8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2016

SUPER MICRO COMPUTER, INC.

(Exact name of registrant specified in its charter)

Delaware	001-33383	77-0353939
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

980 Rock Avenue, San Jose, California 95131

(Address of principal executive offices, including Zip Code)

Registrant’s telephone, including area code: (408) 503-8000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 28, 2016, Super Micro Computer, Inc. issued a press release announcing its operating and financial results for the third quarter of fiscal year 2016. A copy of the press release including consolidated financial statements for the third quarter ended March 31, 2016 is being furnished as Exhibit 99.1. The slides for Super Micro Computer Inc.’s third quarter earnings presentation on April 28, 2016 are being furnished as Exhibit 99.2. The information in this report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), and is not to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits

Exhibit Number	Description
99.1	Press Release of Super Micro Computer, Inc. dated April 28, 2016 announcing its operating and financial results for the quarter ended March 31, 2016.
99.2	Slides for Super Micro Computer, Inc.’s third quarter earnings presentation on April 28, 2016.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		SUPER MICRO COMPUTER, INC.
Date:	April 28, 2016	By:	/s/ Charles Liang
			President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)

Exhibit Index

Exhibit Number	Description
99.1	Press Release of Super Micro Computer, Inc. dated April 28, 2016 announcing its operating and financial results for the quarter ended March 31, 2016.
99.2	Slides for Super Micro Computer, Inc.’s third quarter earnings presentation on April 28, 2016.

EX-99.1

Exhibit 99.1

Super Micro Computer, Inc. Announces 3rd Quarter 2016 Financial Results

SAN JOSE, Calif., April 28, 2016 (BUSINESS WIRE) -- Super Micro Computer, Inc. (NASDAQ:SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced third quarter fiscal 2016 financial results for the quarter ended March 31, 2016. The final results are in line with the preliminary results announced by the Company on April 14, 2016.

Fiscal 3rd Quarter Highlights

• Quarterly net sales of $532.7 million, down 16.6% from the second quarter of fiscal year 2016 and up 13.1% from the same quarter of last year.

• GAAP net income of $16.7 million, down 52.0% from the second quarter of fiscal year 2016 and down 27.7% from the same quarter of last year.

• GAAP gross margin was 14.9%, down from 16.6% in the second quarter of fiscal year 2016 and down from 16.3% in the same quarter of last year.

• Server solutions accounted for 69.9% of net sales compared with 71.0% in the second quarter of fiscal year 2016 and 64.1% in the same quarter of last year.

Net sales for the third quarter ended March 31, 2016 totaled $532.7 million, down 16.6% from $639.0 million in the second quarter of fiscal year 2016. One customer accounted for 10.2% of net sales during the quarter ended March 31, 2016.

GAAP net income for the third quarter of fiscal year 2016 was $16.7 million or $0.32 per diluted share, a decrease of 27.7% from net income of $23.1 million, or $0.44 per diluted share in the same period a year ago. Included in net income for the quarter is $3.9 million of stock-based compensation expense (pre-tax). Excluding this item and the related tax effect, non-GAAP net income for the third quarter was $19.0 million, or $0.36 per diluted share, compared to non-GAAP net income of $24.9 million, or $0.47 per diluted share, in the same quarter of the prior year. On a sequential basis, non-GAAP net income decreased from the second quarter of fiscal year 2016 by $19.0 million or $0.37 per diluted share.

GAAP and Non-GAAP gross margin for the third quarter was 14.9% compared to 16.3% in the same period a year ago. GAAP gross margin for the second quarter of fiscal year 2016 was 16.6% and Non-GAAP gross margin for the second quarter of fiscal year 2016 was 16.7%.

The GAAP income tax provision was $7.4 million or 30.7% of income before tax provision compared to $8.1 million or 26.1% in the same period a year ago and $14.1 million or 28.8% in the second quarter of fiscal year 2016. The effective tax rates for the second quarter of fiscal year 2016 and third quarter of fiscal year 2015 were lower primarily due to the reinstatement of U.S. federal research and development tax credits.

The Company's cash and cash equivalents and short and long term investments at March 31, 2016 were $179.1 million compared to $98.1 million at June 30, 2015.Free cash flow for the nine months ended March 31, 2016 was $67.7 million, primarily due to an increase in the Company's cash provided by operating activities and partially offset by the cash used in the development and construction of improvements on the Company's properties.

Business Outlook & Management Commentary

The Company expects net sales of $580 million to $640 million for the fourth quarter of fiscal year 2016 ending June 30, 2016. The Company expects non-GAAP earnings per diluted share of approximately $0.46 to $0.58 for the fourth quarter.

“As previously disclosed, in the seasonally weaker third quarter, softer market demand caused our results to be below our guidance. However, we continued to grow at an industry leading pace by growing 13.1% over last year and the third quarter marks the 27 straight quarter of year-over-year growth. This quarter, growth was led by our two strongest segments, Datacenter and Cloud as well as Storage,” said Charles Liang, Chairman and Chief Executive Officer. “As we look to the quarter ahead, Supermicro will again be first to market with the broadest array of server solutions built on Broadwell which was recently launched. In addition, we will continue to offer the industry’s most innovative solutions for the software defined storage market, including all flash, NVMe, hybrid and converged solutions.”

It is currently expected that the outlook will not be updated until the Company’s next quarterly earnings announcement, notwithstanding subsequent developments. However, the Company may update the outlook or any portion thereof at any time. Such updates will take place only by way of a news release or other broadly disseminated disclosure available to all interested parties in accordance with Regulation FD.

Conference Call Information

Super Micro Computer will discuss these financial results in a conference call at 2:00 p.m. PT, today. To participate in the conference, please call 1-888-504-7963 (International callers dial 1-719-785-1765) 10 minutes prior. A recording of the conference will be available until 11:59 pm (Eastern Time) on Thursday, May 12, 2016, by dialing 1-877-870-5176 (International callers dial 1-858-384-5517) and entering replay PIN 1162246. The live web cast and recording of the call will be available on the Investor Relations section at www.supermicro.com two hours after the conference conclusion. They will remain available until the Company's next earnings call.

Cautionary Statement Regarding Forward Looking Statements

Statements contained in this press release 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. Such forward-looking statements may relate, among other things, to our expected financial and operating results, our ability to build and grow Super Micro Computer, the benefits of our products and our ability to achieve our goals, plans and objectives. 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. These include, but are not limited to: our dependence on continued growth in the markets for X86, blade servers and embedded applications, increased competition, difficulties of predicting timing, introduction and customer acceptance of new products, poor product sales, difficulties in establishing and maintaining successful relationships with our distributors and vendors, shortages or price fluctuations in our supply chain, our ability to protect our intellectual property rights, our ability to control the rate of expansion domestically and internationally, difficulty managing rapid growth and general political, economic and market conditions and events. 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.

Use of Non-GAAP Financial Measures

Non-GAAP gross margin discussed in this press release excludes stock-based compensation expense. Non-GAAP net income and net income per share discussed in this press release exclude stock-based compensation expense and the related tax effect of the applicable items. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company's financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Pursuant to the requirements of SEC Regulation G, detailed reconciliations between the Company's GAAP and non-GAAP financial results is provided at the end of this press release. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in the Company's SEC filings.

About Super Micro Computer, Inc.

Supermicro®, a global leader in high-performance, high-efficiency server technology and innovation is a premier provider of end-to-end green computing solutions for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro's advanced Server Building Block Solutions® offer a vast array of components for building energy-efficient, application-optimized, computing solutions. Architecture innovations include Twin, TwinPro, FatTwin™, Ultra Series, MicroCloud, MicroBlade, SuperBlade®, Simply Double, Double-sided Storage®, Battery Backup Power (BBP®) modules and WIO/UIO. Products include servers, blades, GPU systems, workstations, motherboards, chassis, power supplies, storage, networking, server management software and SuperRack® cabinets/accessories delivering unrivaled performance and value.

Founded in 1993 and headquartered in San Jose, California, Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative. The Company has global logistics and operations centers in Silicon Valley (USA), the Netherlands (Europe) and its Science & Technology Park in Taiwan (Asia).

Supermicro, FatTwin, TwinPro, SuperBlade, Double-Sided Storage, BBP, SuperRack, Building Block Solutions and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names and trademarks are the property of their respective owners.

SUPER MICRO COMPUTER, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
			March 31,			June 30,
			2016			2015
ASSETS
Current assets:
	Cash and cash equivalents		$	176,406		$	95,442
	Accounts receivable, net		285,705			322,594
	Inventory		479,276			463,493
	Deferred income taxes – current		17,895			17,863
	Prepaid income taxes		14,913			7,507
	Prepaid expenses and other current assets		9,416			7,516
		Total current assets	983,611			914,415
Long-term investments			2,633			2,633
Property, plant and equipment, net			179,622			163,038
Deferred income taxes – noncurrent			7,089			4,497
Other assets			8,158			5,226
		Total assets	$	1,181,113		$	1,089,809
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable		$	277,279		$	299,774
	Accrued liabilities		54,132			46,743
	Income taxes payable		9,291			14,111
	Short-term debt and current portion of long-term debt		93,795			93,479
		Total current liabilities	434,497			454,107
Long term debt-net of current portion			—			933
Other long-term liabilities			37,615			15,684
		Total liabilities	472,112			470,724
Stockholders' equity:
	Common stock and additional paid-in capital		271,950			247,081
	Treasury stock (at cost)		(2,030		)	(2,030		)
	Accumulated other comprehensive loss		(92		)	(80		)
	Retained earnings		439,000			373,950
		Total Super Micro Computer Inc. stockholders' equity	708,828			618,921
	Noncontrolling interest		173			164
		Total stockholders' equity	709,001			619,085
		Total liabilities and stockholders' equity	$	1,181,113		$	1,089,809

SUPER MICRO COMPUTER, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Net sales	$	532,721		$	471,225		$	1,691,303		$	1,417,561
Cost of sales	453,569			394,405			1,433,574			1,187,096
Gross profit	79,152			76,820			257,729			230,465
Operating expenses:
Research and development	31,256			25,542			89,846			72,516
Sales and marketing	14,467			12,496			45,177			34,656
General and administrative	8,984			7,334			27,695			17,334
Total operating expenses	54,707			45,372			162,718			124,506
Income from operations	24,445			31,448			95,011			105,959
Interest and other income, net	20			21			131			92
Interest expense	(417		)	(277		)	(1,141		)	(656		)
Income before income tax provision	24,048			31,192			94,001			105,395
Income tax provision	7,386			8,136			28,951			30,234
Net income	$	16,662		$	23,056		$	65,050		$	75,161
Net income per common share:
Basic	$	0.35		$	0.49		$	1.36		$	1.63
Diluted	$	0.32		$	0.44		$	1.26		$	1.47
Weighted-average shares used in calculation of net income per common share:
Basic	48,047			46,824			47,737			46,138
Diluted	52,238			52,008			51,637			51,102
Stock-based compensation is included in the following cost and expense categories by period (in thousands):
	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Cost of sales	$	294		$	222		$	792		$	651
Research and development	2,549			2,255			7,423			6,148
Sales and marketing	491			369			1,330			1,148
General and administrative	552			720			2,223			1,780

SUPER MICRO COMPUTER, INC
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
(In thousands)
(Unaudited)
	Nine Months Ended March 31,
	2016			2015
OPERATING ACTIVITIES:
Net income	$	65,050		$	75,161
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation and amortization	9,538			5,930
Stock-based compensation expense	11,768			9,727
Excess tax benefits from stock-based compensation	(2,506		)	(7,229		)
Allowance for doubtful accounts	1,014			194
Provision for inventory	6,026			4,462
Exchange gain	(1,492		)	(595		)
Deferred income taxes, net	(2,657		)	(4,197		)
Changes in operating assets and liabilities:
Accounts receivable, net	35,875			(9,017		)
Inventory	(21,809		)	(119,007		)
Prepaid expenses and other assets	(3,756		)	675
Accounts payable	(23,176		)	38,712
Income taxes payable, net	(8,583		)	5,814
Accrued liabilities	5,701			6,748
Other long-term liabilities	21,833			1,686
Net cash provided by operating activities	92,826			9,064
INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(25,120		)	(24,637		)
Investment in a privately held company	—			(661		)
Restricted cash	(1,018		)	(418		)
Net cash used in investing activities	(26,138		)	(25,716		)
FINANCING ACTIVITIES:
Proceeds from debt	24,100			36,400
Repayment of debt	(23,700		)	(35,300		)
Proceeds from exercise of stock options	10,661			21,071
Excess tax benefits from stock-based compensation	2,506			7,229
Payment of obligations under capital leases	(133		)	(96		)
Advances under receivable financing arrangements	835			669
Minimum tax withholding paid on behalf of employees for restricted stock units	(1,108		)	—
Net cash provided by financing activities	13,161			29,973
Effect of exchange rate fluctuations on cash	1,115			(948		)
Net increase in cash and cash equivalents	80,964			12,373
Cash and cash equivalents at beginning of period	95,442			96,872
Cash and cash equivalents at end of period	176,406			109,245
Supplemental disclosure of cash flow information:
Cash paid for interest	1,136			649
Cash paid for taxes, net of refunds	34,562			27,455
Non-cash investing and financing activities:
Equipment purchased under capital leases	299			428
Accrued costs for property, plant and equipment purchases	7,316			12,511

SUPER MICRO COMPUTER, INC
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
(Unaudited)
		Three Months Ended March 31,						Nine Months Ended March 31,
		2016			2015			2016			2015
GAAP GROSS PROFIT		$	79,152		$	76,820		$	257,729		$	230,465
	Add back stock-based compensation (a)	294			222			792			651
Non-GAAP GROSS PROFIT		$	79,446		$	77,042		$	258,521		$	231,116
GAAP GROSS MARGIN		14.9		%	16.3		%	15.2		%	16.3		%
	Add back stock-based compensation (a)	0.0		%	0.0		%	0.1		%	0.0		%
Non-GAAP GROSS MARGIN		14.9		%	16.3		%	15.3		%	16.3		%
GAAP INCOME FROM OPERATIONS		$	24,445		$	31,448		$	95,011		$	105,959
	Add back stock-based compensation (a)	3,886			3,566			11,768			9,727
Non-GAAP INCOME FROM OPERATIONS		$	28,331		$	35,014		$	106,779		$	115,686
GAAP NET INCOME		$	16,662		$	23,056		$	65,050		$	75,161
	Add back stock-based compensation (a)	3,886			3,566			11,768			9,727
	Add back adjustments to tax provision (b)	(1,554		)	(1,697		)	(3,341		)	(3,274		)
Non-GAAP NET INCOME		$	18,994		$	24,925		$	73,477		$	81,614
GAAP NET INCOME PER COMMON SHARE – BASIC		$	0.35		$	0.49		$	1.36		$	1.63
	Add back stock-based compensation and adjustments to tax provision (a) (b)	0.05			0.04			0.18			0.14
Non-GAAP NET INCOME PER COMMON SHARE – BASIC		$	0.40		$	0.53		$	1.54		$	1.77
GAAP NET INCOME PER COMMON SHARE – DILUTED		$	0.32		$	0.44		$	1.26		$	1.47
	Add back stock-based compensation and adjustments to tax provision (a) (b)	0.04			0.03			0.14			0.11
Non-GAAP NET INCOME PER COMMON SHARE – DILUTED		$	0.36		$	0.47		$	1.40		$	1.58
WEIGHTED-AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE
	BASIC –GAAP	48,047			46,824			47,737			46,138
	BASIC - Non-GAAP	48,047			46,824			47,737			46,138
	DILUTED – GAAP	52,238			52,008			51,637			51,102
	DILUTED - Non-GAAP	53,119			52,680			52,494			51,670

(a) Amortization of Financial Accounting Standards Board Accounting Standards Codification Topic 718 stock-based compensation for the three and nine months ended March 31, 2016 and 2015.

(b) The provision of income taxes used in arriving at the non-GAAP net income was computed using an income tax rate of 32.0% and 30.5% for the three and nine months ended March 31, 2016, respectively, and 28.3% and 29.1% for the three and nine months ended March 31, 2015, respectively.

SOURCE: Super Micro Computer, Inc.

Super Micro Computer, Inc.

Howard Hideshima, 408-503-8000

SVP, Chief Financial Officer

ir@supermicro.com

or

Perry G. Hayes

SVP, Investor Relations

ir@supermicro.com

SMCI-F

EX-99.2

Confidential © 2016 Supermicro Third Quarter Fiscal 2016 Earnings Conference Presentation April 28, 2016 Exhibit 99.2

Confidential CY’ Q1’ Q4’ 2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may relate, among other things, to our expected financial and operating results, our ability to build and grow Supermicro, the benefit of our products and our ability to achieve our goals, plans and objectives. 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. These include, but are not limited to: our dependence on continued growth in the markets for X86 based servers, blade servers and embedded applications, increased competition, difficulties of predicting timing of new product introductions, customer acceptance of new products, poor product sales, difficulties in establishing and maintaining successful relationships with our distributors and vendors, shortages or price fluctuations in our supply chain, our ability to protect our intellectual property rights, our ability to control the rate of expansion domestically and internationally, difficulty managing rapid growth and general political, economic and market conditions and events. For a further list and description of risks and uncertainties, see the reports filed by Supermicro with the Securities and Exchange Commission. Supermicro disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Supplemental information, condensed balance sheets and statements of operations follow. All monetary amounts are stated in U.S. dollars.

Confidential CY’ Q1’ Q4’ 3 Non-GAAP Financial Measures Non-GAAP gross margin in this presentation excludes stock-based compensation expense. Non- GAAP net income and net income per share in this presentation exclude stock-based compensation expense and the related tax effect of the applicable items. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company's financial and operating performance. However, these non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Pursuant to the requirements of SEC Regulation G, detailed reconciliations between the Company's GAAP and non-GAAP financial results is provided at the end of the press release that was issued announcing the Company’s operating and financial results for the quarter ended March 31, 2016. In addition, a reconciliation from GAAP to non-GAAP results is contained in the financial summary attached to today’s presentation and is available in the Investor Relations section of our website at www.supermicro.com in the Events and Presentations section. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in the Company's SEC filings.

Confidential CY’ Q1’ Q4’ 4 Q3’FY2016 Non-GAAP Financial Highlights (in millions, except per share data)  Revenues were 13.1% lower year over year  Direct business was 54.4% of total revenues  System business was 69.9% of total revenues Change Q3'16 YoY Sequential Revenue $532.7 13.1% -16.6% Profit after Tax $19.0 -23.8% -50.0% EPS $0.36 -24.0% -51.0%

Confidential CY’ Q1’ Q4’ Major Markets  Datacenter/Cloud  26% of Total Revenue  40% YoY Growth  Storage  21% of Total Revenue  23% YoY Growth 5

Confidential CY’ Q1’ Q4’  The Ultra 1U and 2U Broadwell Product Lines  24 DIMM, 160W Xeon CPU, Flexible I/O, NVMe support  3 to 15% less power consumption than competition  The 1U/2U TwinPro and 4U FatTwin  Most optimized for Hyper-converged Applications  Best performance/watt and price/performance ratio  90 Bay/60 Bay, JBOD, Storage Server & 2U All-Flash Storage Array  24 DIMM DP redundant node and 200W+ CPU support  Up to 48 hot-swap NVMe/SAS3 in 2U  Highest storage density and performance  Big Data and Software Defined Storage Solutions  Xeon Phi/KNL and Pascal new GPU Product lines  KNL optimized platforms with 100G OPA connectivity  Non-blocking, direct connect 4 GPUs in 1U. Pascal solutions  Highest computing density and power efficiency  IoT and Embedded  Xeon D and low power SOC solutions  Long Life Cycle, high efficiency, versatile form factors and total solutions (HW/SW)  Management Software and Services World’s Best Server/Storage Product Lines NEW! NEW! NEW! NEW! NEW! 6

Confidential CY’ Q1’ Q4’ 7 Q3’16 Revenue by Geography Other – 6.5% North America 61.3% Europe 17.5% Asia 14.7%

Confidential CY’ Q1’ Q4’ 8 Revenue Trend Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 $471 $574 $520 $639 $533 $'s millions Supermicro Revenue Trend Y/Y 26.1% 34.0% 17.2% 27.0% 13.1% Seq. -6.3% 21.7% -9.4% 23.0% -16.6%

Confidential CY’ Q1’ Q4’ 9 Revenue Analysis Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 $169 $220 $163 $185 $160 $302 $354 $356 $454 $372 $'s millions Supermicro Subsystems/System Revenue Subsystems Systems

Confidential CY’ Q1’ Q4’ 10 Non-GAAP Gross Margins Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 16.3% 15.7% 13.9% 16.7% 14.9%

Confidential CY’ Q1’ Q4’ 11 Non-GAAP Operating Margin Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 7.4% 7.8% 4.9% 8.3% 5.3%

Confidential CY’ Q1’ Q4’ 12 Summary P&L non-GAAP (in millions, except per share data) Change Q3'16 YoY Sequential Q3'15 Q2'16 Operating Expense $51.1 $9.1 -$2.4 $42.0 $53.5 Operating Expense Ratio 9.6% 0.7% 1.2% 8.9% 8.4% Operating Income $28.3 -$6.7 -$24.8 $35.0 $53.1 Net Income $19.0 -$5.9 -$19.0 $24.9 $38.0 EPS $0.36 -$0.11 -$0.37 $0.47 $0.73 Diluted Common Share Count 53.1 52.7 52.1 Effective Quarterly Tax Rate 32.0% 28.3% 28.0%

Confidential CY’ Q1’ Q4’ 13 Q3 FY2016 YTD Summary Statement of Cash Flows ($’s millions) 9 Months Ended 9 Months Ended 31-Mar-16 31-Mar-15 Net Income $65.1 $75.2 Depreciation and amortization $9.5 $5.9 Stock-based comp expense $11.8 $9.7 Other reserves -$0.3 -$7.4 Net change in AR, Inventory, AP -$8.4 -$89.3 Other prepaids and liabilities $15.2 $14.9 Cash flow from operations $92.8 $9.1 Capital expenditures -$25.1 -$24.6 Free cash flow $67.7 -$15.6 Net cash - investing activities -$1.0 -$1.1 Net cash - financing activities $13.2 $30.0 Effect of exchange rate fluctuation on cash and cash equivalents $1.1 -$0.9 Net change in cash $81.0 $12.4

Confidential CY’ Q1’ Q4’ Q3 FY2016 Summary of Balance Sheet Metrics ($’s millions) 14 Q3'16 Q2'16 Change Cash Equivalents & Investments $179.1 $172.6 $6.5 Accounts Receivable $285.7 $314.2 $(28.5) Inventory $479.3 $486.5 $(7.3) Accounts Payable $277.3 $321.2 $(43.9) DSO 51 44 7 DIO 97 82 15 DPO 60 50 10 Cash Cycle Days 88 76 12

Confidential CY’ Q1’ Q4’ 15 Supplemental Financials Third Quarter Fiscal 2016 Ended March 31, 2016

Confidential CY’ Q1’ Q4’ 16 Prior Period Net Income Comparisons (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q3'16 Q2'16 Q3'15 Net Income (GAAP) $16.7 $34.7 $23.1 Stock-based Compensation Expense (tax affected)* $2.3 $3.3 $1.9 Net Income (Non-GAAP)* $19.0 $38.0 $24.9 Diluted Net Income per common share (GAAP) $0.32 $0.67 $0.44 Stock-based Compensation Expense (tax affected)* $0.04 $0.06 $0.03 Diluted Net Income per share (Non-GAAP)* $0.36 $0.73 $0.47 Shares used in diluted EPS calculation (Non-GAAP) * 53.1 52.1 52.7

Confidential CY’ Q1’ Q4’ 17 Non-GAAP Financial Summary (in millions, except per share data) Q3'16 Q2'16 Q3'15 Net Sales $532.7 $639.0 $471.2 Non-GAAP Gross Margin 14.9% 16.7% 16.3% Non-GAAP Operating Expenses $51.1 $53.5 $42.0 Non-GAAP Operating Income $28.3 $53.1 $35.0 Non-GAAP Net Income $19.0 $38.0 $24.9 Non-GAAP Net Income per share $0.36 $0.73 $0.47 Fully diluted shares for calculation 53.1 52.1 52.7

Confidential CY’ Q1’ Q4’ 18 Quarterly Net Income (Loss) GAAP to Non-GAAP Reconciliation (in millions, except per share data) * Note: Non-GAAP, please see Non-GAAP financial measures on page 3. Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Net income (GAAP) $16.7 $34.7 $13.7 $26.7 $23.1 Adjustments: Stock-based compensation expense $3.9 $4.0 $3.9 $4.0 $3.6 Income tax effects of adjustments $(1.6) $(0.7) $(1.1) $(0.7) $(1.7) Net income (Non-GAAP)* $19.0 $38.0 $16.5 $30.0 $24.9 Diluted Net Income per share (GAAP) $0.32 $0.67 $0.27 $0.51 $0.44 Adjustments: $0.04 $0.06 $0.05 $0.06 $0.03 Diluted Net Income per share (Non-GAAP)* $0.36 $0.73 $0.32 $0.57 $0.47 Diluted shares used in GAAP per share calculation 52.2 51.5 51.4 52.0 52.0 Diluted shares used in Non-GAAP per share calculation* 53.1 52.1 52.0 52.6 52.7