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In a remarkable display of success, Super Micro Computer, Inc., has announced its outstanding fourth quarter and full fiscal year 2024 financial results, culminating in a monumental year for the company.

Fourth Quarter Results Highlights

In the fourth quarter of fiscal year 2024, Supermicro reported staggering figures that reflected the company's momentum and success:

• Net sales surged to an impressive $5.31 billion, up from $3.85 billion in the previous quarter and $2.18 billion in the comparable quarter of the previous year.
• Despite a slight decrease in gross margin to 11.2%, the company recorded net income of $353 million.
• Diluted net income per common share stood at $5.51, showcasing the company's profitability and growth trajectory.
• These remarkable results were further bolstered by non-GAAP diluted net income per common share of $6.25.

Fiscal Year 2024 Highlights

The year 2024 proved to be a pivotal one for Supermicro, with record-breaking achievements that set a new standard in the industry:

• Annual net sales for fiscal year 2024 reached an unprecedented $14.94 billion, reflecting a remarkable 110% year-over-year growth.
• Net income for the fiscal year topped $1.21 billion, with non-GAAP net income reaching $1.34 billion.
• Supermicro's President and CEO, Charles Liang, expressed optimism about the company's future, highlighting the significant growth fueled by new AI infrastructure demand.

Management's Optimistic Outlook

Looking ahead to fiscal year 2025, Supermicro has set high expectations, aiming for net sales between $26.0 billion to $30.0 billion. The company's management remains confident in its ability to capitalize on the growing demand for AI infrastructure solutions and solidify its position as a dominant force in the IT industry.

Industry Perspective

Supermicro's outstanding performance not only signifies its success but also reflects the increasing importance of AI technologies across various sectors. As businesses and organizations continue to invest in AI infrastructure to enhance efficiency and innovation, Supermicro's growth serves as a testament to the industry's potential for expansion and development.

Conclusion

Super Micro Computer's exceptional financial results for fiscal year 2024 underscore its position as a key player in the IT landscape. With a sharp focus on AI, Cloud, and emerging technologies, the company is well-positioned to lead the industry toward a future defined by innovation and growth. As Supermicro continues to set new benchmarks in the field of AI infrastructure, the outlook for the company remains bright, signaling a promising trajectory of success in the years to come.