Super Micro Q4 Earnings: Half of Revenue is from AI

Super Micro beat on all accounts, and also raised full year guidance. Cash flow was negative this quarter but likely to be temporary. I’ve included some notes on this below. Today, the company has taken this further and raised FY2024 guidance considerably from $8.61 billion expected to $10 billion at the midpoint. Rough math of a 17% gross margin and a 9% net margin gets us comfortably above the $14.73 EPS expected for FY2024, as well, in the $16.00 adjusted EPS to $17.00 GAAP EPS range.

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