Feeds

Super Micro misses target in June quarter

A Sandy Bridge too far

Choosing a cloud hosting partner with confidence

Motherboard and whitebox server maker Super Micro pre-announced its financial results for its fourth quarter of fiscal 2012 ending in June, and it looks like it's not going to make its numbers.

In a statement, Super Micro said that it would book revenues of approximately $275m, which is just under the range of $280m to $310m it had expected. Given the "Sandy Bridge" Xeon E5 processor ramp from Intel, you can bet that Super Micro was aiming at the top of that revenue guidance.

Still, this will be a record quarter for Super Micro, with it earning 5.6 per cent more than the $260.3m that the company raked in during Q4 of fiscal 2011 last June.

Super Micro, which got burned by a shortage of disk drives in the aftermath of last year's flooding in Thailand, now seems to have been burned by a glut of disks. The company said in its terse statement that gross margins were adversely impacted in the quarter due to price drops for disks, for which it had excess stock as well.

Non-GAAP gross margins are expected to be in the range of 15 per cent, two points lower than in the third quarter ended in March.

"Although we achieved record high revenues for the June quarter and for the fiscal year," Super Micro CEO and chairman Charles Liang said in the statement, "steep HDD price declines during the quarter and higher expenses for R&D related to new product optimization and for market promotion impacted our net profit significantly in the short term. We believe that we are well positioned to continue our strong growth and steadily improve our financial performance over the next several quarters."

Super Micro will report its full financial results for fiscal Q4 on August 7. ®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
French 'terror law' declares WAR on the INTERNET itself, say digi-rights folks
Liberté, Égalité, Fraternité: Two out of three ain't bad
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.