SMART Global Holdings, Inc. (SGH) Tops Q2 EPS by 40c, Beats on Reveues; Offers Q3 EPS/Revenue Outlook Above Consensus

SMART Global Holdings, Inc. (NASDAQ: SGH) reported Q2 EPS of $1.73, $0.40 better than the analyst estimate of $1.33. Revenue for the quarter came in at $314 million versus the consensus estimate of $290.64 million.

Second Quarter Fiscal 2018 Highlights:

• Net sales of $314.0 million, 83% higher than prior year quarter
• GAAP operating income of $45.1 million
• GAAP net income of $36.8 million
• Adjusted EBITDA of $56.2 million
• GAAP diluted EPS of $1.60 (1)
• Non-GAAP diluted EPS of $1.73(1)
  • (1) GAAP and Non-GAAP diluted EPS include $0.10 of EPS due to FX gains

GUIDANCE:

SMART Global Holdings, Inc. sees Q3 2018 EPS of $1.74-$1.82, versus the consensus of $1.26. SMART Global Holdings, Inc. sees Q3 2018 revenue of $320-340 million, versus the consensus of $292.75 million.

For earnings history and earnings-related data on SMART Global Holdings, Inc. (SGH) click here.

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