SMART Global Holdings reports Q3 fiscal 2023 net sales down 17.1% to $383M, GAAP loss per share $0.50

Penguin Solutions, Inc.

2023-Q3 EPS reported -$0.95 revenue$1,277,982,000

Net sales of $383 million, down 17.1% year-over-year; GAAP gross margin improved 100 bps to 25.7%.
Non-GAAP gross margin up 230 bps to 28.0%; Non-GAAP EPS of $0.66 compared to $0.87 in prior year.
GAAP net loss attributable to SGH of $24.5 million, or $0.50 per diluted share; prior year net income $24.1 million.
Record cash and cash equivalents of $401 million at quarter end.
Announced agreement on June 13 to sell an 81% interest in SMART Brazil as part of transformation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Penguin Solutions, Inc. reported third quarter of fiscal 2023 results: revenue $383.3 million, net income $(24.5) million, EPS $(0.50).

Period: third quarter of fiscal 2023
Revenue: $383.3 million
Net income: $(24.5) million
EPS: $(0.50)
Result: reported results

Exact text from the filing

Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the third quarter of fiscal 2023. Third Quarter Fiscal 2023 Highlights • Net sales of $383 million, down 17.1% versus the year-ago quarter • GAAP gross margin of 25.7%, up 100 basis points versus the year-ago quarter • Non-GAAP gross margin of 28.0%, up 230 basis points versus

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-023899

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.