At what point in time does you actually see the supply chain shortage more or less evaporate? It helped with a positive cash flow operation. Share this page Share via Facebook Share via Twitter Share via LinkedIn Share via Email Copy share link Copying. Date: November 29th, 2022. Top Stocks. TOOLS. These are our building blocks, united by our shared purpose of economic empowerment. CapEx was $10.8 million for Q1 resulting in positive free cash flow of $303 million versus negative free cash flow of $36 million last quarter. This vertical was up 268% year-over-year and up 28% quarter-over-quarter with strong growth coming from design wins from datacenter and OEM appliance customers. Review quarterly and annual revenue, net income, and cash flow for CN Energy Group Inc Ordinary Shares Class A (CNEY:XNAS) stock through the last fiscal year. New. SMCI's revenue has moved up $2,958,186,000 over the prior 67 months. A slides presentation and live audio/webcast will be available in due course. We're creating tools to help expand access to the economy. Our plug-and-play Rack-Scale Total IT solutions and GPU-based systems have resulted in triple-digit percentage growth year-over-year. Super Micro Computer Inc. Add to Scorecard. The company said it now expects Q1 net sales of $1.78B to $1.82B. Super Micro Computer, Inc. (SMCI) SEC Filing 8-K Material Event for the period ending Tuesday, November 1, 2022. I have a few falls tonight, so I may ask something thats already been addressed. And so to the extent that we have more growth, we will face those challenges, but based on our current forecasts, we expect cash flows to be close to net income. Minimum 15 minutes delayed. Block, Inc. is Square, Cash App, Spiral, TIDAL, TBD, and our foundational teams such as Counsel, Finance, and People that provide guidance at the corporate level. At Super Micro Computer, Inc., we promise to treat your data with respect and will not share your information with any third party. At this time I would like to welcome everyone to the Super Micro Computer Incorporated Fiscal Quarter One 2023 Results Conference Call. CommScope management believes that presenting certain non-'AAP financial measures enhances an investor's understanding of our financial performance. In that one month or three months, I mean we have some cash pressure, major because global shortage, so we had to keep large amount of inventory, now inventory program have been improved because no more big supply chain challenge now. Our Green Computing Solutions helped us gain market share as customers valued both generating less carbon in our environment and reducing their operating costs. My Portfolio. We have equally pursued our full price strategy with success by substantially lowering the discount rate. At Super Micro Computer, Inc., we promise to treat your data with respect and will not share your information with any third party. SAN JOSE, Calif.-- (BUSINESS WIRE)-- Supermicro (Nasdaq: SMCI ), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, today announced that David Weigand, Senior Vice President and . Our staffing services include consulting, contract-to-hire, and direct-hire . Our mix of complete systems and rack-scale Total IT Solutions has been increasing steadily. But I would love just context on customer penetration, any new customer acquisition that was contributed to the quarter. I know earlier in the quarter, there's NVIDIA news; I know a lot of companies got added to the entry list where any of those are customers. [Operator Instructions] Your next question comes from the line of Jon Tanwanteng from CJS Securities. Made in Silicon Valley, Computing for Mother Earth, Super Micro Computer, Inc. So therefore, the only impacts on FX come from really a price setting issues as opposed to balance sheet issues. And then updated guide for CapEx in FY2023. So we havent given a guide for FY2023 just for the next quarter. Yes. SAN JOSE, Calif. -- November 1, 2022 (BUSINESS WIRE) -- Supermicro (Nasdaq: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, today announced financial results for its first quarter of fiscal year 2023 ended September 30, 2022. Super Micro Computer (SMCI) $79.70 1.14 (1.41%) 16:00 EDT SMCI Stock Quote Delayed 30 Minutes. My first question is just looking at the guidance and I know you raised this, but the midpoint still suggests you're anticipating declining quarters on average for the rest of the year. Clover Health Reports Third Quarter 2022 Financial Results. I'm pleased to report Q1 fiscal 2023 revenues of $1.85 billion, a 79% year-on-year and 13% quarter-on-quarter increase. Super Micro Computer, Inc. And David, there was a line item. Second, our IT Products Solutions strategy, including data center management software, security features, cloud stack and service, offers customers a peace of mind and quicker time to market while expanding our TAM. Anything that you havent given yet, I can take it offline with you or get out the transcript. So yes, so we are in much stronger position from this point of view with our kind of large-scale total solution. Quote data delayed by at least 15 minutes. These additional new products will specifically be optimized for: number one, high-end AI workloads; second, 5G telco applications; third, accelerated storage systems; and number four, specific technology partner and top tier customer engagements. Our Q1 gross margin demonstrates the success of our high-value rack-scale Total IT Solutions. Simply Wall St. Jun-21-22 06:36AM. Super Micro Computer stock investors activity. HOME; Product Information. SPRC. Interacting with equity research analysts. We expect other income and expense, including interest expense to be a net gain of approximately $1.6 million and expect a nominal contribution from our joint venture. Huadi International Group Co., Ltd. We assume no obligation to update any forward-looking statements. And I'm sorry I missed quite a bit of a conference call, so you probably already hit upon this, but what are you seeing on the supply chain side at this point? Sponsored by Businesswire. Supermicro Announces Participation in Upcoming Investor Events. Anti-Slavery and Human Trafficking Statement. Jane Fraser Chief Executive Officer. We work closely with our customers, designing solutions that are both optimized for performance and efficiency, putting them on the path of Green Computing. The Company was founded in 1962 and is headquartered in Houston, Texas. This is despite a worsening macro. Revenues exceeded our initial guidance range of $1.52 billion to $1.62 . Investor Relations "Our risk management continues to be highly successful, whilst we have continued to make significant investments in and improvements to our technology capability, all of which are building solid foundations for ongoing success in the future" Lord Cruddas, Founder and CEO, June 2021 Investment case Share price 240.50-1.00 (-0.41 %) GBp Volume 207,951. But we went we underwent a lot of heavy lifting Mehdi to get our revenue levels up and our AR levels up as we were growing. SMCI Stock investors sentiment based on 568,348 active investor portfolios. So Mehdi, probably may have heard that a lot of GPU prices and CPU prices are going up, especially with the new the new refreshes that are coming out. Accounts receivable decreased sequentially by $98 million from strong collections, while accounts payable increased sequentially by $130 million due to the timing of payments to our vendors. View the investor activity. Copied! Simply Wall St. So that we didnt have any push out, so. We now have hundreds of early seeding engagements including several dozen early shipments. Super Micro Computer, Inc. (NASDAQ:NASDAQ:SMCI) Q3 2022 Earnings Conference Call May 03, 2022 05:00 PM ET Company Participants Nicole Noutsios - Investor Relations Charles Liang - Founder,. Other Income & Expense was approximately $4.1 million in income primarily consisting of $7.8 million in foreign-exchange gains offset by interest expense of $3.9 million as compared to $4 million in FX gain and $2.9 million in interest expense last quarter. For more than thirty years SMCI has been an IT staffing solutions leader in the regional markets we serve. Yes, very good question. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. October 25, 2022 onsemi . By providing your email address below, you are providing consent to Super Micro Computer, Inc. to send you the requested Investor Email Alert updates. AUM in Equity ETFs Linked to MSCI Indexes, Barclays Global Financial Services Conference 2022. These forward-looking statements are subject to assumptions, risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in the forward-looking statements. The company's projections for GAAP annual net income assumes a tax rate of 19.2% and a rate of 19.8% for non-GAAP net income. San Jose, CA 95131. With me today are Charles Liang, Founder, Chairman and Chief Executive Officer, and. Good afternoon. Invest Like a Pro with Unique Data . We are comfortably delivering quarterly revenue in the multibillion-dollar range, supporting our ambition of reaching $20 billion in the near distant future with a focus on increasing our profitability. Thanks for taking my question. And this year is, again, that's why I just mentioned so many new technologies coming. 01. Based on 3 Wall Street analysts offering 12 month price targets for Super Micro Computer in the last 3 months. Supermicro Announces Participation in Upcoming Investor Events; Trending News. Sure, absolutely. Information collection/preparation. In 2021, UMC's gross margin was 33.8% with an operating margin of 24.3%, resulting in an earnings per share of NT$4.57. Thanks, Charles. Should I assume similar capital intensity as last year, just for modeling cash flows? You must click the activation link in order to complete your subscription. Asia increased 3%, Europe increased 31% and Rest of World increased 78%. For an explanation of our non-GAAP financial measures, please refer to the accompanying presentation or to our press release published earlier today. Great, thank you for that. Our fiscal first quarter non-GAAP earnings per share grew over 490% year-over-year at $3.42 compared to $0.58 a year ago. About us. Average Price Target $85.00. Investor Relations. Please disable your ad-blocker and refresh. For the first time, we are offering standard OCP-optimized platforms and rack products. And I have a follow-up. You can sign up for additional alert options at any time. This capability gives customers an unparalleled breadth of choice in dynamic markets, including Edge/5G, data centers, public/private cloud, and artificial intelligence; plus, Supermicro offers world-class software and service. So as Charles mentioned, there's new CPUs coming out from AMD, from NVIDIA, from Intel, as well as relative new product launches. So we anticipate that ASPs will continue to go up. We expect gross margins to be down 75 basis points to 100 basis points due to competition from a strong U.S. dollar and macro-economic conditions. Okay. Sort of upcoming Intel AMD and Nvidia cycles, should we think of those as being potentially meaningfully incremental to your business run rate or those sort of blended in? Computershare Shareowner Services LLC P.O. Some of the factors which could cause Meta's results to differ materially from its expectations include, but are not . [Operator Instructions] There are no further questions at this time. For Intel, we are engaged with many large opportunities with Intels upcoming Gen 4 scalable Xeon CPU codenamed Sapphire Rapids. Because of that fact, it's of the utmost importance for companies to maintain strong . ( Brochure / VIP Web Portal) Supermicro Hardware Maintenance provides flexible and customizable Service Level Agreements for logistic, remote help desk and rapid onsite support to cover Supermicro hardware solutions. Feb. Q4 2022 results. The average price target represents a 18.29% change from the last price of $71.86. Anti-Slavery and Human Trafficking Statement. Are there any CapEx plans or should we be thinking of any other things you may want to use the cash to invest in? Supermicro is a leading provider of application-optimized, high-performance server and storage solutions that address a broad range of computational-intensive workloads. Okay. Our 5G/Telco/Edge/IoT Segment achieved $90 million in revenues representing 5% of Q1 revenues, which was the same as last quarter. Just help us understand what you're thinking within the brackets of this year going forward. Now this new updated guidance implies 10% to 15% revenue growth. So thats good. Your line is open. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. By providing your email address below, you are providing consent to Super Micro Computer, Inc. to send you the requested Investor Email Alert updates. GAAP operating expenses are expected to be approximately $133 million and include $11.8 million in stock-based compensation that is not included in non-GAAP operating expenses. Your next question comes from the line of Ananda Baruah from Loop Capital. I think well come out with a little with more of a guide later on. At the end of today's prepared remarks, we will have a Q&A session for sell-side analysts to ask questions. With over 20 years of hardware design experience, Supermicros server Building Block Solutions, coupled with extensive in-house design and manufacturing, enables the Company to rapidly develop, build, and test server and storage systems, subsystems, and accessories with unique configurations. Who we are. We delivered strong Q1 non-GAAP diluted EPS of $3.42 which was up 490% year-over-year and up 31% quarter-over-quarter and exceeded the high end of the original guidance range of $2.07 to $2.32 and the recently updated range of $3.05 to $3.20. Most of today's presentation will refer to non-GAAP financial results and business outlook. Announces Pricing of $25 Million Registered . Analysts polled by FactSet had expected earnings of $2.16 . More than 3,500 SMA employees in 20 countries have dedicated themselves to this task. You can see our cash conversion cycle came down and that was a result of, we were able to speed collections and also we did receive some advance customer payments and we'll have a little bit more color on that in our 10-Q, which should be filed in the next few days. Investors play a major and vital role in the success and growth of a company. As I have mentioned earlier, Green Computing can be free with proper advanced planning, with a bonus that keeps paying back. Thank you, Michael, and good afternoon, everyone. HUDI. And we make for example, water cooling much easier and much quicker delivery time. Or are you thinking of specific customer programs there at the midpoint or is something else? Get the latest Super Micro Computer, Inc SMCI detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. In addition, CommScope management believes that these non-GAAP financial measures are useful in assessing ommScope's operating performance from period to period by excluding certain items that we believe are not representative of our core . Your line is open. Concerned SMCI stock investors investors may contact attorneys Alan Rosca or Paul Scarlato to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage. Furthermore, as the component shortages start to ease, our ability to deliver our best-in-class solutions will begin to accelerate, giving our customers even greater confidence in our ability to service their IT needs. Our solutions in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create an integrated technology ecosystem to help make communities safer and businesses stay productive and secure. If you experience any issues with this process, please contact us for further assistance. For sure, customer will buy new product to replace that old product, right? My name is Abbey and I will be your conference operator today. MSCI Investor Relations MSCI is a leading provider of critical decision support tools and services for the global investment community. So we'd like to take this chance to continue to gain market share. The evolution of social, mobile, and cloud has created a need for different security requirements and connectivity. As I earlier just mentioned, we just introduced a couple of business automation tool, including auto configurator, including auto online, online service. We have also published management's scripted commentary on our website. Good afternoon and thank you for attending Supermicro's call to discuss financial results for the first quarter, which ended September 30, 2022. And otherwise our CapEx for next quarter was listed as $7 million to $10 million and so we don't anticipate large increases in inventory. Learn More . So we try to be more conscious. UK Stock Market Overview. Investors who purchased shares of Super Micro Computer, Inc. (NASDAQ: SMCI) and currently hold any of those Super Micro Computer, Inc. (NASDAQ: SMCI shares have certain options and should contact . On a quarter-over-quarter basis, U.S. revenues increased 21%, Asia decreased 4%, Europe increased 5%, and Rest of World decreased 5%. Thank you for joining us today and expect to meet you next quarter. This was also this vertical was also up 58% year-over-year and 9% quarter-over-quarter. 980 Rock Avenue Indeed since quickly improved in about last two months. Thank you. MSCI ESG Fund Ratings are designed to measure the Environmental, Social and Governance (ESG) characteristics of a fund's underlying holdings, making it possible to rank or screen mutual funds and ETFs on a AAA to CCC ratings scale. Is that express function of an expectation of perhaps with a recession or macroeconomic pressure on your clients? The San Jose, Calif.-based company earned an adjusted $2.62 a share on sales of $1.64 billion in its fiscal fourth quarter ended June 30. After submitting your request, you will receive an activation email to the requested email address. These FAQs provide answers to some questions you may have. Investor Relations 09/06/2022 SoFi to Participate in Upcoming Investor Conferences Read More Corporate Overview SoFi's mission is to help people reach financial independence to realize their ambitions. To address the growing demand of Total IT Solutions, our manufacturing capacity in both Silicon Valley and Taiwan campuses continues to gear toward delivering more L10, L11 and L12 rack scale systems, including our new liquid cooled solutions. For fiscal year 2023, we are assuming a fully diluted share count of 57 million shares for GAAP and 58.4 million shares for non-GAAP. Because no one really know how long the economic headwind will last. As we continue to gain IT market share with the best rack-scale Plug-and-Play IT Total Solutions, I believe we will soon become a $20 billion revenue company. So we'll continue to focus on quickly growing the company market share and our position. So we dont consider this to be a significant issue for us going forward. Especially, the growing utilization of our Taiwan facility is improving our ability to meet demand and making higher operating margin. New PMI Investor Relations mobile app is now available Our newly designed Investor Relations mobile application provides users with easier, more dynamic and comprehensive access to the company's Investor Relations information, such as stock quotes, press releases, SEC filings, investor materials, and live and archived webcast playback of earnings calls and investor presentations. SAN JOSE, Calif., November 07, 2022 -- ( BUSINESS WIRE )-- Supermicro (Nasdaq: SMCI ), a Total IT Solution Provider for Cloud, AI/ML . Latest News October 31, 2022 onsemi Reports Record Third Quarter 2022 Results. Combining our hardware Building Block Solution, advancing software, security and service features, our Total IT Solutions are getting ever stronger. They recognize and accept the strong value proposition of our Green Computing technology and Total IT Solutions. Institutional Clients Group. Please note that some of the information youll hear during our discussion today will consist of forward-looking statements, including without limitation those regarding revenue, gross margin, operating expenses, other income and expenses, taxes, capital allocation, and future business outlook, including guidance for the second quarter of fiscal year 2023 and the full fiscal year. But we received about $70 million in advance payments from customers, so that helped us out. Okay. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Zscaler's purpose-built security platform puts your defenses and controls where the connections occur the internet so that every . From a systems level perspective, we are ready to launch a full line of next generation products with technologies across our key partner ecosystem. Supermicro is finally ready to do a big jump, for Green Computing and for being the best IT Total Solution company. San Jose, CA 95131. If half of the IT industry adapts Supermicros Green Computing solutions or develops solutions as green as ours, together we can potentially save the industry up to $10 billion in electricity costs per year, which is equivalent of eliminating about 30 fossil fueled power plants. Revenues exceeded our initial guidance range of $1.52 billion to $1.62 billion and our recently updated range of $1.78 billion to $1.82 billion. But because we always have a stronger new product line, a new technology, thats how we expect we will continue to gain customer base and also improve customer relationship because of a stronger product. Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Could Be 22% Below Their Intrinsic Value Estimate. Within the IR department, these tasks serve as the information backbone and . TipRanksTV. During fiscal Q1, we observed strength in the U.S. market with U.S. representing 70% of revenues; Asia represented 14%, Europe 13%, and Rest of World 3%. And so well get a well have a few puts and takes where customers prepay more or less from quarter-to-quarter. ADVANCED RESEARCH. investors. Highest Price Target $137.00. Computershare. In fiscal Q1, Super Micro again recorded strong revenues across all three of our market verticals demonstrating the value we bring to our end markets and customers. We still have a repurchase plan in place as market and the board review that policy. And then the second question just with the really strong cash flow you have in the quarter and an expectation for future cash generation, what are your priorities there for cash usage? You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Financial modeling & research model creation. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Days of inventory was 100, representing a decrease of seven days versus the prior quarter of 106 days as we managed our inventory more efficiently. Despite already having the broadest server and storage portfolio in the industry, we are expanding our product lines by 25% in supporting our future growth. To summarize, we are emerging as one of the largest global suppliers of global IT solutions. Your line is open. Is this happening to you frequently? We expect CapEx for the fiscal second quarter of 2023 to be in the range of $7 million to $10 million. Whether you are a member of the Board, a senior leader, or starting your first day as an employee of Johnson Controls, we all come to work with the understanding that integrity is the cornerstone of our success, and it is a fundamental element to effective Corporate Governance. 09-12. Thank you. Its 3 year net income to common stockholders growth rate is now at 155.16%. The Q1 non-GAAP gross margin was 18.8%, up 120 basis points quarter-over-quarter from Q4 and up 540 basis points year-on-year due to price discipline, lower freight costs and leverage from higher factory utilization. The increases to earnings per share were due to a combination of higher revenues, higher gross margins from manufacturing efficiency, price discipline and operating leverage. Thanks for the update on the fiscal year and I just want to better understand how your system ASP would trend given the updated fiscal year 2023 revenue guides. But they sort of just like blend into the run rate? This event is transmitted via the internet and a telephone conference. Generally a little bit kind of signal we need to observe that, but again new product, new technology that will offset this macro economy weakness. Subsystems/accessories represented 8% of Q1 revenues and was down 24% year-over-year and down 9% quarter-over-quarter as we prioritized our key customers with high-growth rack-scale applications. And then what I mean by that is the supply some of the supply chain issues we have our cash flows are a little more imbalanced and so we expect cash flows to be a little more in line with income. Now turning to the outlook for our business, we are carefully watching the global macro-economic situation and supply-chain dynamics. BARC . You can sign up for additional alert options at any time. SBI, with its heritage dating back to the year 1806, strives to continuously provide latest and upto date information on its financial performance. There are a number of risk factors that could cause Supermicro's future results to differ materially from our expectations. You must click the activation link in order to complete your subscription. SMA - Energy that changes. Did you see any weakness in the quarter from any end markets or customers or geographies? Our GAAP and non-GAAP tax expenses increased due to the higher level of pre-tax profits. First, our unique building block solution design methodology enables us to create optimized products from system level to rack-scale. On a year-on-year basis, U.S. revenues increased 131% as we gained market share with our advanced rack-scale Total IT Solutions for high-growth server workloads. So all of those we believe will be a positive drive for our business growth. Our business model has been optimized, our engineering teams are fully ready, and our worldwide campus production capacity and efficiency are now second to none. From a financial perspective, Supermicros Green Computing solution lowers customer datacenter TCO while maximize performance per kilowatt, increase compute capacity per rack, lower facilities costs while add location flexibility, in particular to power constrained regions with higher power cost. Thanks. We are on target to scale our rack scale production capacity to 3000 racks per month in U.S. in the near future. So we haven't changed our CapEx allocation strategy. You must click the activation link in order to complete your subscription. With planning in advance for green computing, indeed Green Computing can be free, with bonus! The 3 year net cashflow from operations growth rate now stands at -234.1%. ANNUA REPORT 2020 KOP IMITED 3 MESSAGE FROM THE EXECUTIVE CHAIRMAN Dear Shareholders, On behalf of the Board of Directors, I am presenting KOP Limited ("KOPL" or "Group") annual report for the financial year ended 31 March 2020 ("FY2020"). Thank you for taking my questions. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Let me not forget, I want to take a moment to thank our Super Micro employee teams, our suppliers, and our partners for their continued dedication to making Super Micro a market leader. After submitting your request, you will receive an activation email to the requested email address. can learn more about these risks in the press release we issued earlier this afternoon, our most recent 10-K filing for fiscal 2022, and our SEC filings. Okay, great. A COVID 2020 Most of the messages we read this year had referred to COVID . Super Micro Computer, Inc. (SMCI) SEC Filing 8-K Material Event for the period ending Tuesday, November 1, 2022 . Data Provided by Refinitiv. Mr. Charles Liang, I turn the call back over to you. You must click the activation link in order to complete your subscription. Enter Your Email Below . SEC . I was wondering if you were seeing any kind of impacts on the sanctions on China by the U.S. if there are any. Tasnim Ghiawadwala Global Head of Commercial Bank. We did not buy back any shares during the quarter and have $200 million in share repurchase authorization until January 31, 2024. How should we think about the consequences of those actions? Turning to operating expenses, Q1 OpEx on a GAAP basis increased by 4% quarter-on-quarter and 17% year-on-year to $127.4 million.
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