Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Super Micro Computer Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Net sales 3,850,066 3,664,924 2,119,672 2,184,861 1,283,296 1,803,195 1,852,130 1,635,460 1,355,490 1,172,419 1,032,730 1,068,985 895,881 830,306 762,250 896,126 772,408 870,943 799,804 854,234 743,499 931,509 971,118
Cost of sales (3,252,698) (3,100,602) (1,765,981) (1,813,165) (1,056,937) (1,465,773) (1,504,595) (1,348,116) (1,144,715) (1,008,676) (894,591) (923,474) (772,864) (694,211) (632,335) (772,609) (639,048) (732,539) (668,875) (722,200) (631,172) (803,587) (847,879)
Gross profit 597,368 564,322 353,691 371,696 226,359 337,422 347,535 287,344 210,775 163,743 138,139 145,511 123,017 136,095 129,915 123,517 133,360 138,404 130,929 132,034 112,327 127,922 123,239
Research and development (116,226) (108,824) (111,027) (84,802) (77,515) (70,700) (74,243) (70,790) (70,869) (65,471) (65,143) (58,930) (57,912) (52,729) (54,798) (66,748) (49,586) (55,572) (49,572) (46,189) (44,800) (45,924) (42,994)
Sales and marketing (49,691) (46,854) (37,230) (31,905) (25,312) (28,445) (29,363) (24,186) (22,356) (21,960) (21,624) (22,825) (21,826) (20,740) (20,292) (21,080) (21,886) (21,977) (20,194) (20,691) (18,494) (19,677) (18,292)
General and administrative (53,137) (37,180) (32,924) (28,234) (24,450) (23,095) (23,806) (27,155) (27,773) (25,263) (22,244) (24,675) (26,224) (25,261) (24,379) (26,261) (46,342) (33,040) (28,298) (35,014) (36,174) (36,580) (33,460)
Operating expenses (219,054) (192,858) (181,181) (144,941) (127,277) (122,240) (127,412) (122,131) (120,998) (112,694) (109,011) (106,430) (105,962) (98,730) (99,469) (114,089) (117,814) (110,589) (98,064) (101,894) (99,468) (102,181) (94,746)
Income from operations 378,314 371,464 172,510 226,755 99,082 215,182 220,123 165,213 89,777 51,049 29,128 39,081 17,055 37,365 30,446 9,428 15,546 27,815 32,865 30,140 12,859 25,741 28,493
Other income (expense), net 10,035 (7,886) 6,613 2,005 (78) (6,335) 8,054 3,973 4,663 (607) 50 (1,471) 2,017 (2,539) (841) (700) 937 (416) 1,589 (1,727) (86) 624 169
Interest expense (6,246) (8,131) (1,863) (3,509) (1,288) (1,756) (3,938) (2,928) (1,531) (1,150) (804) (635) (607) (569) (674) (606) (518) (560) (552) (1,210) (1,271) (1,831) (2,378)
Income before income tax provision 382,103 355,447 177,260 225,251 97,716 207,091 224,239 166,258 92,909 49,292 28,374 36,975 18,465 34,257 28,931 8,122 15,965 26,839 33,902 27,203 11,502 24,534 26,284
Income tax (provision) benefit 19,983 (61,503) (20,215) (31,302) (10,857) (29,573) (38,934) (25,760) (16,192) (7,599) (3,325) 1,605 227 (5,108) (3,660) 6,860 899 (2,113) (8,568) (4,344) (497) (4,520) (5,523)
Share of income (loss) from equity investee, net of taxes 373 2,024 (50) (380) (1,013) (1,351) (889) 324 255 239 388 582 (264) (1,475) 1,330 3,468 (1,057) (1,020) 1,011 851 (359) (1,794) (1,419)
Net income 402,459 295,968 156,995 193,569 85,846 176,167 184,416 140,822 76,972 41,932 25,437 39,162 18,428 27,674 26,601 18,450 15,807 23,706 26,345 23,710 10,646 18,220 19,342

Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Super Micro Computer Inc. net sales increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Super Micro Computer Inc. income from operations increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income before income tax provision Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Super Micro Computer Inc. income before income tax provision increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Super Micro Computer Inc. net income increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.