[標的] SMCI.US 財報

[Severine (賽非茵)]

1. 標的：SMCI.US

2. 分類：討論

3. 分析/正文：

Super Micro Computer (SMCI) late Tuesday missed Wall Street's lowered targets
for its fiscal third quarter but guided much higher than views for the
current period. SMCI stock surged in extended trading.

超級微型計算機（SMCI）週二晚些時候未能達到華爾街第三財季的下調目標，但指引遠高
於當前時期的預期。SMCI股票在延長交易中飆升。

The San Jose, Calif.-based company, better known as Supermicro, earned an
adjusted $1.63 a share on sales of $1.28 billion in the quarter ended March
31. Analysts polled by FactSet had expected earnings of $1.71 a share on
sales of $1.39 billion. On a year-over-year basis, Supermicro earnings rose
5% while sales fell 5%.

這家總部位於加利福尼亞州聖約瑟的公司，更廣為人知的名字是 Supermicro，
在截至 3 月 31 日的季度銷售額為 12.8 億美元，調整後的每股收益為 1.63 美元。
FactSet調查的分析師預計每股收益為1.71美元，銷售額為13.9億美元。與去年同期相比，Supermicro
的收益增長了5%，而銷售額下降了5%。

On April 24, Supermicro warned that its fiscal third-quarter revenue would
fall well short of expectations. Supermicro slashed its sales goal to about
$1.28 billion from its earlier forecast of $1.47 billion. The company blamed
the shortfall primarily on component shortages impacting its next-generation
server products.

4月24日，美超微警告稱，其第三財季營收將遠低於預期。美超微將其銷售目標從此前預
測的14.7億美元下調至約12.8億美元。該公司將短缺主要歸咎於影響其下一代伺服器產品
的元件短缺。

However, for the current quarter, Supermicro predicted adjusted earnings of
$2.46 a share on sales of $1.8 billion. That's based on the midpoint of its
outlook. Wall Street had predicted earnings of $1.76 a share on sales of
$1.64 billion in the fiscal fourth quarter ending June 30.

然而，對於本季度，美超微預計調整後每股收益為2.46美元，銷售額為18億美元。這是基
於其前景的中點。華爾街曾預測，截至6月30日的第四財季銷售額為16.4億美元，每股收
益為1.76美元。

----

財報全文 https://ibit.ly/uqMN


Third Quarter Fiscal Year 2023 Highlights

2023財年第三季亮點

Net sales of $1.28 billion versus $1.80 billion in the second quarter of
fiscal year 2023 and $1.36 billion in the same quarter of last year.

2023財年第二季淨銷售額為12.8億美元，去年同期為13.6億美元，而上一季為18億美元。

Gross margin of 17.6% versus 18.7% in the second quarter of fiscal year 2023
and 15.5% in the same quarter of last year.

2023財年第二季毛利率為17.6％，較去年同期的15.5％略低，但較去年同期的18.7％略高
。

Net income of $86 million versus $176 million in the second quarter of fiscal
year 2023 and $77 million in the same quarter of last year.

2023財年第二季淨收入為8600萬美元，去年同期為7700萬美元，而上一季為1.76億美元。

Diluted net income per common share of $1.53 versus $3.14 in the second
quarter of fiscal year 2023 and $1.43 in the same quarter of last year.

稀釋後每股普通股淨收益為1.53美元，較2023財年第二季度的3.14美元和去年同期的1.43
美元低。

Non-GAAP diluted net income per common share of $1.63 versus $3.26 in the
second quarter of fiscal year 2023 and $1.55 in the same quarter of last year.

非通用會計原則下，每股普通股摊薄净收益為1.63美元，相比2023財年第二季度的3.26美
元和去年同期的1.55美元。

Cash flow provided by operations for the third quarter of fiscal year 2023 of
$198 million and capital expenditures of $8 million.

2023財年第三季度營運現金流為1.98億美元，資本支出為800萬美元。

Non-GAAP gross margin for the third quarter of fiscal year 2023 was 17.7%
which adds back stock-based compensation expenses of $1 million. Non-GAAP
diluted net income per common share for the third quarter of fiscal year 2023
was $1.63, with adjustments for stock-based compensation expenses of $14
million and $2 million litigation expense recovery, net of the related tax
effects of $4 million.

2023財年第三季的非通用會計毛利率為17.7％，其中加回了100萬美元的股票報酬費用。
2023財年第三季的非通用會計稀釋每股普通股淨收益為1.63美元，調整了1400萬美元的股
票報酬費用和200萬美元的訴訟費用收回，減去相關稅收影響的400萬美元。

As of March 31, 2023, total cash and cash equivalents was $363 million and
total bank debt was $187 million.

截至2023年3月31日，現金及現金等價物總額為3.63億美元，銀行總負債為1.87億美元。

“Supermicro continues to see record levels of engagements in our new
generation product lines, especially for AI applications," said Charles
Liang, President and CEO of Supermicro. "We secured several new and large
design wins and are deploying some of the world’s most leading GPU clusters.
With the recent new key components supply chain challenges mostly in the
rear-view mirror and production normalizing, we expect to gain share and
expand scale as we emerge as the true leader for rack-scale Total IT
Solutions.”

"Supermicro繼續在我們的新一代產品線中看到創紀錄的參與水平，特別是針對AI應用。
" Supermicro的總裁兼首席執行官Charles Liang表示。 "我們贏得了幾個新的大型設計
項目，並正在部署一些世界上最領先的GPU集群。隨著最近新的關鍵元件供應鏈挑戰大多
在後方，生產正常化，我們期望在成為機架級總體IT解決方案的真正領導者方面獲得份額
和擴大規模。"

Business Outlook and Management Commentary

業務前景和管理評論

For the fourth quarter of fiscal year 2023 ending June 30, 2023, the Company
expects net sales of $1.7 billion to $1.9 billion, GAAP net income per
diluted share of $2.13 to $2.65 and non-GAAP net income per diluted share of
$2.21 to $2.71. The Company’s projections for GAAP and non-GAAP net income
per diluted share assume a tax rate of approximately 14.7% and 15.7%,
respectively, and a fully diluted share count of 56 million shares for GAAP
and fully diluted share count of 57 million shares for non-GAAP. The outlook
for Q4 of fiscal year 2023 GAAP net income per diluted share includes
approximately $7 million in expected stock-based compensation and other
expenses, net of related tax effects that are excluded from non-GAAP net
income per diluted share.

截至2023年6月30日的財政年度第四季，公司預計淨銷售額為17億至19億美元，每股稀釋
普通股的GAAP淨收益為2.13至2.65美元，每股稀釋普通股的非GAAP淨收益為2.21至2.71美
元。公司對於GAAP和非GAAP每股稀釋淨收益的預測假設稅率分別為約14.7％和15.7％，
GAAP的全稀釋股份為5600萬股，非GAAP的全稀釋股份為5700萬股。財政年度2023年第四季
GAAP每股稀釋淨收益的展望包括預期的約700萬美元的股票報酬和其他費用，減去相關稅
收影響後，這些費用被排除在非GAAP每股稀釋淨收益之外。

For fiscal year 2023 ending June 30, 2023, the Company maintains its guidance
for net sales from a range of $6.6 billion to $6.8 billion, GAAP net income
per diluted share from a range of $10.14 to $10.66, and non-GAAP net income
per diluted share from a range of $10.50 to $11.00. The Company’s
projections for annual GAAP and non-GAAP net income per diluted share assume
a tax rate of approximately 14.9% and 16.0%, respectively, and a fully
diluted share count of 56 million shares for GAAP and fully diluted share
count of 57 million shares for non-GAAP. The outlook for fiscal year 2023
GAAP net income per diluted share includes approximately $33 million in
expected stock-based compensation and other expenses, net of related tax
effects that are excluded from non-GAAP net income per diluted share.

截至2023年6月30日的2023財政年度，公司維持其淨銷售額指引在66億美元至68億美元之
間，GAAP每股稀釋淨收益在10.14美元至10.66美元之間，非GAAP每股稀釋淨收益在10.50
美元至11.00美元之間。公司對於年度GAAP和非GAAP每股稀釋淨收益的預測假設稅率分別
為約14.9％和16.0％，以及GAAP的完全稀釋股份為5600萬股，非GAAP的完全稀釋股份為
5700萬股。2023財政年度GAAP每股稀釋淨收益的展望包括預期的約3300萬美元的股票報酬
和其他費用，減去相關稅收影響後，這些費用被排除在非GAAP每股稀釋淨收益之外。


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越爛越噴的典型代表
好啦其實也沒有爛到爆炸
不過他有給個預期 aka畫大餅
然後就噴噴了


4. 進退場機制：(非長期投資者，必須有停損機制。討論、心得類免填)


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※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 118.160.72.120 (臺灣)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1683123700.A.816.html
推 rayccccc    : 美超微屌打超微
推 dave070715  : 現階段就是會畫餅的反而漲，明明沒到財測。結果AMD
→ dave070715  : 超越財測，對因為不會畫餅比較保守就跌    怎麼跟台
→ dave070715  : 股越來越像
噓 a000000000  : Smci 不是scmi
→ Severine    : 抱歉XD
※ 編輯: Severine (118.160.72.120 臺灣), 05/03/2023 22:29:36
推 jdn325      : 早晚回30 疫情這兩年膨風太多
推 aegis43210  : 又一個吹AI，不過是真的有吃到甜頭
推 taruru      : SMCI講AI 需求帶動它們DC業務反映在營收上,看好後市
→ taruru      : AMD吹AI,實績在哪?沒變成營收直接被分析屍看沒
→ Alwen       : AI晶片目前就老黃獨霸阿= =，做晶片的還真的不能吹
推 puffycat    : 現在要玩AI就只能買NV，完整的生態系！買AMD跟其他
→ puffycat    : 廠家，在GitHub沒幾個專案，全部要自己重練！聰明
→ puffycat    : 的就知道要買NV！
推 MIT5566     : 沒看到緯穎做個代工賺成怎樣 要吹 有營收就可以
→ k85564      : 重點是24財年管理層預估營收成長20%+ 算一算eps至
→ k85564      : 少12元
→ k85564      : 看pe要給多少囉
推 windchimeqq : 教主氣炸了，說AMD盤後大跌是假的，結果開盤後崩更
→ windchimeqq : 兇，可見教主對股票實在很不準XD
→ taruru      : 財報出來就是看數字,SMCI不如預期EPS還是1.6.PE10.x
→ taruru      : AMD EPS調整後還是負的,喊多久了整年EPS>4都沒有
→ taruru      : 就算讓你調整前EPS都漂亮, 公司支出跟認列虧損多
→ taruru      : 最後還是沒賺錢啊, 就是股東被一串操作瘋狂稀釋
推 MIT5566     : Amd法說也很會吹啊 只是財報很難看而已
→ Severine    : 比較誇張的是 美超微在這次的升息循環當中 完全不
→ Severine    : 受影響 一直創高
→ taruru      : 今天要一天漲30%了,反觀另一個超微
推 jiajie      : 笑死，有人就是自己出嘴的比出錢的還行
推 johnjohnlin : 這個超微比較強