Super Micro Computer (SMCI) Misses Q4 EPS by 1c

Super Micro Computer (NASDAQ: SMCI) reported Q4 EPS of $0.20, $0.01 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $524.3 million versus the consensus estimate of $534.16 million.

GUIDANCE:

Super Micro Computer sees Q1 2017 EPS of $0.15-$0.30, versus the consensus of $0.26. Super Micro Computer sees Q1 2017 revenue of $470-550 million, versus the consensus of $522.7 million.

“As previously announced, this quarter our results were below expectations due to reduced demand from large datacenter customers and issues related to a global SAP and tax reorganization implementation that impacted our execution and pricing flexibility,” said Charles Liang, Chairman and Chief Executive Officer. “Our core strategy will be to continue to grow our technology leadership by offering the broadest array of first to market innovations in server, storage, cloud and IoT, by delivering leading architectures that leverage our building block solutions and partner strategy to provide total solutions with software and service. At the same time, we will take actions to leverage our capacity and improve operational efficiency to become more flexible and competitive in winning new business. By offering the best value for innovation and emphasizing strategic customer relationships, we are confident that we can achieve stronger growth and improve financial performance.”

For earnings history and earnings-related data on Super Micro Computer (SMCI) click here.

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