Super Micro Computer, Inc. - SMCI STOCK NEWS

Supermicro (NASDAQ: SMCI) unveiled new petascale all-flash NVMe servers designed for high-density storage and efficient data handling. The systems support EDSFF form factors, accommodating 16 and 32 Gen5 NVMe drives. Initial models offer up to 0.5PB in a 1U rack and 1PB in a 2U rack, catering to Intel and AMD platforms. CEO Charles Liang emphasized that the innovation meets user demands for speed and capacity, offering reduced total cost of ownership. The architecture minimizes latency and enhances operational efficiency, making it ideal for AI applications and heavy computational loads.

Supermicro (NASDAQ: SMCI) has announced a collaboration with Rakuten Symphony to enhance 5G network systems using application-optimized servers for various workloads. This partnership aims to simplify the deployment of cloud-based mobile services globally, addressing challenges operators face with Open RAN adoption. Supermicro's Building Block design allows quick certification of servers, enhancing performance, security, and cost-effectiveness. Rakuten Symphony plans to utilize Supermicro's 4th Gen Intel Xeon Scalable Processors for their Distributed Units and Centralized Units, which will help deliver timely services to mobile operators worldwide.

Supermicro (NASDAQ: SMCI) unveiled its latest AI and edge computing systems in Barcelona, achieving up to 30X faster AI inference capabilities and 60% enhanced workload performance using 4th Gen Intel Xeon processors. These systems are designed specifically for Telco applications and include advanced thermal architecture allowing operation in high-ambient environments. Supermicro's servers support NVIDIA H100 GPUs and the new Intel Data Center GPU Max Series, optimizing a range of workloads. The company is demonstrating its solutions at MWC 2023, highlighting its commitment to efficient and environmentally friendly computing technologies.

Supermicro (Nasdaq: SMCI) announced its participation in three key investor conferences:

• SIG 12th Annual Growth Conference on March 3, 2023 (Virtual, 1x1 meetings only)
• Keybanc Capital Markets Emerging Technology Summit on March 7, 2023, at 10:30 am PST (San Francisco, CA)
• Loop Capital Market’s 4th Annual Investor Conference on March 14, 2023 (New York, NY, 1x1 meetings only)

Supermicro specializes in Application-Optimized Total IT Solutions, including server, AI, storage, IoT, and networking systems. Their products aim to improve Total Cost of Ownership (TCO) and reduce environmental impact.

Supermicro (Nasdaq: SMCI) reported its financial results for Q2 FY 2023, with net sales of $1.80 billion, down from $1.85 billion in Q1 but up 54% year-over-year. The gross margin stood at 18.7%, slightly decreased from 18.8% in Q1. Net income was $176 million, a drop from $184 million in the preceding quarter, while diluted net income per share was $3.14 compared to $3.35 in Q1. The company's cash flow from operations totaled $161 million, and as of December 31, 2022, cash and equivalents were $305 million with total bank debt of $170 million. For Q3 FY 2023, Supermicro expects net sales between $1.42 billion and $1.52 billion.

Supermicro (SMCI) announced preliminary financial results for Q2 of fiscal 2023, projecting net sales between $1.77B and $1.80B, exceeding prior guidance of $1.7B to $1.8B. Expected GAAP diluted earnings per share are estimated at $2.95 to $3.10, up from $2.54 to $2.81 previously. Non-GAAP diluted earnings are projected at $3.07 to $3.22, also higher than earlier estimates. The official financial results will be released on January 31, 2023, followed by a conference call at 2:00 PM PST.

Supermicro (NASDAQ: SMCI) has launched over 15 families of X13 servers optimized for AI, cloud, and edge workloads, powered by the new 4th Gen Intel Xeon Scalable processors. These systems promise up to 60% improved performance with enhanced security features, faster memory, and better energy efficiency. The X13 series supports high ambient temperature operations, liquid cooling, and advanced networking capabilities, all aimed at reducing operational costs. This launch underscores Supermicro's commitment to innovative IT solutions tailored for modern infrastructure demands.

Spruce Point Capital Management warns investors about significant risks associated with Super Micro Computer (SMCI). The firm highlights the company's history of SEC accounting violations, raising concerns over financial reporting and cash flow conversion. It identifies a rising dependency on major customers, particularly Meta Platforms, which could exacerbate financial strains. Spruce Point estimates a 40% to 50% downside risk on SMCI's stock price, projecting a target range of $42.39 to $50.86 per share. The report urges investors to scrutinize revenue claims closely.

Supermicro (Nasdaq: SMCI), a leader in IT solutions for Cloud, AI/ML, Storage, and 5G/Edge, will participate in the 25th Annual Needham Virtual Growth Conference on January 12, 2023. The conference will consist of one-on-one meetings only, highlighting Supermicro's commitment to delivering innovative IT infrastructure solutions. Based in San Jose, California, the firm provides Application-Optimized Total IT Solutions, focusing on optimized products for enterprise and cloud sectors, all while prioritizing environmental sustainability.