SMCI Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-03-31), SMCI reported revenue of $3.9B, gross profit of $597M (15.5% gross margin), operating income of $378M, and net income of $402M (10.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; revenue grew 5.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +5.1% | +36.0% | +2.4 pp |
Consensus estimate data is not available for this report.
SMCI Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.9B | 100% |
| Cost of Revenue | −$3.3B | 84.5% |
| Gross Profit | $597M | 15.5% |
| Research & Development | −$116M | 3.0% |
| Selling, General & Administrative | −$103M | 2.7% |
| Operating Income | $378M | 9.8% |
| Interest Expense | −$6M | 0.2% |
| Other Income, net | $10M | 0.3% |
| Income Tax Expense | $20M | 0.5% |
| Net Income | $402M | 10.5% |
Source: original SEC filing (filed 2024-04-30). Accession 0001375365-24-000021. Data normalized by EarningsFyi.