10-Q quarterly report · filed May 12, 2025

Supermicro (SMCI) Q1 2025 10-Q Quarterly Report

Short answer

Supermicro (SMCI) filed its Q1 2025 10-Q quarterly report on May 12, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $4.6B (up 19.5% year over year) with net income of $109M.

Q1 2025 key financials · XBRL

Revenue
$4.6B
+19.5% YoY · −19.0% QoQ
Net income
$109M
−73.0% YoY · −66.1% QoQ
Operating margin
3.2%
Gross margin
9.6%
EPS (diluted)
$0.20
−97.0% YoY · −60.0% QoQ

Source: XBRL data from the Supermicro (SMCI) Q1 2025 10-Q on SEC EDGAR. USD.

Supermicro Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Increase in effective tax rate to 5.1% from (5.2)% for Q3 2025, triggered by decreased stock compensation tax deductions due to lower stock prices
  • Materially updated financial risk: $30.3 million loss on extinguishment of 2029 convertible notes due to amendment of terms impacting interest and expense recognition
  • Most impactful regulatory/legal risk: Increased professional and legal fees by $55.1 million driven by external reporting and compliance requirements
  • Operational risk: Supply chain constraints causing 7.0% decrease in subsystems and accessories sales as components prioritized for higher-value server systems
  • Financial risk: Cash and cash equivalents up to $2.5B, with $728.1M held overseas; borrowing and cash expected to cover operational and debt needs for next 12 months

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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