Short answer
Supermicro (SMCI) filed its Q3 2024 10-Q quarterly report on Feb 25, 2025 for the quarter ended Sep 30, 2024. Quarterly revenue was $5.9B (up 180.1% year over year) with net income of $424M.
Q3 2024 key financials · XBRL
- Revenue
- $5.9B
- +180.1% YoY
- Net income
- $424M
- +170.3% YoY
- Operating margin
- 8.6%
- Gross margin
- 13.1%
- EPS (diluted)
- $0.67
- −75.6% YoY
Source: XBRL data from the Supermicro (SMCI) Q3 2024 10-Q on SEC EDGAR. USD.
Supermicro Q3 2024 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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