Super Micro Computer's Q1 revenue plummeted by 15%, with gross margin collapsing to 9%, and the stock price fell sharply by 10% in after-hours trading | Earnings Report Insights
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Super Micro Computer's revenue for the first fiscal quarter was $5 billion, which not only represents a year-on-year decline of 15% but also a quarter-on-quarter decrease of 14%. The gross margin plummeted to 9.3%, down from 13.1% in the same period last year, and continued to decline from 9.5% quarter-on-quarter. The net profit was $168 million, a year-on-year drop of 60%, with a non-GAAP earnings per share of $0.35, compared to $0.73 in the same period last year
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