SMCI stock tumbles as gross margin guidance overshadows Q3 beat
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Supermicro Announces Third Quarter Fiscal Year 2024 Financial Results
April 30, 2024 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced financial results for its third quarter of fiscal year 2024 ended March 31, 2024.
Third Quarter Fiscal Year 2024 Highlights
Net sales of $3.85 billion versus $3.66 billion in the second quarter of fiscal year 2024 and $1.28 billion in the same quarter of last year. Gross margin of 15.5% versus 15.4% in the second quarter of fiscal year 2024 and 17.6% in the same quarter of last... More