Friday, April 15, 2016

Supermicro Sees Revenue at Low End of Range

Super Micro Computer said it now anticipates that it will report revenue for its third quarter of fiscal 2016 (ended 31-Mar-2016) in the range of $530 million to $533 million -- at the low end of the company's previous guidance range of $530 million to $580 million.

Non-GAAP gross margin is expected to be approximately 14.8% to 14.9% primarily due to lower demand with some large customers and the channel which led to lower cost absorption based on lower utilization as well as product mix.

“While we saw the market slow down a little in the March quarter, Supermicro revenue continued to grow at an industry leading pace by growing 12% to 13% year over year. However, results for this quarter were weaker than forecasted due to weaker demand with some large customers and the channel than we anticipated. January and February were particularly soft while March showed improved momentum. Storage and datacenter continued to grow,” said Charles Liang, Chairman and Chief Executive Officer. “We are confident that Supermicro will continue to gain market share consistently and grow multiple times the industry growth rate in the upcoming quarter and year. We will provide more details on the third quarter financial performance at the time of our earnings call later this month.”

See also