Super Micro Computer (SMCI) FY2023 results: revenue $7.1 billion, up 37.1% on the year
Super Micro Computer, Inc. (SMCI) reported revenue of $7.1 billion for fiscal 2023, the year ended 30 June 2023, up 37.1% on the year before. Net income was $640 million, up 124.4%, and diluted earnings per share $1.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2023.
Revenue
$7.1 billion
+37.1% on the year
FY2016FY2023
Operating margin
10.7%
6.5% a year earlier
FY2016FY2023
Net income
$640 million
+124.4% on the year
FY2016FY2023
Diluted EPS
$1.14
+114.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
664
-441
123
Capital expenditure
36.8
45.2
58.0
-18.6%
Free cash flow
627
-486
64.9
Free cash flow margin
8.8%
-9.4%
1.8%
Cash from investing
-39.5
-46.3
-58.0
Cash from financing
-448
523
-44.4
Depreciation and amortisation
26.9
24.8
28.2
+8.5%
Share-based compensation
54.4
32.8
28.5
+65.9%
Diluted shares, weighted
560m
536m
535m
+4.4%
Shares outstanding at period end
529m
523m
506m
+1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,972
1,426
1,096
+38.3%
Non-controlling interest
0.2
0.2
0.2
-4.1%
Debt
290
597
98.2
-51.4%
Operating lease liabilities
n/a
16.7
14.5
Other liabilities
1,412
1,166
1,033
+21.1%
Total liabilities and equity
3,675
3,205
2,242
+14.7%
Fixed assets
290
286
275
+1.5%
Investments
n/a
1.6
1.6
Cash and equivalents
440
267
232
+64.7%
Receivables
1,148
835
464
+37.6%
Inventory
1,446
1,546
1,041
-6.5%
Other assets
350
270
229
+29.7%
Total assets
3,675
3,205
2,242
+14.7%
10-K for the year ended 30 June 2023, filed 28 August 2023: the filing.