#1SUPERMICR Fiscal Q2 2024 Results January 29th, 2024 SUPERMICR SUPERMICR SUPERMICR SUPERMICR Better Faster Greener TM 2024 Supermicro#2DISCLOSURES Cautionary Statement Regarding Forward Looking Statements Statements contained in this presentation that are not historical fact may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may relate to, among other things, the third quarter of fiscal year 2024 and full year fiscal 2024 guidance, the ability to execute on the company strategy, the ability to timely develop and deliver next generation products, the ability to achieve revenue targets, the ability to implement expansion plans, and TCO savings, fossil fuel reduction and trees saved through the Company's resource savings servers. Such forward looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated, including: (i) our quarterly operating results may fluctuate, which could cause rapid declines in our stock price, (ii) as we increasingly target larger customers and larger sales opportunities, our customer base may become more concentrated, our cost of sales may increase, our margins may be lower and our sales may be less predictable, (iii) if we fail to meet publicly announced financial guidance or other expectations about our business, our stock could decline in value, (iv) the average sales prices for our server solutions could decline if customers do not continue to purchase our latest generation products or additional components, and (v) adverse economic conditions may harm our business. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings, particularly in our Annual Report on Form 10-K for our fiscal year ended June 30, 2023, and Quarterly Reports on Form 10-Q filed thereafter. Use of Non-GAAP Financial Measures Each of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating margins, and non-GAAP diluted net income per common share adds back and excludes various items that are discussed in the accompanying reconciliation table herein. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company's financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool and are not intended to be an alternative to financial measures prepared in accordance with GAAP. A reconciliation from GAAP gross margin to non-GAAP gross margin, from GAAP operating expenses to non-GAAP operating expenses, from GAAP operating margins to non-GAAP operating margins, from GAAP diluted net income per common share to non-GAAP net income and diluted net income per common share, and various other non-GAAP financial measures are included in the tables at the back of this presentation. 2 Better Faster Greener TM 2023 Supermicro SUPERMICR#3CEO TAKEAWAYS • Q2 FY24 Revenue Q2 FY24 revenue: $3.66B, +103% YoY and +73% QoQ • • · • • • • Continued record demand for Al systems at rack scale - NVIDIA H100/A100/L40S, Intel Gaudi 2/PVC, AMD MI200/250 Key component supply gradually improved throughout the quarter Continued development with NVIDIA GH200 Grace Hopper TM and Grace TM Superchips enabling first to market position Next Gen Al designs for NVIDIA H200/B100, AMD MI300X, and Intel Gaudi3 5th Gen Intel® Xeon® Processors Complete Family of X13 Servers are shipping Released several AMD Solutions, including H13 WIO Edge Series Released E1.S/E3.S All-Flash Storage Solutions and E3.S CXL Memory Module Expansion Solutions for all flash vendors Executing on Our Strategy • • Total IT Rack Solutions are being released for emerging CPU/GPU/DPU offerings using Building Block Architecture Advanced our single source Liquid-Cooling infrastructure solutions, supporting Data Center, Racks, and Management Economies of scale and operational efficiencies expected with ongoing expansion in San Jose, Taiwan, and Malaysia Q3 FY24 revenue guidance: $3.7B to $4.1B, 188% to 219% YoY growth FY24 revenue guidance: $14.3B to $14.7B, 101% to 106% YoY growth 3 Better Faster Greener TM 2024 Supermicro SUPERMICR#4SMCI vs INDUSTRY GROWTH RATE (FY) 120 100 Total IT Solutions @ Rack-Scale Green IT w/ Software, Service, Global Operations Large Scale w/ Multi CPU, GPU, DPU Platforms More Technology Partnerships 80 60 40 20 20 Sub System and System Small Business Scale Main Operation In High-Cost Silicon Valley Supermicro 0 2019 2020 2021 COVID19 2022 20 -20 -40 4. *Industry Avg based on Gartner, IDC & Supermicro estimates Supermicro 4 Industry Avg Global Shortage Industry Avg* 2023 Economic Headwinds 2024 SUPERMICR Today Better Faster Greener TM 2024 Supermicro#5TOTAL IT SOLUTIONS - OUR PATH TO $25B+ $20B $10B Annual Revenue SMCI 2.0 Servers & SMCI 1.0 Components & Subsystems Storage Systems SMCI 3.0 Total IT Solutions 1993 ■Sub-System ■Complete System ■Total Solutions Today 15S 5 ■ 5S: Software, Service, Switch, Storage, Security & More Total IT Solutions: Enterprise, OEM Appliance / Cloud ■ Complete Systems Subsystems & Components Our Momentum: ~5X+ Faster growth vs. industry avg. over the past 12+ months Better Faster Greener TM 2024 Supermicro SUPERMICR#6ENABLING TOTAL IT SOLUTIONS SUPERNIC SUPERSIC 1 1 1 1 1 4,000 Racks per month production capacity as of Q2 CY24, with a path to significantly increase liquid cooling rack capacity over the next few quarters 89999838343 Total IT Solutions for Better Customer Value Hardware + Software + Services Rack-scale plug-and-play solution with Building Block architecture Scalable optimized Al (Generative AI) & general compute, storage, software & service Free-air, liquid-cooling and traditional air-cooling technologies provide customers the optimized datacenter solution Leading energy efficiency and lower TCO One-stop-shop Server software management solutions drive optimization and higher infrastructure security 6 SUPERMICR Better Faster Greener TM 2023 Supermicro#7INNOVATION THROUGH TEAMWORK Services NVIDIA (intel) • • Software Accessories Power Supplies Chassis / Cooling / Architecture Motherboard Building Block Solutions • System optimization for different business verticals & workloads Broad product portfolio Service cost reduction Faster time-to-market SUPERMICR BROADCOM AMD Silicon Valley Advantages Early and quick access to R&D resources and new technologies • 50% of our employees in the Bay Area are engineers • Close to leading technology partners First-to-market • SMCI Meeting Under the Same Roof Operations in three time. zones (US/TW/NL) From partnership, design, to production and service All collaboration and business base on Building Block Methodology • Secure solutions MAMM Optimized Total Solution • Rack-scale to speed up customer deployment • Firmware, software, and global onsite service Application-optimized, greener, and lower TCO and TCE 7 Better Faster Greener TM 2024 Supermicro SUPERMICR#8OPERATIONS: ADDRESSING $25B+ SINC • Production scale and cost optimization Economies of Scale and Cost Silicon Valley Green Computing Park SUPERMICR • • Rack-Scale Integration (Liquid Cooling) • Command Center . B2B/C Programs . Cloud Services APAC Science and Tech Center • Increase 2X-3X APAC capacity Supermicro Malaysia Campus • High Volume Subsystem and Rack-Scale Production in 2024 Future Site Plans SUPERMICR • Additional North American sites in progress 8 Better Faster Greener TM 2024 Supermicro#9• GREEN COMPUTING FOR THE PLANET Improve Industry PUE (Target 1.05) • Adopting More Efficient Data Center Cooling • Optimal Free-Air Cooling PUE @ 1.06 • Optimal Liquid or Submerged PUE @ 1.05 • >$10B TCO Savings across industry • >8B Trees Saved • >30 Fossil Fuel Power Plants Reduction Intel® Case Study 300,000+ Supermicro Resource-Saving Blade Servers: $20M in operating expense savings annually Cut refresh costs by >44% Achieves record PUE of 1.06 Source: Intel, Supermicro Green Computing Data Reference: Worldwide Green Computing Adoption 8+ Billion Trees Saved https://www.statista.com/statistics/1229367/data-center-average-annual-pue-worldwide/ https://www.statista.com/statistics/219596/worldwide-server-shipments-by- vendor/#:-:text=In%202020%2C%2012.15%20million%20server, figure%20recorded%20in%202018%20t00. https://www.electricrate.com/data-center/electricity-prices-by-country/#:-:text=If%20we%20averaged%20out%20the,the%20global%20average%20electricity%20price. 500MW Coal Power Plant. https://www.mcginley.co.uk/news/how-much-of-each-energy-source-does-it-take-to-power-your-home/bp254/ https://www.energy.gov/fecm/science-innovation/office-clean-coal-and-carbon-management/advanced-energy-systems/transformative https://www.eia.gov/tools/faqs/faq.php?id=74&t=11 https://www.co2meter.com/blogs/news/could-global-co2-levels-be-reduced-by-planting-trees Preferred NetworksⓇ Case Study Leadership in Green500 - A Supermicro/PFN collaboration: Peak performance (theoretical): 3.92 Pflops Performance for every watt of power consumed: 21.11 Gflops/W Source: PFN, Green500.org, Supermicro 9 Better Faster Greener TM 2024 Supermicro SUPERMICR#10Q2 FY2024 HIGHLIGHTS Q2FY24 QoQ YOY Revenue $3,665M +73% +103% Gross Margin (non-GAAP) 15.5% -150bps -330bps Earnings Per Share (non-GAAP) $5.59 +$2.16 +$2.33 Cash Flow from Operations -$595M -$866M -$756M Mix Server and Storage Systems $3,436M (94%) +75% +107% Subsystems & Accessories $229M (6%) +50% +61% A reconciliation of GAAP to non-GAAP measures can be found in the appendix of this presentation. 10 Better Faster Greener TM 2024 Supermicro SUPERMICR#11REVENUE 1,803 1,283 2,185 2,120 lill 3,665 · Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 11 • Q2FY24 Revenue: $3,665M +103 YoY, +73% QoQ Guide: 2,700M to 2,900M Q2FY24 Revenue Mix By Geography 8% 18% 3% 71% - ■ USA ■ Europe Asia Other *China <2% of Total Revenue Better Faster Greener T 2024 Supermicro SUPERMICR#12REVENUE MIX Server and Storage Systems & Subsystems Vertical Markets 8% 9% 7% 7% 6% 4% 3% 2% 2% 1% 92% 91% 93% 93% 94% Q2FY23 Q3FY23 Q4FY23 43% 47% 53% 55% 59% 53% 50% 45% 43% 40% Q1FY24 Q2FY24 Q2FY23 Q3FY23 ■Subsystems & Accessories ■Server and Storage Systems 12 Q4FY23 Q1FY24 Q2FY24 ■5G,Telco & Edge/IOT ■OEM Appliance & Large DC ■Organic (Enterprise & Channel) Better Faster Greener TM 2024 Supermicro SUPERMICR#13NON-GAAP GROSS MARGIN 18.8% 17.7% 17.1% 17.0% 15.5% Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 • -150bps QoQ, -330bps YoY, due to focus on market share gains A reconciliation of GAAP to non-GAAP measures can be found in the appendix of this presentation. 13 Better Faster Greener TM 2024 Supermicro SUPERMICR#14NON-GAAP OPERATING EXPENSES & MARGINS Operating Expenses • Million $ Operating Margins 12.8% 153 133 130 116 109 11.3% 11.0% 10.8% 8.7% Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Operating expenses increased due to higher compensation expenses . Operating margins higher due to higher revenues A reconciliation of GAAP to non-GAAP measures can be found in the appendix of this presentation. 14 Better Faster Greener TM 2024 Supermicro SUPERMICR#15NON-GAAP EPS $3.26 Q2FY23 $1.63 Q3FY23 $3.51 $3.43 Q4FY23 Q1FY24 Q2FY24 Non-GAAP EPS of $5.59, above high end of guidance: $4.40 to $4.88 • EPS higher due to higher revenues A reconciliation of GAAP to non-GAAP measures can be found in the appendix of this presentation. 15 $5.59 Q2FY24 Guide: $4.40 to $4.88 Better Faster Greener TM 2024 Supermicro SUPERMICR#16Million $ CASH FLOW & NET CASH Cash Flow From Operations 198 161 271 Q2FY23 Q3FY23 Q4FY23 -9 Q1FY24 Q2FY24 Million $ Net Cash 176 150 135 397 350 -595 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY24 Operating Cash Flow: -$595M, Free Cash Flow: -$610M Total Cash: $726M, Total Debt up by $229M, Net Cash: $350M Cash Conversion Cycle = Days Inventory Days A/R 61 Days (-25 QoQ) 67 Days (-24 QoQ) 29 Days (-14 QoQ) 16 - Days A/P 35 Days (-13 QoQ) Better Faster Greener TM 2024 Supermicro SUPERMICR#17REVENUE & EPS OUTLOOK Q3 FY2024* Full Year FY2024 REVENUE $3.7B to $4.1B $14.3B to $14.7B اشا EPS NON-GAAP: $5.20 to $6.01 GAAP: $4.79 to $5.64 *The outlook for Q3 of fiscal year 2024 GAAP diluted net income per common share includes approximately $28 million in expected stock-based compensation expense, net of the related tax effects of $14 million, which are excluded from non-GAAP diluted net income per common share. 17 Better Faster Greener TM 2024 Supermicro SUPERMICR#18SUPERMICR SUPERMICR APPENDIX SUPERMICR SUPERMICR SUPERMICR Better Faster Greener TM 2024 Supermicro#19GAAP TO NON-GAAP RECONCILIATION (1 OF 2) In Thousands (except per share amounts) FY2023 FY2024 Q2'23 Dec-22 Q3'23 Mar-23 Q4'23 Jun-23 Q1'24 Sep-23 Q2'24 Dec-23 Consolidated Statement of Operations Net Sales GAAP GROSS PROFIT Stock-based compensation NON-GAAP GROSS PROFIT GAAP GROSS MARGIN Stock-based compensation NON-GAAP GROSS MARGIN OPERATING EXPENSE GAAP R&D Stock-based compensation NON-GAAP R&D GAAP S&M $ 1,803,195 $ 1,283,296 $ 2,184,861 $ 2,119,672 $ 3,664,924 $ $ 337,422 $ 226,359 $ 1,486 338,908 $ 1,215 227,574 $ 371,696 $ 989 372,685 $ 353,691 $ 564,322 5,904 359,595 $ 3,555 567,877 18.7% 17.6% 17.0% 16.7% 15.4% 0.1% 0.1% 0.1% 0.3% 0.1% 18.8% 17.7% 17.1% 17.0% 15.5% 69 $ 70,700 $ 77,515 $ 84,802 $ 111,027 $ 108,824 (9,334) (8,097) (7,187) (35,710) (25,439) $ 61,366 $ 69,418 $ 77,615 $ 75,317 $ 83,385 69 28,445 $ 25,312 $ 31,905 $ 37,230 $ 46,854 Stock-based compensation NON-GAAP S&M (1,448) (1,214) (1,128) (5,665) (4,340) $ 26,997 $ 24,098 $ 30,777 $ 31,565 $ 42,514 GAAP G&A Stock-based compensation Litigation recovery NON-GAAP G&A GAAP OPERATING EXPENSES Stock-based compensation Litigation recovery NON-GAAP OPERATING EXPENSES $ 23,095 $ 24,450 $ 28,234 $ 32,924 $ 37,180 (4,713) (3,126) (3,482) (10,100) (9,727) 2,230 1,540 $ 20,612 $ 22,864 $ 24,752 $ 22,824 $ 27,453 $ 122,240 $ 127,277 $ (15,495) (12,437) 144,941 (11,797) 181,181 $ 192,858 (51,475) (39,506) 2,230 1,540 $ 108,975 $ 116,380 $ 133,144 $ 129,706 $ 153,352 19 Better Faster Greener T 2023 Supermicro SUPERMICR#20GAAP TO NON-GAAP RECONCILIATION (2 OF 2) FY2023 FY2024 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 In Thousands (except per share amounts) Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 GAAP INCOME FROM OPERATIONS $ 215,182 $ 99,082 $ Stock-based compensation 16,981 13,652 226,755 $ 172,510 $ 12,786 371,464 57,379 43,061 Litigation recovery (2,230) (1,540) NON-GAAP INCOME FROM OPERATIONS $ 229,933 $ 111,194 $ 239,541 $ 229,889 $ 414,525 GAAP OPERATING MARGIN Stock-based compensation Litigation recovery NON-GAAP OPERATING MARGIN GAAP TAX EXPENSE Adjustment to tax provision NON-GAAP TAX EXPENSE GAAP NET INCOME Stock-based compensation Litigation recovery Adjustments to tax provision NON-GAAP NET INCOME GAAP NET INCOME PER COMMON SHARE - - BASIC Impact of Non-GAAP adjustments NON-GAAP NET INCOME PER COMMON SHARE - BASIC 11.9% 7.7% 10.4% 8.1% 10.1% 1.0% 1.1% 0.6% 2.7% 1.2% -0.1% -0.1% 0.0% 0.0% 0.0% 12.8% 8.7% 11.0% 10.8% 11.3% 69 69 69 29,573 $ 4,300 33,873 $ 10,857 $ 4,433 15,290 $ 31,302 $ 20,215 $ 61,503 5,304 36,606 $ 16,049 9,569 36,264 $ 71,072 $ 176,167 $ 85,846 $ 193,569 $ 156,995 $ 295,968 16,981 13,652 12,786 57,379 43,061 (2,230) (1,540) (4,300) (4,433) (5,304) (16,049) (9,569) 69 186,618 $ 93,525 $ 201,051 $ 198,325 $ 329,460 69 $ 3.31 $ 1.61 $ 0.20 0.15 3.67 $ 0.15 2.96 $ 5.47 0.78 0.62 GAAP NET INCOME PER COMMON SHARE - DILUTED 69 69 $ 3.51 $ 1.76 $ 3.82 $ 3.74 $ 6.09 3.14 $ 1.53 $ 3.43 $ 2.75 $ 5.10 Impact of Non-GAAP adjustments 0.12 0.10 0.08 0.68 0.49 NON-GAAP NET INCOME PER COMMON SHARE - - DILUTED $ 3.26 $ 1.63 S 3.51 $ 3.43 $ 5.59 WEIGHTED-AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE BASIC - GAAP 53,160 53,280 52,679 53,093 54,135 BASIC NON-GAAP 53,160 53,280 52,679 53,093 54,135 WEIGHTED-AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE DILUTED-GAAP 56,144 56,233 56,505 57,185 58,078 _ DILUTED NON-GAAP 57,318 57,315 57,222 57,846 58,962 20 Better Faster Greener T 2023 Supermicro SUPERMICR#21SUPERMICR www.supermicro.com R