Loading...
•
Feb 28, 2020
Penguin Solutions Q2 2020 Earnings Report
Reported financial results above the midpoint of the guidance range due to excellent performance.
Key Takeaways
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.
Net sales of $272.0 million
GAAP net income (loss) of ($9.7) million, or ($0.41) per share
Non-GAAP net income of $12.8 million, or $0.52 per share
Increased cash and equivalents to $141.9 million
Penguin Solutions
Penguin Solutions
Forward Guidance
The following statements are based upon management's current expectations for the second quarter of fiscal 2020 ending February 28, 2020.