The company now anticipates that it will report revenue for its third quarter of fiscal 2020 in the range of $755 million to $785 million. The company's previous guidance range was $770 million to $830 million.
As of March 31, 2020, Supermicro held approximately $285 million in net cash and equivalents.
"We have taken the requisite actions to protect the health and safety of our employees, partners, and community", stated Charles Liang, Chairman and Chief Executive Officer. "While efforts to halt the spread of COVID-19 impacted our operations during the quarter, we continue to operate, with an abundance of caution and expanded safety precautions. Looking ahead, with a strong balance sheet and healthy levels of liquidity, we look to appropriately prioritize and capitalize on any opportunities leveraging our US, Taiwan, and other global facilities. We remain excited about our product solutions targeting the Cloud, Artificial Intelligence, 5G / Edge, and the evolving needs of the Enterprise. I want to thank our loyal employees, partners and customers during this challenging time."