to higher.
The Company anticipates that it will report non-GAAP operating expenses for the quarter in line with those reported for the prior quarter ended June 30, 2012.
“Revenue for the quarter was up about 9% from last year and down slightly from our record last quarter despite challenges from a weaker global economy. The big price drops of HDD and memory, particularly late in the quarter, negatively impacted our net profit for the quarter as we adjusted to vendor contracts we entered into in the March quarter,” said Charles Liang, Chairman and CEO. “This quarter we experienced stronger demand for our new Sandybridge product lines suggesting a positive ramp for this new technology. In addition, late in the quarter, we began shipping our new Fat Twin architecture which is a benchmarked leader in performance, power efficiency and cost. We believe that we are well positioned in the market and we will provide more details on the earnings call.”
The Company now anticipates that it will report revenue for its first quarter of fiscal 2013 of approximately $270 million. This compares to the Company's previous guidance range of $270 to $290 million, and street estimates of $279.54.
Non-GAAP gross margin is expected to be about 13%. The primary cause for the lower gross margin was the steep price drops for hard disk drives and memory. Margins on other products and components were stable to higher.
The Company anticipates that it will report non-GAAP operating expenses for the quarter in line with those reported for the prior quarter ended June 30, 2012.
“Revenue for the quarter was up about 9% from last year and down slightly from our record last quarter despite challenges from a weaker global economy. The big price drops of HDD and memory, particularly late in the quarter, negatively impacted our net profit for the quarter as we adjusted to vendor contracts we entered into in the March quarter,” said Charles Liang, Chairman and CEO. “This quarter we experienced stronger demand for our new Sandybridge product lines suggesting a positive ramp for this new technology. In addition, late in the quarter, we began shipping our new Fat Twin architecture which is a benchmarked leader in performance, power efficiency and cost. We believe that we are well positioned in the market and we will provide more details on the earnings call.”
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