SMCI Super Micro Computer

Super Micro Computer, Inc, doing business as Supermicro, is an information technology company based in San Jose, California. Supermicro's headquarters are located in Silicon Valley, with a manufacturing space in the Netherlands and a Science and Technology Park in Taiwan. Founded by Charles Liang, Wally Liaw and Sara Liu on November 1, 1993, Supermicro specializes in servers, storage, blades, rack solutions, networking devices, server management software and high-end workstations for data center, cloud computing, enterprise IT, big data, high performance computing , and embedded markets.
Company profile
Ticker
SMCI
Exchange
Website
CEO
Charles Liang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Apple • Dell • Omnicell • Fitbit • Zepp Health • One Stop Systems • Socket Mobile • Sector 5 • Helo ...
SEC CIK
Corporate docs
IRS number
770353939
SMCI stock data
()
News
Super Micro Computer, Inc. Q2 Adj. EPS $0.63 Beats $0.44 Estimate, Sales $830.00M Beat $821.65M Estimate
2 Feb 21
Earnings Scheduled For February 2, 2021
2 Feb 21
Stocks That Hit 52-Week Highs On Monday
25 Jan 21
Stocks That Hit 52-Week Highs On Thursday
21 Jan 21
Supermicro Unveils NVIDIA GPU Server Test Drive Program With Leading Channel Partners To 'Deliver Workload Qualification On Remote Supermicro Servers'
20 Jan 21
Press releases
Latest NVMe SSDs From KIOXIA Now Available on Supermicro PCIe 4.0 Server and Storage Platforms
24 Feb 21
Supermicro Breakthrough Multi-Node, Multi-GPU Platform Delivers Unrivaled Energy Efficiency and Flexibility for a New Performance Standard of Video Streaming, Cloud Gaming, and Social Networking Applications
23 Feb 21
Supermicro Announces Investor Videoconference and Participation in Upcoming Investor Events
23 Feb 21
Supermicro Statement on Bloomberg's Claims
12 Feb 21
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Super Micro Computer, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
5 Feb 21
Calendar
5 Feb 21
28 Feb 21
30 Jun 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Jun 20 | Jun 19 | Jun 17 | Jun 16 | |
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 317.48M | 317.48M | 317.48M | 317.48M | 317.48M | 317.48M |
Cash burn (monthly) | (positive/no burn) | 547.42K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | 1.08M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 316.4M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 578.0 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Feb 21 | Hsu Alex | Common Stock | Payment of exercise | Dispose F | No | No | 31.93 | 28 | 894.04 | 2,394 |
16 Feb 21 | Hsu Alex | Common Stock | Option exercise | Aquire M | No | No | 0 | 67 | 0 | 2,422 |
16 Feb 21 | Hsu Alex | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 67 | 0 | 201 |
16 Feb 21 | Weigand David E | Common Stock | Payment of exercise | Dispose F | No | No | 31.93 | 257 | 8.21K | 4,418 |
16 Feb 21 | Weigand David E | Common Stock | Option exercise | Aquire M | No | No | 0 | 625 | 0 | 4,675 |
16 Feb 21 | Weigand David E | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 625 | 0 | 3,125 |
16 Feb 21 | Clegg Don W | Common Stock | Payment of exercise | Dispose F | No | No | 31.93 | 155 | 4.95K | 7,239 |
16 Feb 21 | Clegg Don W | Common Stock | Option exercise | Aquire M | No | No | 0 | 375 | 0 | 7,394 |
16 Feb 21 | Clegg Don W | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 375 | 0 | 1,875 |
10 Feb 21 | Hsu Alex | Common Stock | Payment of exercise | Dispose F | No | No | 33.72 | 70 | 2.36K | 2,355 |
Institutional ownership Q4 2020
71.6% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 137 |
Opened positions | 32 |
Closed positions | 15 |
Increased positions | 49 |
Reduced positions | 31 |
13F shares |
Current |
---|---|
Total value | 1.15B |
Total shares | 36.22M |
Total puts | 9K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 4M | $126.61M |
Disciplined Growth Investors | 3.62M | $114.55M |
Oaktree Capital Management | 3.32M | $105.09M |
BLK Blackrock | 3.15M | $99.63M |
Empyrean Capital Partners | 3M | $95M |
Madison Avenue Partners | 2M | $63.45M |
Hawk Ridge Capital Management | 1.72M | $54.41M |
Dimensional Fund Advisors | 1.13M | $35.86M |
FMR | 1.13M | $35.77M |
PZN Pzena Investment Management | 996.42K | $31.55M |
Financial report summary
?Risks
- Risks Related to Our Business and Industry
- Our quarterly operating results have fluctuated and will likely fluctuate in the future, which could cause rapid declines in our stock price.
- Our revenue and margins for a particular period are difficult to predict, and a shortfall in revenue or decline in margins may harm our operating results.
- As we increasingly target larger customers and larger sales opportunities, our customer base may become more concentrated, our cost of sales may increase, our margins may be lower and our sales may be less predictable.
- If we fail to meet any publicly announced financial guidance or other expectations about our business, it could cause our stock to decline in value.
- Increases in average selling prices for our server solutions have historically significantly contributed to increases in net sales in some of the periods covered by this Annual Report. Such prices are subject to decline if customers do not continue to purchase our latest generation products or additional components or as a result of factors related to the COVID-19 pandemic, which could harm our results of operations.
- Our cost structure and ability to deliver server solutions to customers in a timely manner may be adversely affected by volatility of the market for core components and certain materials for our products.
- Adverse economic conditions may harm our business.
- We may lose sales or incur unexpected expenses relating to insufficient, excess or obsolete inventory.
- Difficulties we encounter relating to automating internal controls utilizing our ERP systems or integrating processes that occur in other IT applications could adversely impact our controls environment.
- Because our products and services may store, process and use data, some of which contains personal information, we are subject to complex and evolving federal, state and foreign laws and regulations regarding privacy, data protection and other matters, which are subject to change.
- If we do not successfully manage the expansion of our international manufacturing capacity and business operations, our business could be harmed.
- We may not be able to successfully manage our business for growth and expansion.
- We depend upon the development of new products and enhancements to our existing products, and if we fail to predict or respond to emerging technological trends and our customers’ changing needs, our operating results and market share may suffer.
- Our future effective income tax rates could be affected by changes in the relative mix of our operations and income among different geographic regions and by changes in domestic and foreign income tax laws, which could affect our future operating results, financial condition and cash flows.
- If negative publicity arises with respect to us, our employees, our third-party service providers or our partners, our business and operating results could be adversely affected, regardless of whether the negative publicity is true.
- The market in which we participate is highly competitive, and if we do not compete effectively, we may not be able to increase our market penetration, grow our net sales or improve our gross margins.
- Industry consolidation may lead to increased competition and may harm our operating results.
- Any failure to adequately expand or retain our sales force will impede our growth.
- We must work closely with our suppliers to make timely new product introductions.
- Our suppliers’ failure to improve the functionality and performance of materials and key components for our products may impair or delay our ability to deliver innovative products to our customers.
- We rely on a limited number of suppliers for certain raw materials used to manufacture our products.
- We rely on indirect sales channels for a significant percentage of our revenue and any disruption in these channels could adversely affect our sales.
- Our direct sales efforts may create confusion for our end customers and harm our relationships in our indirect sales channel and with our OEMs.
- Our research and development expenditures, as a percentage of our net sales, are considerably higher than many of our competitors and our earnings will depend upon maintaining revenues and margins that offset these expenditures.
- Our failure to deliver high quality server and storage solutions could damage our reputation and diminish demand for our products.
- Conflicts of interest may arise between us and Ablecom and Compuware, and those conflicts may adversely affect our operations.
- Our reliance on Ablecom could be subject to risks associated with our reliance on a limited source of contract manufacturing services and inventory warehousing.
- Our growth into markets outside the United States exposes us to risks inherent in international business operations.
- Our results of operations may be subject to fluctuations based upon our investment in corporate ventures.
- Despite following previously issued SEC Staff guidance, the filing of our Annual Report Form 10-K for our fiscal year ended June 30, 2019 (the “2019 10-K”) may not make us “current” in our Exchange Act filing obligations, which means we may not be eligible to use certain forms or rely on certain rules of the SEC.
- We have identified a material weakness in our internal control over financial reporting, which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner.
- We incurred significant expenses related to the matters that led to the delay in the filing of our 2017 10-K and may incur expenses related to the remediation of remaining deficiencies in our internal control over financial reporting and disclosure controls and procedures, and any resulting litigation.
- Failure to comply with the U.S. Foreign Corrupt Practices Act, other applicable anti-corruption and anti-bribery laws, and applicable trade control laws could subject us to penalties and other adverse consequences.
- Any failure to protect our intellectual property rights, trade secrets and technical know-how could impair our brand and our competitiveness.
- Resolution of claims that we have violated or may violate the intellectual property rights of others could require us to indemnify our customers, indirect sales channel partners or vendors, redesign our products, or pay significant royalties to third parties, and materially harm our business.
- If we lose Charles Liang, our President, Chief Executive Officer and Chairman, or any other current key employee or are unable to attract additional key employees, we may not be able to implement our business strategy in a timely manner.
- If we are unable to attract and integrate additional key employees in a manner that enables us to scale our business and operations effectively, or if we do not maintain competitive compensation policies to retain our employees, our ability to operate effectively and efficiently could be limited.
- Backlog does not provide a substantial portion of our net sales in any quarter.
- Our business and operations are especially subject to the risks of earthquakes and other natural catastrophic events.
- Our operations could involve the use of regulated materials, and we must comply with environmental, health and safety laws and regulations, which can be expensive, and may affect our business, results of operations and financial condition.
- Risks Related to Owning Our Stock
- The trading price of our common stock is likely to be volatile, and you might not be able to sell your shares at or above the price at which you purchased the shares.
- Future sales of shares by existing stockholders could cause our stock price to decline.
- The concentration of our capital stock ownership with insiders will likely limit your ability to influence corporate matters.
- Provisions of our certificate of incorporation and bylaws and Delaware law might discourage, delay or prevent a change of control of our company or changes in our management and, as a result, depress the trading price of our common stock.
- We do not expect to pay any cash dividends for the foreseeable future.
Management Discussion
- Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
- As a result of the delay in filing our periodic reports with the SEC and failure to hold an annual meeting, we were unable to comply with the Nasdaq listing standards and our common stock was suspended from trading on the Nasdaq Global Select Market effective August 23, 2018 and formally delisted effective March 22, 2019. Following the suspension of trading, our common stock was quoted on the OTC Market and traded under the symbol “SMCI.” On January 14, 2020, our common stock was relisted on the NASDAQ Global Select Market under the symbol “SMCI". For further information regarding trading in our common stock, refer to Part II, Item 5, “Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” in this Annual Report.
- We are a global leader and innovator of application-optimized high performance and high-efficiency server and storage systems for a variety of markets, including enterprise data centers, cloud computing, artificial intelligence, 5G and edge computing. Our solutions include complete servers, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems. We also provide global support and services to help our customers install, upgrade and maintain their computing infrastructure.
Content analysis
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H.S. sophomore Avg
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New words:
breached, call, Canada, Confirmation, dismissal, dispute, divided, duly, East, India, interbank, lending, Middle, mode, multinode, Notification, overdue, overnight, par, pertaining, prejudice, project, reject, retired, retirement, revert, shorten, stayed, subcommittee, submission, submitted, subsidiary, SUN, TAIFX, tenor, unissued
Financial reports
10-Q
2021 Q2
Quarterly report
5 Feb 21
10-Q
2021 Q1
Quarterly report
6 Nov 20
10-K
2020 FY
Annual report
28 Aug 20
10-Q
2020 Q3
Quarterly report
10 May 20
10-Q
2020 Q2
Quarterly report
7 Feb 20
10-Q
2020 Q1
Quarterly report
20 Dec 19
10-K
2019 FY
Annual report
19 Dec 19
10-Q
2019 Q3
Quarterly report
19 Dec 19
10-Q
2019 Q2
Quarterly report
19 Dec 19
10-Q
2019 Q1
Quarterly report
19 Dec 19
Current reports
8-K
Regulation FD Disclosure
12 Feb 21
8-K
Supermicro Announces Second Quarter Fiscal Year 2021 Financial Results, New Stock Repurchase Authorization, and Chief Financial Officer Transition
2 Feb 21
8-K
Entry into a Material Definitive Agreement
4 Dec 20
8-K
Supermicro Announces First Quarter Fiscal Year 2021
3 Nov 20
8-K
Supermicro Announces Settlement of Financial Accounting Investigation
25 Aug 20
8-K
Supermicro Announces Fourth Quarter and Full Year Fiscal Year 2020
11 Aug 20
8-K
Departure of Directors or Certain Officers
10 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
8 Jun 20
8-K
Departure of Directors or Certain Officers
26 May 20
8-K
Supermicro to Hold Virtual-Only Annual Meeting of Stockholders
18 May 20
Registration and prospectus
S-8
Registration of securities for employees
16 Jun 20
8-A12B
Registration of securities on exchange
9 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Dec 19
25-NSE
Exchange delisting
12 Mar 19
S-8
Registration of securities for employees
21 Apr 16
S-8
Registration of securities for employees
26 Apr 07
424B4
Prospectus supplement with pricing info
28 Mar 07
8-A12B
Registration of securities on exchange
26 Mar 07
S-1/A
IPO registration (amended)
26 Mar 07
S-1/A
IPO registration (amended)
11 Mar 07
Proxies
DEFA14A
Additional proxy soliciting materials
18 May 20
DEFA14A
Additional proxy soliciting materials
3 May 20
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEF 14A
Definitive proxy
21 Apr 20
DEF 14A
Definitive proxy
17 Jan 17
DEFA14A
Additional proxy soliciting materials
17 Jan 17
DEFA14A
Additional proxy soliciting materials
22 Feb 16
DEF 14A
Definitive proxy
11 Feb 16
DEF 14A
Definitive proxy
19 Jan 15
DEF 14A
Definitive proxy
13 Jan 14
Other
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
19 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
9 Mar 14
CORRESP
Correspondence with SEC
13 Feb 14
UPLOAD
Letter from SEC
2 Feb 14
Ownership
4
Super Micro Computer / DON W CLEGG ownership change
18 Feb 21
4
Super Micro Computer / DAVID E WEIGAND ownership change
18 Feb 21
4
Super Micro Computer / Alex Hsu ownership change
18 Feb 21
4
Super Micro Computer / Charles Liang ownership change
12 Feb 21
4
Super Micro Computer / Liang Chiu-Chu Sara Liu ownership change
12 Feb 21
4
Super Micro Computer / Alex Hsu ownership change
12 Feb 21
SC 13G
Super Micro Computer / Liang Charles ownership change
11 Feb 21
SC 13G/A
Super Micro Computer / Empyrean Capital Partners ownership change
11 Feb 21
SC 13G
Super Micro Computer / VANGUARD ownership change
10 Feb 21
SC 13G
Super Micro Computer / BlackRock ownership change
1 Feb 21
Patents
GRANT
Utility
Hard disk drive tray
21 Dec 20
A hard disk drive tray for accommodating a hard disk drive is provided.
GRANT
Utility
Accommodating structure of data storage unit and accommodating assembly thereof mounted on server
23 Nov 20
An accommodating structure of data storage unit includes a carrier case formed by integrated injection molding.
GRANT
Utility
Setting the impedance of signal traces of a circuit board using a reference trace
23 Nov 20
A circuit board has an edge connector with signal traces.
GRANT
Utility
Server apparatus with horizontal push-pull operating structure
2 Nov 20
A server apparatus with a horizontal push-pull operating structure includes a chassis having a base plate and chassis plates with guiding slots; a carrying tray on the base plate and inserted into the chassis plates, the carrying tray having carrying board and side boards having sliding slots formed corresponding to the guiding slots; and an operating structure having a moving arm with a gear rack thereon and a gear sector clamped between the moving arm and the side board and having an addendum engaged with the gear rack and a sliding column inserted into the sliding and guiding slots.
APP
Utility
Network Switches with Secured Switch Ports to Baseboard Management Controllers
28 Oct 20
A server management switch discovers and identifies its switch ports that are connected to communication ports of baseband management controllers (BMC's) of server computers.
Transcripts
2021 Q2
Earnings call transcript
3 Feb 21
2021 Q1
Earnings call transcript
3 Nov 20
2020 Q4
Earnings call transcript
11 Aug 20
2020 Q3
Earnings call transcript
9 May 20
2020 Q2
Earnings call transcript
8 Feb 20
2020 Q1
Earnings call transcript
14 Nov 19
2019 Q4
Earnings call transcript
15 Aug 19
2019 Q2
Earnings call transcript
14 Feb 19
2019 Q1
Earnings call transcript
16 Nov 18
2018 Q4
Earnings call transcript
21 Aug 18
Reddit threads
What’s on your watchlist for the market dip?
23 Feb 21
Stocks to buy during the dip???
19 Feb 21
Supermicro Hack (SMCI) Bloomberg 2021 Follow-up
14 Feb 21
Insight into a Robinhood portfolio & the Danger of speculation
25 Jan 21
Daily Discussion Thread - November 3rd, 2020
3 Nov 20
Daily Discussion Thread - November 2nd, 2020
2 Nov 20