SMART Q4 2020 Earnings Report
Key Takeaways
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.
Net sales increased by 6.7% year-over-year to $297.0 million.
GAAP net income was $7.5 million, or $0.30 per share, representing a 33.8% increase year-over-year.
Non-GAAP net income reached $20.4 million, or $0.82 per share, a 72.2% increase year-over-year.
Adjusted EBITDA was $33.0 million, 30.6% higher than the year ago quarter.
SMART
SMART
Forward Guidance
SMART Global Holdings expects for the first quarter of fiscal 2021 ending November 27, 2020 net Sales of $280 to $300 million, Diluted EPS - GAAP $0.28 ± $0.05 and Diluted EPS - Non-GAAP $0.70 ± $0.05.
Positive Outlook
- Net Sales $280 to $300 million
- Gross Margin - GAAP / Non-GAAP 18% to 19%
- Diluted EPS - GAAP $0.28 ± $0.05
- Diluted EPS - Non-GAAP $0.70 ± $0.05
- Expected diluted share count 25.0 million