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EX - 99.1 2 exhibit991_20210930.htm EX - 99.1 Supermicro Announces First Quarter Fiscal Year 2022 Financial Results SAN JOSE , Calif . -- November 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 first fiscal year 2022 ended September 30 , 2021 . quarter of year . First Quarter Fiscal Year 2022 Highlights Net sales of $ 1.03 billion versus $ 1.07 billion in the fourth quarter of fiscal year 2021 and $ 762 million in the same quarter of last Exhibit 99.1 Gross margin of 13.4 % versus 13.6 % in the fourth quarter of fiscal year 2021 and 17.0 % in the same quarter of last year . Net income of $ 25 million versus $ 39 million in the fourth quarter of fiscal year 2021 and $ 27 million in the same quarter of last year . Diluted net income per common share of $ 0.48 versus $ 0.74 in the fourth quarter of fiscal year 2021 and $ 0.49 in the same quarter of last year . Non - GAAP diluted net income per common share of $ 0.58 versus $ 0.81 in the fourth quarter of fiscal year 2021 and $ 0.55 in the same quarter of last year . Cash flow used in operations of $ 135 million and capital expenditures of $ 12 million . Non - GAAP gross margin for the first quarter of fiscal year 2022 was 13.4 % , which adds back stock - based compensation expenses of $ 0.4 million and special performance bonuses and other expenses of $ 0.3 million . Non - GAAP diluted net income per common share for the first quarter of fiscal year 2022 was $ 0.58 , which adds back stock - based compensation expenses of $ 7.0 million , special performance bonuses of $ 0.5 million and controls remediation and litigation expenses of $ 1.3 million , net of the related tax effects . As of September 30 , 2021 , total cash and cash equivalents was $ 270 million and total bank debt was $ 279 million . " For Q1 , we are pleased to announce that our quarterly revenue exceeded $ 1 billion again with revenue growth of 35 % year over year , and significantly exceeded industry growth . We continue to gain market share and are executing well against our