Super Micro Computer (SMCI) Prelim. Q2 Results Top Views

Super Micro Computer, Inc. (NASDAQ: SMCI) provided preliminary information regarding its financial results for the second fiscal quarter ended December 31, 2015.

The Company also announced that it will release second quarter fiscal 2016 financial results on Thursday, January 28, 2016, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time).

The Company now anticipates that it will report net sales for its second quarter of fiscal 2016 in the range of $637 million to $639 million. This compares to the Company’s previous guidance range of $580 million to $630 million.

The Company also anticipates that its non-GAAP earnings diluted per share will be in a range of $0.69 to $0.72. This compares to the company’s previous guidance of $0.54 to $0.64. Non-GAAP earnings per diluted share excludes stock-based compensation expense and the related tax effect of the applicable items.

*** The Street sees Q2 revenue of $600 million and EPS of $0.60.

The Company ended the second quarter of fiscal 2016 with approximately $173.0 million in cash and cash equivalents, and short and long term investments compared to $98.1 million at the end of fourth quarter of fiscal 2015.

The Company will provide more details on the second quarter financial performance at the time of our earnings call later this month.

The Company also announced that it will participate in the Needham 18th Annual Growth Conference in New York on January 12 and 13, 2016.

Conference Call/Webcast Information for January 28, 2016

Supermicro will hold a teleconference to announce its second quarter fiscal 2016 financial results on Thursday, January 28, 2016, beginning at 2:00 p.m. (Pacific Time). Those wishing to participate in the conference call should call 1-888-471-4398 (International callers dial 1-719-325-2429) a few minutes prior to the call’s start to register. The conference ID is 3488698. A replay of the call will be available through 11:59 p.m. (Eastern Time) on Thursday, February 11, 2016, by dialing 1-877-870-5176 (International callers dial 1-858-384-5517) and entering replay PIN 3488698.

Those wishing to access the live or archived webcast via the Internet should go to the Investor Relations tab of the Supermicro website at www.Supermicro.com.

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