Super Micro Computer, Inc. Q3 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Q3 FY24 revenue reached 3.85 billion dollars, up 200 percent year over year and 5 percent quarter over quarter. Growth was led by strong demand for AI GPU platforms and rack scale deployments.
  • Non-GAAP EPS was 6.65 dollars, up from 1.63 dollars in the prior year (+308 percent year over year). GAAP EPS was 6.56 dollars.
  • Supermicro continues to benefit from accelerating AI infrastructure demand, particularly in liquid-cooled, high‑density rack solutions.
  • Management emphasized ongoing supply chain constraints for certain new liquid‑cooling components but expects improvement in coming quarters.

Business and Technology Highlights

  • Supermicro is scaling its Direct Liquid Cooling (DLC) platform to high‑volume production. New DLC building blocks and rack-scale systems are ready for mass deployment.
  • Company is supporting GPUs such as NVIDIA H100/H200/B100/B200/GH200/GB200, AMD MI300X/MI300A and Intel Gaudi2/Gaudi3, with support for both air and liquid cooling.
  • Significant ramp of next‑generation X14 and H14 product lines using Intel Xeon 6 and AMD Turin processors.
  • Supermicro aims to ship more than 1,000 DLC‑equipped NVIDIA HGX racks (each supporting 64 GPUs) to three large customers in the June quarter.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Thank you for standing by. My name is Joel, and I will be your conference operator today. At this time, I would like to welcome everyone to the Super Micro Computer Fiscal Q3 2024 Results on April 30, 2024. With us today are Charles Liang, Founder, President, and Chief Executive Officer; David Weigand, CFO; and Michael Staiger, Vice President of Corporate Development. 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. Michael Staiger: Good afternoon, and thank you for attending Supermicro's call to discuss financial results for the third quarter, which ended March 31, 2024. With me today are Charles Liang, Founder, Chairman and Chief Executive Officer, 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 in the Investor Relations section of the company's website under the Investor -- excuse me, under the Events & Presentations tab. We have 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,

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional