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
Based on: 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 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).
- Net Sales
- Net sales exhibit a general upward trend over the periods analyzed, with notable growth starting around mid-2021. After fluctuating moderately from 2019 through early 2021, sales surged significantly from late 2021 into 2024, peaking in December 2023, followed by some volatility with periods of decrease and recovery afterward.
- Cost of Sales
- Cost of sales generally follows the trajectory of net sales but with considerable variability. The cost increases substantially as sales rise, particularly from late 2021 onwards, indicating rising expenses related to higher sales volumes or possibly inflationary pressures. The margin between cost and sales narrows in certain later quarters, reflecting a possible impact on profitability.
- Gross Profit
- Gross profit mirrors the trends seen in net sales and cost of sales, with an overall increasing trend but notable volatility. Gross profit increased steadily through 2022, reaching a peak in late 2022, before experiencing fluctuations in 2023 and 2024. Despite fluctuations, gross profit has generally improved over the analyzed periods, signaling enhanced revenue generation capacity relative to costs.
- Research and Development (R&D)
- R&D expenses show a consistent upward trend throughout the periods, indicating ongoing investment in innovation or product development. The increase is steady and significant, especially from late 2021 forward, suggesting a strategic focus on long-term growth through R&D activities despite rising costs.
- Sales and Marketing Expenses
- Sales and marketing expenses gradually increased over time with some periods of sharper rises, notably after mid-2021. The growth in this category aligns with the increase in net sales, reflecting possibly stronger sales efforts or expanded market reach. However, the increase is not as pronounced as R&D expenses.
- General and Administrative Expenses
- General and administrative expenses fluctuate moderately but reveal an upward tendency, especially noticeable from late 2021 onward. The rise could be attributed to expanded operations or increased overhead costs responding to the company's growth.
- Operating Expenses
- Operating expenses composed of R&D, sales and marketing, and general and administrative costs show a clear upward trajectory. This total increase aligns with the company's expanding scale, but the pace of growth in expenses may exert pressure on operating margins during certain periods.
- Income from Operations
- Income from operations exhibits considerable volatility. Initially moderate, operational income spikes from late 2021 through 2023, with some dips interspersed. The increase corresponds with growth in gross profit but is tempered by rising operating expenses. The highest operational income is observed in late 2023.
- Other Income (Expense), Net
- Other income and expenses display notable volatility with alternating positive and negative values, indicating fluctuating non-operational gains or losses. Certain spikes in income and expense suggest the impact of specific one-time items, investment income, or financing activities that affect overall profitability irregularly.
- Interest Expense
- Interest expense rose markedly from 2021 forward, particularly escalating in several quarters, which may imply increased borrowing or higher interest rates. This growth in interest expense places additional financial burden on net income and reflects increased leverage or financing costs.
- Income Before Income Tax Provision
- Income before taxes follows a pattern similar to income from operations with significant fluctuations. It generally improves over time, reaching higher levels in late 2023 and 2024, yet periodic declines suggest exposure to the variability in other income and interest expenses.
- Income Tax Provision
- The income tax provision exhibits wide swings including both positive and negative values, which may indicate tax credits, deferred tax adjustments, or varying effective tax rates. Large negative tax provisions in some quarters reduce net income, while positive tax benefits enhance profitability.
- Share of Income (Loss) from Equity Investee
- The share of income or loss from equity investees is generally minor relative to other items and shows considerable variability, alternating between gains and losses. This suggests uncertain or fluctuating performance from associated entities, with limited impact on overall financial results.
- Net Income
- Net income demonstrates an overall growth trend, increasing substantially from 2021 onward with some degree of volatility. Notable peaks occur in late 2023 and several quarters in 2024, reflecting improved operational performance combined with variable tax effects and other income factors. Despite rising costs and expenses, net profitability has expanded significantly over the period.