SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ:SMCI),
a global leader in high-performance, high-efficiency server, storage
technology and green computing, today provided preliminary information
regarding its financial results for the first fiscal quarter ended
September 30, 2015.
The company also announced that it will release first quarter fiscal
2016 financial results on Thursday, October 22, 2015, immediately after
the close of regular trading, followed by a teleconference beginning at
2:00 p.m. (Pacific Time).
The company now anticipates that it will report revenue for its first
quarter of fiscal 2016 in the range of $529 million to $530 million.
This compares to the company’s previous guidance range of $520 million
to $580 million.
Non-GAAP gross margin is expected to be approximately 15.6% to 15.7%.
The company anticipates that it will report non-GAAP operating expenses
for first fiscal quarter between $2.0 million and $3.0 million higher
than the fourth fiscal quarter of 2015. The increase in expenses was
primarily due to higher compensation expenses and headcount increases to
support new technologies and higher legal and other expenses associated
with our previously disclosed review of certain marketing expenses.
The company also anticipates that its non-GAAP earnings per share will
be in a range of $0.44 to $0.45. This compares to the company’s previous
guidance of $0.49 to $0.59.
The company ended the first quarter of fiscal 2016 with approximately
$113.6 million in cash and cash equivalents, and short and long term
investments compared to $98.1 million at the end of fourth quarter of
“Stronger seasonal effects combined with weaker Europe and Asia
activity, and customer push outs led to our revenue being at the lower
end of our guidance. The pattern of seasonally weak September and March
quarters as compared to stronger June and December quarters continues,”
said Charles Liang, Chairman and CEO. “We continue to maintain our full
year expectations for revenue growth for fiscal 2016 and remain
confident that Supermicro will continue to gain market share and grow
multiple times the industry growth rate led by growth in storage, cloud
computing, HPC and enterprise. We will provide more details on the first
quarter financial performance at the time of our earnings call later
Conference Call/Webcast Information for October 22, 2015
Supermicro will hold a teleconference to announce its first quarter
fiscal 2016 financial results on Thursday, October 22, 2015, beginning
at 2:00 p.m. (Pacific Time). Those wishing to participate in the
conference call should call 1-888-401-4668 (International callers dial
1-719-325-2464) a few minutes prior to the call’s start to register. The
conference ID is 9354543. A replay of the call will be available through
11:59 p.m. (Eastern Time) on Thursday, November 5, 2015, by dialing
1-877-870-5176 (International callers dial 1-858-384-5517) and entering
replay PIN 9354543.
Those wishing to access the live or archived webcast via the Internet
should go to the Investor Relations tab of the Supermicro website at www.Supermicro.com.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact
may be forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements may relate, among other
things, to our expected financial and operating results, our ability to
build and grow Super Micro Computer, the benefits of our products and
our ability to achieve our goals, plans and objectives. Such
forward-looking statements do not constitute guarantees of future
performance and are subject to a variety of risks and uncertainties that
could cause our actual results to differ materially from those
anticipated. These include, but are not limited to: our dependence on
continued growth in the markets for X86, blade servers and embedded
applications, increased competition, difficulties of predicting timing,
introduction and customer acceptance of new products, poor product
sales, difficulties in establishing and maintaining successful
relationships with our distributors and vendors, shortages or price
fluctuations in our supply chain, our ability to protect our
intellectual property rights, our ability to control the rate of
expansion domestically and internationally, difficulty managing rapid
growth and general political, economic and market conditions and events.
Additional factors that could cause actual results to differ materially
from those projected or suggested in any forward-looking statements are
contained in our filings with the Securities and Exchange Commission,
including those factors discussed under the caption "Risk Factors" in
About Super Micro Computer, Inc.
Supermicro®, a global leader in high-performance, high-efficiency server
technology and innovation is a premier provider of end-to-end green
computing solutions for Data Center, Cloud Computing, Enterprise IT,
Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro's
advanced Server Building Block Solutions® offer a vast array of
components for building energy-efficient, application-optimized,
computing solutions. Architecture innovations include Twin, TwinPro,
FatTwin™, Ultra Series, MicroCloud, MicroBlade, SuperBlade®,
Double-sided Storage®, Battery Backup Power (BBP®) modules and WIO/UIO.
Products include servers, blades, GPU systems, workstations,
motherboards, chassis, power supplies, storage, networking, server
management software and SuperRack® cabinets/accessories delivering
unrivaled performance and value.
Founded in 1993 and headquartered in San Jose, California, Supermicro is
committed to protecting the environment through its "We Keep IT Green®"
initiative. The Company has global logistics and operations centers in
Silicon Valley (USA), the Netherlands (Europe) and its Science &
Technology Park in Taiwan (Asia).
Supermicro, FatTwin, TwinPro, SuperBlade, Double-Sided Storage, BBP,
SuperRack, Building Block Solutions and We Keep IT Green are trademarks
and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names and trademarks are the property of their
Investor Relations Contact
Super Micro Computer, Inc.
G. Hayes, 408-895-6570
SVP, Investor Relations