Supermicro

Supermicro® Announces Fourth Quarter Fiscal 2019 Preliminary Financial Information

SAN JOSE, Calif. — August 15, 2019 (BUSINESS WIRE) — Super Micro Computer, Inc. (SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced preliminary financial information for its fiscal fourth quarter ended June 30, 2019.

NEWS PROVIDED BY: Super Micro Computer, Inc. 

Preliminary Fiscal Fourth Quarter Highlights

The Company expects to report the following financial results for the quarter ended June 30, 2019:

  • Net sales in a range of  $825 million to $835 million compared to its previous guidance range of $770 million to $830 million
  • GAAP and non-GAAP gross margin in the range of 14.7% to 14.9%
  • GAAP fully diluted earnings per share in the range of $0.35 to $0.39; non-GAAP fully diluted earnings per share in the range of $0.57 to $0.61
  • Cash flow from operations of $81 million and capital expenditures of $11 million

GAAP gross margin for the fiscal fourth quarter of 2019 that the Company expects to report is in the range of 14.7% to 14.9% and GAAP fully diluted earnings per share is in the range of $0.35 to $0.39.

Non-GAAP gross margin for the fiscal fourth quarter of 2019 that the Company expects to report is in the range of 14.7% to 14.9%, which excludes stock-based compensation expense of $0.4 million. Non-GAAP fully diluted earnings per share is expected to be in the range of $0.57 to $0.61, which excludes stock-based compensation expense of $5.0 million and restatement related expenses and other non-recurring expense of $10.4 million less the related tax effects of both.

As of June 30, 2019, total cash, cash equivalents and short-term investments was $259.8 million and bank debt was $23.8 million.

Financial Information Is Preliminary and May Be Subject To Change

The unaudited interim financial information presented in this press release is preliminary. The final financial results reported for this period may also differ from the results reported in this release as a result of the work necessary for the preparation of financial statements.

First Quarter Fiscal 2020 Guidance

The Company expects net sales in a range of $750 million to $810 million for the first quarter of fiscal year 2020 ending September 30, 2019.

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 to, among other things, the preliminary financial information for the quarter ended June 30, 2019 and guidance for the first quarter of fiscal year 2020 ending September 30, 2019. 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, including the impact of any adjustments to the Company’s historical or current financial results as a result of the Audit Committee investigation and further testing, and the timing and consequences of the delays in the Company’s regaining compliance with its SEC filing obligations.  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 SEC, including those factors discussed under the caption “Risk Factors” in such filings, particularly our Annual Report on Form 10-K for the fiscal year ended June 30, 2017, which we filed on May 17, 2019.

Use of Non-GAAP Financial Measures

Non-GAAP gross margin and fully diluted earnings per share discussed in this press release exclude as applicable stock-based compensation expense, costs associated with the Audit Committee investigation and review and other non-recurring expenses described above, and the related tax effect of the applicable items. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company’s performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company’s financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Pursuant to the requirements of SEC Regulation G, the reconciliation between the Company’s GAAP gross margin and non-GAAP gross margin is stock-based compensation of $0.4 million and the reconciliation between the Company’s GAAP fully diluted earnings per share and non-GAAP fully diluted earnings per share is stock-based compensation of $5.0 million, and restatement related expenses and other non-recurring expense of $10.4 million less related tax effect of $3.6 million.

About Super Micro Computer, Inc. (SMCI)

Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, 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 respective owners.

SMCI-F

SOURCE: Super Micro Computer, Inc.

Related Links

http://www.supermicro.com

Supermicro Now Offering AMD EPYC™ 7002 Series Processor-based Systems to Customers Who Want to Transform Their Data Centers

New Supermicro H12 A+ Servers Set World Record Benchmarks and Deliver Superior Performance with AMD EPYC™ 7002 Series Processors
NEWS PROVIDED BY: Super Micro Computer, Inc. 

SAN JOSE, Calif., August 7, 2019 — Super Micro Computer, Inc. (SMCI), a global leader in enterprise computing, storage, networking solutions, and green computing technology, today launched its first family of new H12 generation A+ Servers optimized to deliver a new level of integration and superior performance for modern datacenters with AMD EPYC™ 7002 Series Processors.

Supermicro’s new H12 A+ servers with the 2nd Gen AMD EPYC™ processors are expected to deliver up to two times the performance with double the core count compared to 1st Gen AMD EPYC™ processor-based systems. With these new A+ Servers, customers can also expect improved GPU accelerator performance, as well as up to four times the peak FLOPS per socket.ii

Supermicro delivered world-record performance benchmarks on its new H12 A+ Servers for both TPCx-IoT, and TPC-DS categories. For TPCx-IoT, performance of 472200.88 IoTps was established on Supermicro’s H12 TwinPro™ 2U 4-node server where faster IoT gateway data analytics are critical for the coming explosion of IoT device numbers. This is especially with the massive bandwidth increase enabled by 5G networks. A new world record for TPC-DS was achieved using a Supermicro H12 A+ BigTwin system. This server delivers the highest performance and lowest performance per dollar for a 10TB database with 64% higher QphDS throughput (Composite Query per Hour Metric) and $0.05 savings per QphDS over the previous world record holders.

“Supermicro’s industry-leading H12 A+ servers leveraging AMD’s EPYC 7002 series processors provide an ideal combination of features for modern data centers including robust virtualization performance, up to 64 high-performance cores per socket, a maximum of 128 threads per socket, and onboard disk controllers to mitigate memory access bottlenecks,” said Ismail Sayeeduddin, Corporate Vice President, Sales and Business Operations. “Supermicro’s H12 A+ servers are available in multiple optimized configurations and storage densities to address customer requirements.”

“We’re excited and thankful to have our partners supporting the launch of AMD EPYC 7002 Series Processors,” said Scott Aylor, corporate vice president and general manager, Datacenter Solutions Group, AMD. “Their EPYC based solutions are poised to deliver a new standard for modern datacenter customers. With twice the cores, breakthrough performance and embedded security features, all delivered by a leadership architecture, customers can transform their datacenter operations at the pace of their business.”

Furthermore, these new Supermicro A+ Servers offer increased datacenter agility and responsiveness with a comprehensive and balanced feature set of I/O, memory, and security capabilities. As the first generation of systems with PCI-E® 4.0 support, these A+ Servers feature a large memory footprint of up to four terabytes (4TB) per socket running fast DDR4 memory up to 3200MHz.

Supermicro offers an industry-leading portfolio of AMD EPYC™ based systems and Server Building Block Solutions®. From single-socket mainstream and WIO servers to high-end Ultra server systems and multi-node systems, including BigTwin™ and TwinPro™, Supermicro enables customers to build application-optimized solutions with a multitude of configuration possibilities.

These new 2nd Gen AMD EPYC™ processors are also socket compatible with Supermicro H11 generation systems (drop-in support for board rev 2.x). This provides new and existing customers on the H11 gen systems a fast upgrade track when PCI-E® 4.0 support is not a necessity. Existing Supermicro H11 solutions are still uniquely competitive in the market as they can support up to DDR4-3200MHz memory.iii

Supermicro Brings Unprecedented Performance and Configurability to the Intelligent Edge for New Security, 5G, and AI Solutions English

The Latest Edge Servers Bring Up to 37 LAN Port Software Defined Networking Solutions, and Accelerated AI Inferencing to the Network Edge, Unleashing a New Class of 5G-Ready Solutions

NEWS PROVIDED BY: Super Micro Computer, Inc. 

SINGAPORE, July 15, 2019 /PRNewswire/ — Super Micro Computer, Inc. (SMCI), a global leader in enterprise computing, storage, networking solutions, and green computing technology reaffirms that its latest intelligent edge platforms are ideal for network security, Virtualized Network Functions (VNFs), and Multi-Access Edge Computing (MEC) for 5G and Internet of Things (IoT).

solutions for intelligent edge

Supermicro shows new Security, 5G and AI Edge solutions at RSA Asia

Supermicro’s network security edge solutions enable our partners’ networking software stacks, such as low-latency packet management, which is ideal for use in Unified Threat Management (UTM), Next-Generation Firewall (NGFW), Deep Packet Inspection (DPI), and other network security applications.

“Supermicro is committed to providing the most advanced edge and data center server solutions to support network security, IoT and MEC for 5G,” said Charles Liang, president and CEO of Supermicro.  “Supermicro’s Resource-Saving servers are highly configurable, enabling customers to pick the best memory, processors, connectivity, and software for deployment.”

Supermicro’s latest embedded servers powered by Intel® Xeon® D-2100 series processors, such as the 1019D-16C-FHN13TP, speed up computing and VNFs right where you need them in the micro data center or the intelligent edge, supporting Intel® Select Solution uCPE, 5G Virtualized Radio Access Network (vRAN), and MEC. These new edge platforms provide support for GPU accelerator cards or Intel® FPGA programmable acceleration cards to deliver local compute and AI inferencing, virtually converging the edge and cloud into one seamless data processing platform.

Supermicro’s SuperServer 1019D-FRN5TP brings ultimate versatility to your virtualized network edge with Advanced I/O Modules (AIOMs) that can be configured with up to 37 LAN ports to complement the platform’s array of VNF and SD-WAN capabilities. Also, the compact E300 SuperServer packs a lot of capability in a very small footprint – it can be used as security appliance or to deploy VNFs including SD-WAN and is also verified Intel® Select Solution uCPE. These platforms help eliminate complexity, accelerate deployments, and enable developers to focus on the business logic powering 5G and IoT applications and services.

Supermicro will showcase these new systems in Booth 1815 at RSA Asia 2019, July 16 – July 18, at Marina Bay Sands, Singapore.

For more information on Supermicro’s complete line of Embedded Building Block Solutions visit www.supermicro.com/Embedded or download an Embedded Solutions Brochure.

For more information on RSA Asia 2019 or to register for an expo pass, please visit https://www.rsaconference.com/events/ap19.

About Super Micro Computer, Inc. (SMCI)

Supermicro (SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, 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 respective owners.

SMCI-F

SOURCE: Super Micro Computer, Inc.

Related Links

http://www.supermicro.com

Supermicro Introduces Industry’s First Server & Storage Systems Supporting EDSFF – First Compact Open Industry Standard for All-Flash NVMe Optimized Storage

EDSFF’s Higher Density/Capacity and Improved Thermal Efficiency is Available to Customers in BigTwin™ 2U Four-node System and Multiple 1U Petascale Systems

SAN JOSE, Calif., June 25, 2019 — Super Micro Computer, Inc. (SMCI), a global leader in enterprise computing, storage, networking solutions, and green computing technology, today launched the industry’s first family of server and storage systems that support EDSFF (Enterprise and Datacenter Storage Form Factor) NVMe drives.

EDSFF is the first industry-standard all-flash NVMe specification optimized for storage; it propels NVMe to the next level with higher density, improved manageability, and optimal thermal efficiency. EDSFF builds on NVMe capabilities delivering six times more throughput and seven times latency reduction over traditional flash storage. It works with both long (E1.L) and short (E1.S) drives and many drive manufacturers support EDSFF, giving customers broader storage options with up to one or a half petabyte density in 1U.

“Supermicro is the first to market with server and storage systems that support EDSFF,” said Charles Liang, President and CEO of Supermicro. “Offering the industry’s most extensive line of NVMe, Hybrid NVMe, and SATA systems, the addition of EDSFF continues our NVMe market-leadership position. These optimized NVMe drives will support up to 32 hot-swap drives in 1U, which is ideal for the highest performing workloads or storage specific software optimized for IOPS. EDSFF establishes a common form factor we believe will be predominant in the future.”

“The latest industry standard NVMe storage is a game changer for the market,” said Jake Roersma, VP of Platform Engineering at Netskope. “A form factor that is optimized for SSD has proven to deliver superior performance while simplifying integration using open standards. Supermicro continues to lead the way by providing the deepest portfolio of NVMe products, best cost, and availability.”

Supermicro’s EDSFF family products:

BigTwin™

The unique new BigTwin 2U four-node system offers the highest performance (IOPS/GB) with ten E1.S drives plus two SATA M.2 per node. The BigTwin’s industry-leading multi-node efficiency with shared power and cooling is enhanced with the thermal efficiency of EDSFF drives to deliver additional resource savings. With no compromise on features, each node also supports dual 2nd Gen Intel® Xeon® Scalable processors up to 205-watts and 24 DIMMs.

1U Petascale Systems

Supermicro’s Petascale line of all-flash NVMe™ 1U storage servers supports next-generation flash technologies with up to 52GB/second data bandwidth, high IOPS performance, NVMe over Fabrics, and ease of maintenance.

The new EDSFF Petascale systems optimize capacity and efficiency ($/GB/Watt) and include the 1U Petascale E1.L with support for 32 high-capacity E1.L drives; the 1U Petascale E1.S, a 30” depth system with support for 32 high-capacity E1.S drives; and, the Petascale JBOF supporting 32 E1.L drives for storage expansion and connectivity up to eight hosts. All of these systems are available now.

Supermicro also offers a 1U Petascale system optimized for NF1 form factor NVMe drives that has been shipping in volume since Q4 2018. Like the EDSFF Petascale systems, the 1U Petascale NF1 supports 32 high-capacity drives.

For more information on Supermicro EDSFF products, visit www.supermicro.com/NVMe.

Source: Super Micro Computer, Inc.

Website: http://www.supermicro.com

Related articles:

https://www.supermicro.com/newsroom/pressreleases/2019/press190625_EDSFF_Product_Family.cfm
https://www.bloomberg.com/press-releases/2019-06-25/supermicro-introduces-industry-s-first-server-storage-systems-supporting-edsff-first-compact-open-industry-standard-for-all
https://www.prnewswire.co.uk/news-releases/supermicro-introduces-industry-s-first-server-amp-storage-systems-supporting-edsff-first-compact-open-industry-standard-for-all-flash-nvme-optimized-storage-863629311.html