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EX - 99.1 2 exhibit991 20210331.htm EX - 99.1 Supermicro Announces Third Quarter Fiscal Year 2021 Financial Results SAN JOSE , Calif . -- May 4 , 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 third quarter of fiscal year 2021 ended March 31 , 2021 . Exhibit 99.1 Third Quarter Fiscal Year 2021 Highlights Net sales of $ 896 million versus $ 830 million in the second quarter of fiscal year 2021 and $ 772 million in the same quarter of last year . Gross margin of 13.7 % versus 16.4 % the second quarter of fiscal year 2021 and 17.3 % in the same quarter of last year . Net income of $ 18 million versus $ 28 million in the second quarter of fiscal year 2021 and $ 16 million in the same quarter of last year . Diluted net income per common share of $ 0.35 versus $ 0.52 in the second quarter of fiscal year 2021 and $ 0.29 in the same quarter of last year . Non - GAAP diluted net income per common share of $ 0.50 versus $ 0.63 in the second quarter of fiscal year 2021 and $ 0.84 in the same quarter of last year . Cash flow used in operations of $ 124 million and capital expenditures of $ 19 million . Non - GAAP gross margin for the third quarter of fiscal year 2021 was 13.8 % , which adds back stock - based compensation expenses of $ 0.4 million . Non - GAAP diluted net income per common share for the third quarter of fiscal year 2021 was $ 0.50 , which adds back stock based compensation expenses of $ 7.5 million , special performance bonuses of $ 2.5 million , and controls remediation expense of $ 1.2 million , net of the related tax effects . As of March 31 , 2021 , total cash , cash equivalents and restricted cash was $ 179 million and total bank debt was $ 85 million . " We are pleased to report Q3 revenue above the high end of our guidance range and deliver year - over - year growth of 16 % , our strongest revenue growth rate in more than two years driven by high profile customer engagements . Notably , we strongly bucked seasonal trends in the March quarter . " said Charles Liang , Chairman and CEO . " But we are not yet satisfied and aim to