Super Micro Computer, Inc.

Ladies and gentlemen, thank you for standing by and welcome to Supermicro first quarter fiscal 2022 earnings call. At this time, all participants are in a listen-only mode. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. To remove yourself from the queue, simply press star one again. At this time, I would like to turn the conference over to Nicole Nuccio, Investor Relations for Supermicro. Please go ahead.

Good afternoon, and thank you for attending Supermicro's call to discuss financial results for the first quarter, which ended September 30th, 2021. By now, you should have received a copy of the news release from the company that is distributed at the close of the regular trading is available on the company's website. As a reminder, during today's call, the company referred to its presentation that's available to participants in the IR section of the company's website under Events and Presentations tab. We've also published management scripted commentary on our website. Please note some of the information you hear during our discussion today will consist of four looking statements, including without limitation those regarding revenue, gross margin, operating expenses, other income and expenses, taxes, capital allocation, and future business outlook, including guidance for the second quarter of the fiscal year 2022, the full fiscal year 2022, and the potential impact of COVID-19 on the company's business and results of operations. There are a number of risk factors that can cause future results to differ materially from our expectations. You can learn more about these risks in the press release we issued earlier this afternoon, our most recent 10-K filing for fiscal 2021, and our other SEC filings. All these documents are available on the Best Relations page of Supermicro's website. We've seen no obligation to update any forward-looking statements. Most of today's presentation referred to non-GAAP financial results and business outlook. For an explanation of our non-GAAP financial measures, please refer to the company presentation and to our press release published earlier today. In addition, a reconciliation of GAAP to non-GAAP results is contained in today's press release and the supplemental information attached in today's presentation. At the end of today's prepared remarks, we will have a Q and a session for cell side to ask questions. So that I'll now turn the call over to Charlie and founder chairman and chief executive officer, Charles.

Thank you, Nicole. And good afternoon, everyone. I'm pleased to announce that our quarterly revenue exceed $1 billion, even during a traditional week, September quarter. Well, physical Q1, In 2022, we delivered strong year-over-year revenue growth of 35%. We continue to gain much share and are executing well against our plan to achieve $10 billion annual revenue. The revenue growth was driven by strong progress across many key customers. with our total i.t solution strategy now let's look at some highlights from the quarter first our first quarter net revenue total 1.03 billion it's our second consecutive quarter of one billion dollars plus in revenue up 35 percent year on year and down three percent quarter on quarter exceeding our guidance of $900 million to $980 million. Our efforts continue to enable our growth strategically at multiple times the average industry growth rate. Our fiscal first quarter non-get earning per share was 58 cents compared to 55 cents in the same period one year ago and higher than our guidance of 28 to 48 cents. All our major geographies contribute significant year-over-year growth, with the APEC region, including Japan, doubling year-over-year. The newly completed Taiwan expansion at Ba Tei is greatly helping our Asian email growth momentum. by providing additional capacity and lowering operation costs. These results show that we remain on track to achieve our $10 billion revenue target as we previously shared. We started our business with the basic system building block solution on the market 28 years ago. After many years of servicing the system integrators, and value-add reseller. We began to offer application-optimized computer systems to direct partners, including many appliance partners, OEM, and large enterprise accounts. In the past 10 years, we have continued to expand and begin our business transition from a hardware solution company to a total IT solution company. that combine hardware, software, service, and more features. This application optimizes total IT solutions for many vertical markets and a much broader technology footprint today. We are redefining our growth drivers to speed up our growth strategies. First, subsystem and components. We will continue to offer server-mageable enclosures, spare bones, and accessories to the market to continue to help growing our market share. And second, computer systems. We will continue to fully focus and expand on growing our complete hardware system with technologies co-developed with our key partners, including Intel, AMD, NVIDIA, Broadcom, and others. And third, total IT solutions. We are accelerating our broad development of appliance and plug-and-play large-scale solutions for AI, machine learning, industrial automation, IoT, 5G telco, and cloud products. And number four. YS. We are finally ready to aggressively promote our software service and switch product lines. And I will share more about the other two S when they are ready. Our building blocks and completed systems business have been stable and growing over the decades. And they serve the backbone of our revenue growth. With more enterprise customers and appliance partners engagement, our drug-scale total IT solution business is our new major focus now. To make our total IT solutions a stimulus experience for our customers, we have been increasing our R&D resource to focus on many software products service and networking for many years. These products as a higher value part of our total IT solutions will be the key to improve our margin and profitability in the coming quarters and years. Our new online auto calculator together with our new B2B program are now driving our business growth more efficiently than ever before. Our innovative new command center customer service system has been greatly helping our sales, FAE, PM, as well as our key customers. They are dramatically improving our business interactions with customers. much faster much accurate more optimized and more customer friendly while reducing manpower human delay and arrows our new intelligent database driven tools are indeed performing much smarter and faster than human efforts in most areas this automatic intelligence system is servicing our sales force and customers to their greatest satisfaction now, and it will be constantly upgraded and updated. Our push for world total IT solution is benefiting Supermicro and our customers in multiple ways. Most importantly, our customers will receive higher quality products They are fully optimized, integrated, and validated in-house. For the P&P plug-and-play black-scale products, our customers just need to connect network and power cable, and then ready to run their application. These shrink their deployment time for many weeks to just a few hours. The total IT solution is also helping Supermicro and our customers to mitigate the impact or the global shortage, the supply chain disruptions by accurately forecasting building inventory in scale and prioritizing with our strategic partners. The system building bulk solution allows us to utilize sets of common subsystems and components to create, design, and deliver first-to-market products with reduced manufacturing and supply chain complexity and risk. These will dramatically improve our customers' time-to-market, which is preferable to their success. The Total IT solution is indeed a win-win-win proposition for Supermicro. our customers and our supply chain partners. Customers can get a taste of our total IT solutions now by signing up for our new Jumpstart program. They can remotely run their software and applications on our customer pre-configured, pre-validated rack. powered by the latest technology from Intel, AMD, and Nvidia. We are also providing a hosted instance of plug and play cloud infrastructure with operating system and other tools that can be accessed remotely for development and testing. The program will instill more confidence in G4 Micro customers as it delivers the convenience, faster time-to-market, performance optimization, cost-saving, and security. In summary, G4 Micro is rapidly growing and is transforming into a total IT solution company from a server hardware company. In addition to providing the greenest hardware total solution, Our software, speech, and service products are now ready for any large enterprise, cloud, AI, and telco customers. Second, we are building on and expanding our successful product and technology leadership. Our new growth factors, including the total IT solutions and fast-growing 5S product lines, are key to achieve our $10 billion revenue target with higher portability. And third, replicating our market share success in the U.S. through APEC and email with the completion of our new APEC campus in Taiwan. And fourth, our new command center-based auto calculator and B2B automation platforms are getting broadly used by customers around the world now. And they are accelerating our market share and customer satisfaction. In closing, I'm getting much happier with the progress of our business transformation, which is resulting in the acceleration of our business in fiscal 2022 and beyond. As a total IT solution company, Our temp continues to increase as we invest our resource for growth. And I am optimistic about achieving our $10 billion annual revenue goal in a much sooner schedule. With that, I will now pass the call to David Wiggins, our CFO, to provide additional detail. Thank you.