Super Micro Computer Inc Stock Price, News & Analysis

Supermicro (NASDAQ: SMCI) has unveiled its new FlexTwin family of systems, designed for high-performance computing (HPC) tasks. These multi-node liquid-cooled servers offer unprecedented compute density, supporting up to 96 dual-processor nodes in a 48U rack. Key features include:

- Support for high-frequency CPUs up to 500W with direct liquid cooling (DLC)
- Multi-vendor CPU support with up to 12 memory channels per CPU
- Front-accessible hot-swap components for easy maintenance
- Enhanced reliability with redundant power supplies and hot-swappable cooling pumps
- Optimized for rack-level liquid cooling solutions

Supermicro offers complete rack-scale integration services, with a global manufacturing capacity of up to 5,000 racks per month, including 1,350 liquid-cooled racks.

Supermicro is previewing new X14 server platforms designed for AI, HPC, and critical enterprise workloads. These systems feature significant upgrades, including support for 256 performance cores in a single node, MRDIMMs at 8800MT/s, and compatibility with next-generation GPUs. The new platforms offer unprecedented performance and advanced features, with Supermicro ready to deliver high-performance solutions at rack-scale with comprehensive direct-to-chip liquid cooling and total rack integration services. The company has a global manufacturing capacity of up to 5,000 racks per month, including 1,350 liquid-cooled racks.

Super Micro Computer (NASDAQ: SMCI) has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. The company expects to file a Notification of Late Filing on Form 12b-25 on August 30, 2024. SMCI cites the need for additional time for management to complete its assessment of internal controls over financial reporting as of June 30, 2024. The company has not made any updates to its previously announced results for the fiscal year and quarter ended June 30, 2024, which were released on August 6, 2024. This delay suggests potential challenges in SMCI's financial reporting processes.

Supermicro (Nasdaq: SMCI) has appointed Susie Giordano to its board of directors. Giordano brings over 25 years of experience advising executive management and board directors on various topics, including strategy, compliance, and corporate governance. She previously worked at Intel for about 11 years, serving as interim general counsel and holding roles at Intel Capital. Giordano's extensive background includes positions at Deal Fusion, Sun Microsystems, and Aeris IoT SaaS.

Charles Liang, Supermicro's Board Chairman, expressed excitement about Giordano's appointment, highlighting her extensive executive management experience in large technology companies. Giordano's expertise spans areas such as M&A, securities, shareholder engagement, and treasury matters. Her diverse experience is expected to contribute to Supermicro's future growth.

Supermicro (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, has announced its participation in four upcoming investor events. These include:

• Rosenblatt 4th Annual Virtual Tech Summit on August 19, 2024 (virtual, 1x1's only)
• Deutsche Bank 2024 Technology Conference on August 28, 2024 in Dana Point, CA (1x1's only)
• Citi's 2024 Global TMT Conference on September 4, 2024 in New York, NY (Fireside chat at 8:20 am ET)
• Goldman Sachs Communacopia + Technology Conference on September 9, 2024 in San Francisco, CA (Fireside chat at 3:05 pm PT)

These events provide opportunities for investors to engage with Supermicro and gain insights into the company's strategies and performance.

Supermicro (SMCI) announces its 5th Annual Open Storage Summit '24, starting August 13, 2024. This virtual event features 7 sessions with 17 leading storage technology partners and 30 speakers, discussing best practices and new developments in storage for AI, CSP, HPC, HCI, and other workloads. The summit spans three weeks, from August 13 to August 29, covering topics such as AI data pipelines, media storage workflows, hyperconverged infrastructure, hyperscale AI, storage architecture decisions, high-performance computing, and CXL technology. Participants include industry leaders like NVIDIA, AMD, Intel, Nutanix, Micron, and others, focusing on addressing today's top storage-related challenges and emerging technologies.

Supermicro (NASDAQ: SMCI) reported strong financial results for Q4 and full fiscal year 2024. Q4 highlights include:

- Net sales of $5.31 billion, up from $3.85 billion in Q3 and $2.18 billion year-over-year
- Gross margin of 11.2%, down from 15.5% in Q3 and 17.0% year-over-year
- Net income of $353 million, down from $402 million in Q3 but up from $194 million year-over-year
- Diluted EPS of $5.51, down from $6.56 in Q3 but up from $3.43 year-over-year

For fiscal year 2024, net sales reached $14.94 billion, a 110% increase year-over-year. The company announced a 10-for-1 stock split effective October 1, 2024. Supermicro expects Q1 FY2025 net sales between $6.0-$7.0 billion and projects FY2025 net sales of $26.0-$30.0 billion.

Supermicro (NASDAQ: SMCI) has launched a new SuperCluster for NVIDIA Omniverse, expanding its AI infrastructure solutions. This plug-and-play system features up to 256 NVIDIA L40S PCIe GPUs per scalable unit, optimized for large-scale 3D and AI workloads. The SuperCluster is built on Supermicro's NVIDIA OVX systems, offering high performance and scalability for enterprises.

Key features include:

• Fully interconnected 4U PCIe GPU NVIDIA-Certified Systems
• 400Gb/s high-performance network fabric
• Customizable configurations from 4 GPUs to 256 GPUs
• Support for NVIDIA Spectrum-X Ethernet
• Validated rack solutions tested at L12 level

The SuperCluster aims to simplify deployment of scale-out infrastructure for combined 3D and AI workloads, catering to professionals in product design, industrial digital twins, and other compute-intensive 3D applications.

Super Micro Computer (Nasdaq: SMCI), a leading IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced it will release its fiscal 2024 fourth quarter and full year financial results on August 6, 2024. The results will be discussed in a live audio webcast at 5:00 p.m. ET / 2:00 p.m. PT, accessible at Supermicro's Investor Relations website. A replay of the webcast will be available shortly after the call and accessible for one year.