SGH (SMART Global) reports record FY22 revenue $1.82B (+21% YoY); Q4 net sales down 6% YoY

Penguin Solutions, Inc.

2022-FY EPS reported $1.22 revenue$1,819,352,000

Full year FY22 net sales $1.819B, up 21% YoY; GAAP EPS $1.22, non-GAAP EPS $3.62.
Q4 FY22 net sales $437.7M, down 6% YoY; GAAP EPS $0.40, non-GAAP EPS $0.80.
GAAP gross margin FY22 24.9% (+440 bps); Q4 23.7% (-150 bps). Non-GAAP FY22 25.9% (+370 bps).
Repurchased 2.18M shares for $39.8M in Q4; full year 2.63M shares for $50M.
CEO cites record year and transformation; acquired Stratus Technologies in fiscal 2022.

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