SMCI Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-06-30), SMCI reported revenue of $5.3B, gross profit of $596M (11.2% gross margin), operating income of $343M, and net income of $353M (6.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; revenue grew 37.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +37.9% | −12.4% | −3.8 pp |
Consensus estimate data is not available for this report.
SMCI Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.3B | 100% |
| Cost of Revenue | −$4.7B | 88.8% |
| Gross Profit | $596M | 11.2% |
| Research & Development | −$127M | 2.4% |
| Selling, General & Administrative | −$126M | 2.4% |
| Operating Income | $343M | 6.5% |
| Interest Expense | −$3M | 0.1% |
| Other Income, net | $13M | 0.3% |
| Income Tax Expense | −$994,000 | 0.0% |
| Net Income | $353M | 6.6% |
Source: original SEC filing (filed 2024-08-06). Accession 0001375365-24-000028. Data normalized by EarningsFyi.