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EX - 99.1 2 exhibit991_20201231.htm EX - 99.1 Supermicro Announces Second Quarter Fiscal Year 2021 Financial Results , New Stock Repurchase Authorization , and Chief Financial Officer Transition SAN JOSE , Calif . -- February 2 , 2021 ( BUSINESS WIRE ) -- Super Micro Computer , Inc. ( Nasdaq : SMCI ) , a global leader in high performance , high - efficiency server and storage technology and green computing , today announced financial results for its second quarter of fiscal year 2021 ended December 31 , 2020 . ● Exhibit 99.1 Second Quarter Fiscal Year 2021 Highlights Net sales of $ 830 million versus $ 762 million in the first quarter of fiscal year 2021 and $ 871 million in the same quarter of last year . Gross margin of 16.4 % versus 17.0 % in the first quarter of fiscal year 2021 and 15.9 % in the same quarter of last year . Net income of $ 28 million versus $ 27 million in the first quarter of fiscal year 2021 and $ 24 million in the same quarter of last year . Diluted net income per common share of $ 0.52 versus $ 0.49 in the first quarter of fiscal year 2021 and $ 0.46 in the same quarter of last year . Non - GAAP diluted net income per common share of $ 0.63 versus $ 0.55 in the first quarter of fiscal year 2021 and $ 0.57 in the same quarter of last year . Cash flow from operations of $ 63 million and capital expenditures of $ 14 million . Non - GAAP gross margin for the second quarter of fiscal year 2021 was 16.4 % , which adds back stock - based compensation expenses of $ 0.4 million . Non - GAAP diluted net income per common share for the second quarter of fiscal year 2021 was $ 0.63 , which adds back stock - based compensation expenses of $ 6.5 million and special performance bonuses of $ 2.5 million , net of the related tax effects . As of December 31 , 2020 , total cash , cash equivalents and restricted cash was $ 317 million and total bank debt was $ 45 million . Supermicro completed its previously announced $ 50 million share repurchase program on January 6 , 2021 .