Filing Flows › Super Micro Computer (SMCI) › Q3 FY25
Super Micro Computer (SMCI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 12, 2025
Super Micro Computer (SMCI) reported revenue of $4.6B for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and -19% from the quarter before. Operating margin was 3.2%, net earnings $109M (2.4% of revenue).
Super Micro Computer, Q3 FY25: revenue $4.6B (+20% year over year), operating margin 3.2%, net earnings $109M, operating cash flow $627M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | -19% | +19% |
| Gross profit | $440M | -34% | -26% |
| Operating profit | $147M | -60% | -61% |
| Net earnings | $109M | -66% | -73% |
| Operating cash flow | $627M | — | — |
| Free cash flow | $594M | — | — |
What changed
Revenue was $4.6B in Q3 FY25, up 19% year over year and down 19% from the previous quarter. Server and storage systems was the largest line at 97% of revenue. Server and storage systems added $0.76B year over year (up 21%), 101% of the total change. Subsystems and accessories declined 7%.
Gross margin was 9.6%, down 5.9 points from a year earlier. Operating profit was $0.15B, a 3.2% margin (down 6.6 points year over year). Operating profit fell $0.23B even though revenue rose $0.75B versus a year earlier, so costs grew faster than sales. Operating expenses grew 34% against revenue growth of 19%. The fastest-growing cost line was Research & development (+40%). Net earnings were $0.11B, down 73% year over year. The effective tax rate was 5.1%.
Operating cash flow was $0.63B, 576% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.42B. Capital expenditures of $0.03B left free cash flow of $0.59B.
Questions
What was Super Micro Computer's revenue in the third quarter fiscal 2025?
Super Micro Computer (SMCI) reported revenue of $4.6B for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and -19% from the quarter before.
Was Super Micro Computer profitable in the third quarter fiscal 2025?
Operating profit was $147M (3.2% of revenue) and net earnings $109M.