Supermicro FY2024 Financial Overview
GAAP 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
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