SMART Modular (SMOD) Raises Q1 EPS and Sales Guidance
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SMART Modular Technologies (NASDAQ: SMOD) expets Q1 non-GAAP diluted net income per share is expected to be in the range of $0.06 to $0.08, a substantial increase to the previous guidance provided by the Company of $0.02 to $0.04. The consensus is $0.01.
The Company expects to report net sales in the range of $110 to $120 million, more than 10% higher than the previous guidance of $98 to $105 million and the consensus of $103 million. Gross profit is expected to be in the range of $24 to $26 million, approximately 20% higher than the previous guidance of $20 to $22 million.
The improved guidance is primarily driven by growth in end user demand, particularly in the PC and enterprise markets.
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