SMART Global Holdings, Inc. (SGH) Tops Q1 EPS by 16c, Offers Q2 Guidance

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SGH Reports First Quarter Fiscal 2022 Financial Results

January 4, 2022 4:05 PM EST

Announces Two-for-One Share Split

7th Consecutive Quarter of Year-over-Year Revenue Growth

MILPITAS, Calif.--(BUSINESS WIRE)-- SMART Global Holdings, Inc. (SGH or the Company) (NASDAQ: SGH) today reported financial results for the first quarter of fiscal 2022.

First Quarter Fiscal 2022 Highlights

Net sales of $470 million, up 61% versus the year ago quarter GAAP gross margin of 26.0%, up approximately 800 basis points versus the year ago quarter Non-GAAP gross margin of 27.0%, up approximately 850 basis points versus the year ago... More