1、Letter to Our ShareholdersDear 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 gr

2、owth 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 A

3、I 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 cu

4、stomers,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 foot

5、print 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 brea

6、kthrough 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,co