SMART Global Holdings, Inc. (NASDAQ: SGH) reported Q1 EPS of $1.05, $0.13 better than the analyst estimate of $0.92. Revenue for the quarter came in at $264 million versus the consensus estimate of $255 million.

First Quarter Fiscal 2018 Highlights:

• Net sales of $265.4 million, 67% higher than year ago quarter
• GAAP operating income of $31.5 million
• GAAP net income of $21.0 million
• Adjusted EBITDA of $36.9 million
• GAAP diluted EPS of $0.92
• Non-GAAP diluted EPS of $1.05

Business OutlookThe following statements are based upon management's current expectations for the second quarter of fiscal 2018 ending February 23, 2018. These statements are forward-looking, and actual results may differ materially. SMART undertakes no obligation to update these statements.

Net Sales - GAAP/Non-GAAP
21% to 23% Earnings per share - GAAP
Intangible amortization per share
$0.07
$1.30 to $1.36

GUIDANCE:

SMART Global Holdings, Inc. sees FY2018 EPS of $1.30-$1.36, versus the consensus of $0.91. SMART Global Holdings, Inc. sees FY2018 revenue of $280-300 million, versus the consensus of $253.68 million.

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