Supermicro (SMCI) Q3 2024 10-Q Quarterly Report
Supermicro (SMCI) 10-Q quarterly report for Q3 2024, filed with SEC EDGAR on Feb 25, 2025 for the fiscal period ending Sep 30, 2024. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Supermicro Q3 2024 10-Q Analysis
Risk Factors
- • New risk: Increased interest expense by $15.5M due to higher borrowing, interest rates, and 2029 Convertible Notes costs impacting finance expenses
- • Material update: Gross margin declined 3.6% to 13.1% from 16.7% due to pricing strategy, competition, and product/customer mix changes
- • Regulatory/legal risk: Increased effective tax rate to 15.0% from 11.4%, driven by reduced stock-based compensation deductions, lower R&D credits, and higher state tax liabilities
- • Operational/market risk: Supply chain lead time extensions and limited suppliers for key components constrain production and inventory growth needs
- • Financial risk: Cash and cash equivalents grew to $2.1B with $395.1M held overseas; liquidity sufficient but higher working capital and borrowings increase financial leverage
Supermicro Q3 2024 Quarterly FinancialsXBRL
Revenue
$5.9B
▲ +180.1% YoY
Net Income
$424M
▲ +170.3% YoY
Net Margin
7.1%
▼ -26bp YoY
Source: XBRL data from Supermicro Q3 2024 10-Q filing on SEC EDGAR. All figures in USD.
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