MILPITAS, Calif. — SMART Global Holdings, Inc. (“SGH” or the “Company”) reported financial results for the fourth quarter and full year fiscal 2021.
Fourth Quarter Fiscal 2021 Financial Highlights
- Net sales of $467.7 million, up 57% from the year ago quarter
- GAAP gross margin of 25.2%, up 620 basis points versus the year ago quarter
- Non-GAAP gross margin of 26.4%, up 690 basis points versus the year ago quarter
- GAAP EPS of $0.78, up 160% versus the year ago quarter
- Non-GAAP EPS of $2.16, up 163% versus the year ago quarter
Fiscal 2021 Highlights
- Net sales of $1.5 billion, up 34% versus the prior year
- GAAP gross margin of 20.5%, up 120 basis points versus the prior year
- Non-GAAP gross margin of 22.2%, up 240 basis points versus the prior year
- GAAP EPS of $0.83 compared with ($0.05) in the prior year
- Non-GAAP EPS of $5.22, up 102% versus the prior year
“Fiscal 2021 has been a transformative year for SGH. We are proud of the team’s many accomplishments across each of our lines of business, Intelligent Platform Solutions, Memory Solutions, and LED solutions,” commented SGH CEO Mark Adams. “As we enter fiscal 2022, we believe we have the right platform to continue to execute our growth and diversification strategy while increasing value for our stakeholders.”
2022 Annual Meeting of Shareholders
SGH will hold its Annual Meeting of Shareholders on February 11, 2022 at 10:00 a.m. Pacific Time.
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