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Aug 26, 2022
SMART Q4 2022 Earnings Report
SGH reported solid operating performance capping off a record year of revenue, gross margins, adjusted EBITDA and non-GAAP earnings per share.
Key Takeaways
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.
Net sales of $438 million, down 6% versus the year-ago quarter
GAAP gross margin of 23.7%, down 150 basis points versus the year-ago quarter
GAAP EPS of $0.40 versus $0.39 in the year-ago quarter
Repurchased 2.18 million shares for $39.8 million in cash
SMART
SMART
Forward Guidance
SGH is providing the following financial outlook for its first quarter of fiscal 2023: Net sales $425 to $475 million, Gross margin 24.5% to 26.5%, Diluted earnings per share $0.14 +/- $0.15, Diluted shares 51 million