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May 27, 2022
SMART Q3 2022 Earnings Report
Reported ninth consecutive quarter of year-over-year revenue growth and announced entry into a definitive agreement to acquire Stratus Technologies.
Key Takeaways
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.
Net sales increased by 6% year-over-year to $463 million.
GAAP gross margin rose by 540 basis points year-over-year to 24.7%.
GAAP EPS was $0.44, compared to a loss of $(0.15) in the year-ago quarter.
Signed a definitive agreement to acquire Stratus Technologies.
SMART
SMART
Forward Guidance
SGH provides financial outlook for its fourth quarter of fiscal 2022 with net sales between $420 to $460 million and diluted earnings per share of $0.22 +/- $.10.
Positive Outlook
- Net sales are expected to be between $420 million and $460 million.
- Gross margin is projected to be between 22.5% and 24.5%.
- Non-GAAP gross margin is expected to be between 23.5% and 25.5%.
- Diluted earnings per share are forecasted at $0.22 +/- $.10.
- Non-GAAP diluted earnings per share are projected at $0.65 +/- $.10.