SMART Global Holdings, Inc. (SGH) Tops Q2 EPS by 16c, Offers Guidance
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SGH Reports Second Quarter Fiscal 2023 Financial Results
April 4, 2023 4:05 PM EDTRecord IPS revenue of $222 million
MILPITAS, Calif.--(BUSINESS WIRE)-- SMART Global Holdings, Inc. (SGH or the Company) (NASDAQ: SGH) today reported financial results for the second quarter of fiscal 2023.
Second Quarter Fiscal 2023 Highlights
Net sales of $429 million, down 4.5% versus the year-ago quarter GAAP gross margin of 25.7%, up 60 basis points versus the year-ago quarter Non-GAAP gross margin of 28.9%, up 290 basis points versus the year-ago quarter GAAP EPS of $(0.55) versus $0.04 in the year-ago quarter Non-GAAP EPS of $0.76 versus $0.87 in the year-ago... More