Super Micro Computer (SMCI) Revenue — Quarter Ended Dec 31, 2023
Revenue increased significantly in the current quarter. The growth was driven by strong demand for the company's products.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue increased significantly in the current quarter. The growth was driven by strong demand for the company's products.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+72.9%
Change from the immediately preceding quarter.
Year-over-year
+103.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $1.3B | -5.3% |
| Jun 30, 2023 | $2.2B | +33.6% |
| Sep 30, 2023 | $2.1B | +14.4% |
| Dec 31, 2023 | $3.7B | +103.2% |
Revenue performance
Reported revenue rose compared to the immediately preceding quarter. The increase was substantial.
Quarterly comparison
Revenue was higher than the same quarter one year earlier. The year-over-year comparison showed a large gain.
What to watch
The company noted higher inventory levels due to growing revenues and longer supply chain lead times.