SMART Global Holdings Reports First Quarter Fiscal 2021 Financial Results
SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today reported financial results for the first quarter fiscal 2021 ended November 27, 2020.
First Quarter Fiscal 2021 Highlights:
-
Net sales of
$291.7 million ,7.2% higher than the year ago quarter. -
GAAP net income of
$2.0 million , or$0.08 per share, compared with$0.2 million or$0.01 per share in the year ago quarter. -
Non-GAAP net income of
$19.6 million or$0.78 per share,46.4% and41.8% higher than the year ago quarter, respectively. -
Adjusted EBITDA of
$29.5 million ,25.4% higher than the year ago quarter.
“I am proud of the results our team delivered in the first quarter of fiscal 2021 during these challenging times. Total revenue grew by
“With our continuing focus on delivering differentiated solutions to our valued customers and driving operational excellence across each of our businesses, we remain optimistic about the future and our ability to deliver strong returns for our shareholders,” concluded Mr. Adams.
| Quarterly Financial Results | GAAP (1) |
|
Non-GAAP (2) |
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| (In millions, except per share amounts) | Q1 FY21 |
Q4 FY20 |
Q1 FY20 |
Q1 FY21 |
Q4 FY20 |
Q1 FY20 |
|||||||||||||
| Net sales | $ |
291.7 |
$ |
297.0 |
$ |
272.0 |
$ |
291.7 |
SMART Global Holdings, Inc. Ordinary Shares
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Semiconductors
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United States
NEWARK
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