Zinger Key Points
- Smart Global reports quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 25 cents by 8%.
- Quarterly sales come in at $284.8 million which beat the analyst consensus estimate of $283.792 million.
Smart Global Holdings, Inc. SGH reported its second-quarter financial results after the bell Tuesday. Here's a look at the details.
The Details: The company reported quarterly earnings of 27 cents per share, beating the analyst consensus estimate of 25 cents by 8%.
Quarterly sales came in at $284.8 million, beating the analyst consensus estimate of $283.792 million, yet representing a 33.64% decrease from sales of $429.174 million from the same period last year.
Smart Global reported Non-GAAP gross margin of 31.5%, versus 33.3% in the prior quarter.
“The second quarter marked a period of continued progress towards our transformation into a high-value enterprise solutions company,” said Smart Global CEO Mark Adams.
“Leveraging our deep-rooted expertise in high-performance computing and specialty memory solutions, we are uniquely positioned to help our valued customers address the rapid adoption of AI,” added Adams.
Outlook: Smart Global saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate. The company expects third-quarter revenue of $300 million, plus or minus $25 million, versus the $307.864 million estimate.
Related News: What’s Going On With Chinese EV Stocks Nio And XPeng?
SGH Price Action: According to Benzinga Pro, Smart Global Holdings shares are down 11.57% after-hours at $22.92 at the time of publication Tuesday.
Photo: Pete Linforth from Pixabay
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
