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Supermicro Announces Third Quarter Fiscal Year 2025 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud,
About this update from Super Micro Computer, Inc.
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nSuper Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced unaudited financial results for its third quarter of fiscal year 2025 ended March 31, 2025.\n\nThird Quarter Fiscal Year 2025 Highlights\n\n\nNet sales of $4.60 billion versus $5.68 billion in Q2'25 and $3.85 billion in Q3'24.\n\n\n\nGross margin of 9.6% versus 11.8% in Q2'25 and 15.5% in Q3'24.\n\n\n\nNet income of $109 million versus $321 million in Q2'25 and $402 million in Q3'24.\n\n\n\nDiluted net income per common share of $0.17 versus $0.51 in Q2'25 and $0.66 in Q3'24.\n\n\n\nNon-GAAP diluted net income per common share of $0.31 versus $0.59 in Q2'25 and $0.66 in Q3'24.\n\n\n\nCash flow provided by operations for Q3'25 of $627 million and capital expenditures of $33 million.\n\n\n“We continue to make great progress with our DCBBS (Data Center Building Block Solution), DLC (Direct Liquid Cooled-2) and AI technology leadership, but some customers delayed making platform decisions in the quarter,” said Charles Liang, Founder, President, and CEO of Supermicro. “We do expect many of those commitments to land in the June and September quarters, reinforcing my confidence in our ability to meet our long-term targets, however economic uncertainty and tariff impacts may have a short-term impact. We believe that we are well positioned in the long-term to capitalize on the growing market opportunity.”\n\nThe non-GAAP gross margin for the third quarter of fiscal year 2025 was 9.7% with adjustments for stock-based compensation expenses of $7 million. The non-GAAP diluted net income per common share for the third quarter of fiscal year 2025 was $0.31. This non-GAAP figure includes adjustments for stock-based compensation expenses and the loss on extinguishment of convertible notes of $62 million and $23 million, which are net of the related tax effect of $22 million and $7 million, respectively. As of March 31, 2025, total cash and cash equivalents was $2.54 billion and total bank debt and convertible notes were $2.49 billion.\n\nRecent Corporate Governance Updates\n\nThe Company has made progress on strengthening its corporate governance practices and implementing recommendations by the Special Committee of the board of directors. All outstandi...