SMCI Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2023-09-30), SMCI reported revenue of $2.1B, gross profit of $354M (16.7% gross margin), operating income of $173M, and net income of $157M (7.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
SMCI Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.1B | 100% |
| Cost of Revenue | −$1.8B | 83.3% |
| Gross Profit | $354M | 16.7% |
| Research & Development | −$111M | 5.2% |
| Selling, General & Administrative | −$70M | 3.3% |
| Operating Income | $173M | 8.1% |
| Other Income, net | $5M | 0.2% |
| Income Tax Expense | −$20M | 1.0% |
| Net Income | $157M | 7.4% |
Source: original SEC filing (filed 2023-11-01). Accession 0001375365-23-000040. Data normalized by EarningsFyi.