Penguin Solutions Earnings Reports

Penguin Solutions delivered a solid Q4, with increased revenue and positive net income after a loss in the same period last year. Strength in Integrated Memory and overall gross profit helped lift performance.

Penguin Solutions posted $324.25M in revenue and a non-GAAP EPS of $0.47, reflecting solid execution on strategic initiatives. While GAAP EPS turned slightly negative, the company showed strong operating income and raised its full-year earnings outlook.

Penguin Solutions delivered a solid Q2 FY2025, with 28% revenue growth YoY and improved profitability, driven by strong performance in advanced computing and integrated memory segments.

Penguin Solutions reported a strong first quarter in fiscal year 2025, with a 24.4% increase in net sales compared to the year-ago quarter, driven by a 49% increase in Advanced Computing revenue. The company's GAAP diluted EPS was $0.10, and non-GAAP diluted EPS was $0.49. They affirmed their outlook for the full fiscal year.

Penguin Solutions reported Q4 FY24 revenue of $311 million, a slight decrease of 1.7% year-over-year, but marked by the third consecutive quarter of sequential top-line growth. The company's transition to Penguin Solutions reflects its focus on AI infrastructure and high-performance computing solutions.

SMART Global Holdings, Inc. reported Q3 fiscal 2024 financial results with net sales of $300.6 million, a GAAP gross margin of 29.6%, and a GAAP EPS of $0.10. Non-GAAP EPS was $0.37, reflecting a 37% increase quarter over quarter.

SGH reported second quarter fiscal 2024 results with net sales of $284.8 million, a 3.9% increase sequentially. GAAP EPS was $(0.26) and non-GAAP EPS was $0.27.

SMART Global Holdings reported first quarter fiscal 2024 financial results, highlighted by record GAAP and non-GAAP gross margins and the completion of the divestiture of the Brazil business. The company ended the quarter with a strong cash position of $553 million.

SMART Global Holdings reported Q4 fiscal 2023 results, with net sales of $316.7 million and a GAAP EPS of $1.17. Non-GAAP gross margin increased to 31.7%, and non-GAAP earnings were $0.35 per share. The company exited the quarter with $391 million in cash, cash equivalents and short term investments.

SMART Global Holdings reported strong Q3 fiscal 2023 results with a non-GAAP gross margin increase to 28.0% and non-GAAP EPS of $0.66. The company ended the quarter with a record $401 million in cash and cash equivalents and announced an agreement to sell an 81% interest in SMART Brazil.

SMART Global Holdings (SGH) reported Q2 fiscal year 2023 results with net sales of $429 million. The company's non-GAAP EPS was $0.76, exceeding the high end of its guidance range, and it held $376 million in cash and cash equivalents.

SMART Global Holdings, Inc. reported first quarter fiscal 2023 financial results with net sales of $465 million and non-GAAP gross margins of 27.8%. The company is strategically investing in its business while managing operations in a prudent manner.

SMART Global Holdings, Inc. reported Q4 fiscal 2022 financial results with net sales of $438 million and GAAP EPS of $0.40. The company achieved record net sales and gross margins in full year fiscal 2022.

SMART Global Holdings reported strong Q3 fiscal 2022 financial results with net sales of $463 million, a GAAP gross margin of 24.7%, and GAAP EPS of $0.44. The company also announced a definitive agreement to acquire Stratus Technologies.

SMART Global Holdings, Inc. reported strong second quarter fiscal 2022 financial results, with net sales of $449 million, a 48% increase compared to the year-ago quarter. Non-GAAP EPS was $0.87, up 98% year-over-year. The Board of Directors approved a $75 million share repurchase authorization.

SMART Global Holdings, Inc. reported a strong first quarter in fiscal year 2022, marked by a 61% increase in net sales compared to the previous year, reaching $470 million. The company also saw significant improvements in gross margin and EPS, both on a GAAP and non-GAAP basis. A two-for-one share split was announced to further improve liquidity and broaden the shareholder base.

SMART Global Holdings, Inc. reported a strong Q4 fiscal 2021 with net sales of $467.7 million, up 57% year-over-year, and GAAP EPS of $0.78, up 160% year-over-year. Non-GAAP EPS was $2.16, a 163% increase year-over-year. The company's GAAP gross margin improved to 25.2%, and non-GAAP gross margin reached 26.4%. Fiscal year 2021 was transformative for SGH, marked by accomplishments across its Intelligent Platform Solutions, Memory Solutions, and LED Solutions business lines.

SMART Global Holdings reported a 56% increase in GAAP net sales compared to the same period last year, reaching $437.7 million. Non-GAAP net income was $35.5 million, or $1.39 per diluted share, up 107.6% and 98.6%, respectively, compared to the same period last year. GAAP net loss was ($7.2) million, or ($0.30) per diluted share.

SMART Global Holdings reported second quarter fiscal 2021 results with net sales of $304.0 million, up 11.8% compared to the year ago quarter and non-GAAP earnings per share of $0.87, up 67.3% compared to the year ago quarter.

SMART Global Holdings reported a 7.2% increase in net sales compared to the year-ago quarter, reaching $291.7 million. GAAP net income was $2.0 million, or $0.08 per share, while non-GAAP net income reached $19.6 million, or $0.78 per share.

SMART Global Holdings reported Q4 2020 financial results with net sales of $297.0 million, a 6.7% increase year-over-year. GAAP net income was $7.5 million, or $0.30 per share, while non-GAAP net income was $20.4 million, or $0.82 per share. The company's strong balance sheet positions it well for future growth and diversification.

SMART Global Holdings reported a 19.4% increase in net sales compared to the year-ago quarter, reaching $281.3 million. GAAP net income was $0.8 million, or $0.03 per share, while non-GAAP net income was $17.1 million, or $0.70 per share. Adjusted EBITDA was $25.4 million, 32.5% higher than the year-ago quarter.

SMART Global Holdings reported second quarter fiscal 2020 financial results with net sales of $272.0 million. GAAP net loss was ($9.7) million, or ($0.41) per share, while non-GAAP net income was $12.8 million, or $0.52 per share. The company increased cash and equivalents to $141.9 million.