SMART Global Holdings, Inc. (SGH) Tops Q2 EPS by 7c; Guides Q3 Higher

SMART Global Holdings, Inc. (NASDAQ: SGH) reported Q2 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $304 million versus the consensus estimate of $295.58 million.

“Our second quarter sales of $304 million, which represented an 11.8 percent increase compared to the same quarter of fiscal 2020, enabled us to achieve non-GAAP earnings per share of $0.87, exceeding the high end of our guidance,” commented Mark Adams, President and CEO. “The Intelligent Platform Solutions business, formerly referred to as Specialty Compute and Storage Solutions, grew sales 30% quarter over quarter, and when coupled with the newly acquired Cree LED, illustrates the continued progress of a growing and diversified SGH.”

GUIDANCE:

SMART Global Holdings, Inc. sees Q3 2021 EPS of $1.00-$1.20, versus the consensus of $0.90. SMART Global Holdings, Inc. sees Q3 2021 revenue of $400-430 million, versus the consensus of $314.01 million.

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

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Customers Bancorp (CUBI) Tops Q1 EPS by 3c
• SPS Commerce (SPSC) Tops Q1 EPS by 12c