Super Micro Computer Q4 Earnings Highlights: Shares Fall On Double Miss, Lower Guidance

Super Micro Computer Inc. (NASDAQ:SMCI) reported fourth-quarter financial results after market close on Tuesday.

Here are the highlights.

What Happened: Super Micro reported fourth-quarter net sales of $5.76 billion, up from $4.6 billion in the third quarter and $5.4 billion in last year's fourth quarter. Net sales missed a Street consensus estimate of $5.88 billion, according to data from Benzinga Pro.

The company reported earnings per share of $0.41, missing the Street consensus estimate of $0.44.

Super Micro saw its gross margin fall to 9.5% from 9.6% in the third quarter and from 10.2% in the prior year's fourth quarter.

The company recorded net sales of $22.0 billion for the full fiscal year, up from $15.0 billion in the previous full fiscal year. Full-year earnings per share ...