Super Micro Computer, Inc. Q3 FY2021 Earnings Call
· Earnings call transcript and AI-powered summary
Overall Performance
- Q3 FY2021 revenue was $896M, up 16% year-over-year and up 8% sequentially from Q2 FY2021.
- This was the first time the company’s seasonally weak March quarter exceeded its December quarter.
- Non-GAAP EPS was $0.50, above the midpoint of guidance ($0.37–$0.57), though down from $0.63 in Q2 and $0.84 in Q3 last year.
- Asia-Pacific delivered record revenue, up 29% year-over-year and 28% quarter-over-quarter.
- The company emphasized strong traction in next-generation server platforms using Intel Ice Lake, AMD Milan, and Nvidia A100 GPUs.
Business & Strategic Developments
- System revenue accounted for 77% of total revenue; both shipment volumes and ASPs grew year-over-year and sequentially.
- Super Micro positioned itself as the fastest-growing U.S.-based server/storage manufacturer based on historical industry benchmarks.
- Strong customer adoption in AI, cloud, telco/5G, HPC, and enterprise segments.
- Notable win: liquid-cooled HPC system deployment at Osaka University.
- Early sampling and JumpStart programs accelerating new platform adoption.
Manufacturing, Supply Chain & Capacity Expansion
- Company highlighted ongoing supply chain tightness, higher freight costs, and component shortages.
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