SMART Global Holdings, Inc. (SGH) Tops Q1 EPS by 20c, Offers Guidance
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SGH Reports First Quarter Fiscal 2023 Financial Results
January 3, 2023 4:05 PM ESTMILPITAS, Calif.--(BUSINESS WIRE)-- SMART Global Holdings, Inc. (SGH or the Company) (NASDAQ: SGH) today reported financial results for the first quarter of fiscal 2023. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.
First Quarter Fiscal 2023 Highlights
Net sales of $465 million, up 6.3% versus the prior quarter GAAP gross margin of 25.4%, up 170 basis points versus the prior quarter Non-GAAP gross margin of 27.8%, up 320 basis points versus the prior quarter GAAP EPS of $0.10 versus $0.40 in the prior quarter Non-GAAP EPS of... More