Super Micro Computer (SMCI) PT Lowered to $40 at Northland Capital Markets

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Go back to Super Micro Computer (SMCI) PT Lowered to $40 at Northland Capital Markets

Super Micro Computer (SMCI) Tops Q1 EPS by 39c, Revenues Beat; Offers 2Q EPS Guidance Above Consensus, 2Q Revenue Mid-Point Guidance Above Consensus

November 3, 2020 4:08 PM EST

Super Micro Computer (NASDAQ: SMCI) reported Q1 EPS of $0.55, $0.39 better than the analyst estimate of $0.16. Revenue for the quarter came in at $762 million versus the consensus estimate of $748.02 million.

First Quarter Fiscal Year 2021 Highlights

Net sales of $762 million versus $896 million in the fourth quarter of fiscal year 2020 and $800 million in the same quarter of last year.Gross margin of 17.0% versus 13.8% in the fourth quarter of fiscal year 2020 and 16.4% in the same quarter of last year.Net income of $27 million versus $18 million in the fourth quarter of fiscal... More