SMART Global Holdings, Inc. (NASDAQ: SGH) reported Q4 EPS of $1.72, $0.06 better than the analyst estimate of $1.66. Revenue for the quarter came in at $374 million versus the consensus estimate of $369.22 million.

“We completed fiscal 2018 with another great quarter, including the closing of our acquisition of Penguin Computing,” commented Ajay Shah, Chairman and Chief Executive Officer. “In addition, we closed our first full fiscal year as a public company with record revenues that crossed the $1 billion mark. Driving this performance was strength in our Specialty Memory business which had a very strong quarter and earned new NVDIMM and VLP RDIMM design wins at major Storage and Server customers. We also had design wins for our ruggedized SSD products and our Embedded Data Cache product in the Industrial Automation market. Brazil continued its strong performance and added many new memory products for PC, server and smartphone applications as well as a new polymer cell-based battery product for smartphones.”

“Our new Specialty Compute and Storage Solutions business led by Penguin Computing performed well in its first quarter as part of SGH. During the quarter we won a number of key contracts with agencies within the Department of Energy (DoE), contractors to the Department of Defense (DoD) and with a number of other enterprise customers for our HPC and AI cluster products.”

“We continue to be focused on growing all our lines of business over the new fiscal year,” concluded Mr. Shah.

GUIDANCE:

SMART Global Holdings, Inc. sees Q1 2019 EPS of $1.74-$1.79, versus the consensus of $1.69. SMART Global Holdings, Inc. sees Q1 2019 revenue of $375-390 million, versus the consensus of $384.96 million.

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