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Super Micro Computer

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FY2024 Annual Report · Super Micro Computer
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Letter to Our Shareholders
Dear Supermicro Shareholders,
FY24 was a milestone year for Supermicro. Annual revenue is about 
doubled to $14.9 billion, fueled by extraordinary demand for our 
plug-and-play rack-scale Total IT solutions in AI, cloud, and enterprise 
applications. We continue our strong revenue growth with 61% CAGR 
over the past three years. This demonstrates the strength of our 
innovation, the agility of our business model, our unique ability to 
design and manufacture in-house, and deliver optimized first-to-market 
IT solutions. Thanks to our focused efforts, we believe we now lead the 
market in AI systems and DLC liquid cooling solutions. Supermicro is in a 
class of its own!
Although we faced some unforeseen headwinds at the start of FY25, delaying the filing of this Annual 
Report for FY24, these challenges did not impact our product innovation or the confidence shared 
between us and our key customers, partners, or shareholders. I am happy to report that we are now 
current on all financial filings and focused on continued business growth. We are scaling our teams 
and processes and continue to strengthen our senior leadership across the organization. We are also 
expanding our manufacturing footprint in North America, Europe, and Asia, with Malaysian facilities 
now is ready for fully online. With this expansion, we now have the capacity to produce up to 5,000 racks 
of AI/IT solutions per month with 2,000 150KW liquid cooled. With that, our goal remains unchanged: 
to help our customers achieve breakthrough performance, be cost efficient, easy to use, and reduce 
environmental impact.
Lastly, I would like to thank our employees, partners, Board of Directors, and shareholders. FY24 
was a testament to the value we created for all stakeholders, and we will move forward in FY25 with 
confidence and purpose, committed to delivering superior technology solutions and sustainable 
growth. We will continue to lead the industry with our Data Center Building Block Solutions (DCBBS) and 
Direct Liquid Cooling (DLC) technologies, delivering scalable and rapid Total IT Solutions that propel AI 
technology advancement. Our unique new DCBBS is getting ready for volume deployment and the 
ready-to-ship Blackwell GPU solutions are right around the corner. Our best is yet to come.
Sincerely,
Charles Liang
President and CEO
Super Micro Computer, Inc.


Our Corporate Strategy
Complete Data Center Solutions with DCBBS Offering    
As our customers’ needs continue to evolve, we are beginning to offer our Data Center Building Block Solutions 
(DCBBS) which can serve customers with a performance and cost-optimized complete data center. These 
solutions include AI platforms, next generation compute, storage, networking, edge IOT, software, and the 
complete direct liquid cooling (DLC) stack, along with on-site installation, end-to-end DC management software 
and service. This combination enables our global top-tier customers to set up new data centers at scale 
and accelerate their time-to-online. We believe customers will begin adopting our DCBBS solutions in both 
greenfield and brownfield data centers. As our offerings continue to evolve, we believe this will drive our strong 
growth for years to come.
DLC Technology Benefits Accelerating Green Computing
Next-generation data centers and processors have increased power requirements, creating demand for 
suppliers who can lower energy costs while providing superior technical performance. As the leader in DLC 
technology, we have demonstrated the ability to increase rack density and lower power requirements with our 
proprietary designs. This approach enables users of our rack-level turnkey computing platforms to be more 
power efficient, swapping air conditioning for compute density, and lowering total cost of ownership. We 
estimate the universal adoption of our energy-saving products can save more than $10 billion in energy costs, 
saving the equivalent of 10 billion trees.
Building Block and Liquid Cooled Solutions Enable Multi-Platform Design Wins
Our Building Block strategy has enabled our engineers to rapidly develop new technologies with superior 
performance, unmatched power efficiency, and the broadest choice of solutions for our customers. The 
acceleration of new CPU and GPU platforms has elevated power and thermal design challenges. Our teams 
remain dedicated to delivering exceptional solutions, enabling our customers to achieve the lowest cost per 
compute and best performance per watt, which benefits their organization. We are also witnessing an increase 
in the adoption of next-generation compute technologies, along with DLC solutions, which could soon reach 
30% industry penetration.
Time-to-Market and Innovative Infrastructure Design
Customers are eager to deploy solutions quickly to serve their own customers effectively. Our ability to enable 
any compute architecture, in any system, rack, data center, or scale, ensures the fastest time-to-market, driving 
profitability for our customers. Our strategy of leading the infrastructure market through best-in-class design 
capabilities, powered by U.S.A engineering, a global manufacturing footprint, and worldwide distribution, 
has significantly accelerated our growth. Our design engineers have developed innovative solutions that 
have enabled us to deliver the best time-to-market and time-to-online for key customers across Enterprise, 
Cloud, Neo-Cloud, and Edge/Telecom markets. Equally important, nearly all our server and storage systems are 
manufactured and tested in-house, either in Silicon Valley, Taiwan, the Netherlands, or Malaysia, providing a 
synergistic and global supply chain advantage that complements our design expertise.
Rapid Expansion of Global Manufacturing Footprint
As we continue to gain mind and market share for accelerated compute platforms, DCBBS, and DLC solutions, 
we are scaling our North American and global manufacturing footprint. Our capabilities enable strong support 
for customers, suppliers, and partners. Additionally, we recently announced plans for a third campus in Silicon 
Valley, expected to span nearly 3 million square feet upon completion, with construction set to begin in 2025. 
Our ability to control manufacturing enables us to drive cost efficiencies and further extends our time-to-
market advantage of delivering rack-scale Plug and Play (PnP) solutions well ahead of the competition.

Cautionary Statement Regarding Forward Looking Statements
Statements contained in this letter and “Our Corporate Strategy” section above that are not historical fact may 
be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 
21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial 
performance based on management’s beliefs and assumptions and on information currently available to 
management. In some cases, you can identify forward-looking statements by terminology including “believe,” 
“can,” “continue,” “enable,” “estimate,” “expect,” “will,” or the negative of these terms or other comparable 
terminology. Such forward-looking statements may relate to, among other things, the Company’s focus on 
technology innovation, strengthening partnerships, enhancing shareholder value, and driving rapid growth; 
the Company’s scaling of its workforce and processes; the Company’s planned manufacturing expansion, 
including its third Silicon Valley campus; the Company’s continued leading of the industry with its DCBBS 
and DLC technologies that deliver scalable and rapid solutions that propel AI technology advancement; the 
Company’s belief that over time customers will be able to adopt its DCBBS solutions into either their greenfield 
or brownfield data centers; the ability of DCBBS to become an enabler of continued strong growth; the 
Company’s belief that industry adoption of DLC to over 30% in the near future; the Company’s gain in mind and 
market share for accelerated compute platforms, DLC, and DCBBS solutions; the Company’s ability of having 
control over the Company’s manufacturing enabling cost efficiencies and extending time to market advantage; 
and the estimates of energy costs saved and number of trees saved by universal adoption of the Company’s 
products. Such forward-looking statements do not constitute guarantees of future performance and are 
subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those 
anticipated, including: (i) circumstances, litigation and other legal proceedings, expenses and other outcomes 
related to certain matters related to governance, transparency, and our internal control over financial reporting, 
as discussed under the caption “Explanatory Note” in our Annual Report on Form 10-K for our fiscal year ended 
June 30, 2024; (ii) our failure in timely filing our SEC reports; (iii) our availability to access outside financing; (iv) 
negative publicity and potential customers’ concerns; (v) our quarterly operating results may fluctuate, which 
could cause rapid declines in our stock price; (vi) if we fail to meet publicly announced financial guidance or 
other expectations about our business, our stock could decline in value; (vii) the timely development of new 
products and enhancements to our existing products; (viii) our ability to maintain sufficient inventory; and 
(ix) adverse economic conditions may harm our business. Additional factors that could cause actual results to 
differ materially from those projected or suggested in any forward-looking statements are contained in our 
filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk 
Factors” in such filings, particularly in our Annual Report on Form 10-K for our fiscal year ended June 30, 2024, 
and Quarterly Reports on Form 10-Q filed thereafter. 
These forward-looking statements represent our estimates and assumptions only as of the date of this filing. We 
undertake no obligation to update or revise any forward-looking statements, or to update the reasons actual 
results could differ materially from those anticipated in these forward-looking statements, whether as a result 
of new information, future events or otherwise, except as required by law. We cannot guarantee future results, 
levels of activity, performance or achievements. Given these risks and uncertainties, readers are cautioned not to 
place undue reliance on such forward-looking statements.

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