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SMART
🇺🇸 NASDAQ:PENG
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Feb 25, 2022

SMART Q2 2022 Earnings Report

Reported solid financial results with revenue up 48% and non-GAAP EPS up 98% year-over-year.

Key Takeaways

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.

Net sales of $449 million, up 48% versus the year ago quarter

GAAP gross margin of 25.1%, up 750 basis points versus the year ago quarter

Non-GAAP gross margin of 26.0%, up 660 basis points versus the year ago quarter

Non-GAAP EPS of $0.87, up 98% versus the year ago quarter

Total Revenue
$449M
Previous year: $304M
+47.7%
EPS
$0.87
Previous year: $0.44
+97.7%
Non-GAAP Gross Margin
26%
Gross Profit
$113M
Previous year: $53.5M
+110.7%
Cash and Equivalents
$366M
Previous year: $140M
+161.6%
Free Cash Flow
$24.8M
Previous year: $270K
+9081.1%
Total Assets
$1.51B
Previous year: $821M
+83.8%

SMART

SMART

Forward Guidance

SGH is providing the following financial outlook for its third quarter of fiscal 2022: Net sales of $435 to $475 million, Gross margin of 24% to 26%, and Diluted earnings per share of $0.75 +/- $0.08.

Positive Outlook

  • Net sales between $435 to $475 million
  • Gross margin between 24% to 26%
  • Diluted earnings per share of $0.75 +/- $0.08

Company Overview

Full financial data and analysis

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