Super Micro Computer, Inc. Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Fiscal Q2 2022 revenue reached $1.17 billion, up 41% year-over-year and 14% quarter-over-quarter, hitting the high end of guidance ($1.1 billion–$1.2 billion).
  • Non-GAAP EPS was $0.88, up 40% from $0.63 in the prior-year period and near the high end of guidance ($0.70–$0.90).
  • The company delivered its third consecutive quarter above $1 billion in revenue.
  • Total trailing 4‑quarter revenue reached $4.17 billion.

Key Growth Drivers

  • Geographic performance:
    • APAC revenue +76% year-over-year, driven by expansion and added production capacity in Taiwan.
    • Europe +39%, U.S. +38% year-over-year.
  • Vertical markets:
    • Organic Enterprise, Channel, AI/ML: $756 million.
    • OEM Appliance & Large Data Center: $274 million.
    • 5G/Telco & Edge/IoT: $142 million, more than doubling sequentially as new designs entered production.
  • Strong momentum from AI, GPU, Metaverse/Omniverse workloads, with many major customers committing to new GPU platforms.
  • Growing traction in 5G/Telco after multi-year design cycles; multiple customers have moved from qualification to production.

Margins and Profitability

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Operator: Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the Super Micro Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions] Thank you. It’s now my pleasure to turn the call over to Nicole Noutsios, Investor Relations. Please go ahead. Nicole Noutsios: Good afternoon. And thank you for attending Super Micro’s call to discuss financial results for the second quarter, which ended December 31, 2021. With me today are Charles Liang, Founder, Chairman and Chief Executive Officer; Patrick Wang, President, East Coast and SVP, Strategy and Corporate Development; and David Weigand, Chief Financial Officer. By now, you should have received a copy of the news release from the company that was distributed at the close of regular trading and is available on the company’s website. As a reminder, during today’s call, the company will refer to a presentation that is available to participants on the IR section of the company’s website under Events & Presentations tab. We have also published management’s scripted commentary on our website. Please note that some of the information you’ll hear during our discussion today will consist of forward-looking statements, including without limitation those regarding revenue, gross ma

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