NASDAQ$PENG
Penguin Solutions Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported financial results with revenue and gross profit growth, and a strong increase in non-GAAP earnings per share.
SMART Global Holdings reported a 19.4% increase in net sales compared to the year-ago quarter, reaching $281.3 million. GAAP net income was $0.8 million, or $0.03 per share, while non-GAAP net income was $17.1 million, or $0.70 per share. Adjusted EBITDA was $25.4 million, 32.5% higher than the year-ago quarter.
- Net sales increased by 19.4% year-over-year to $281.3 million.
- GAAP net income was $0.8 million, or $0.03 per share.
- Non-GAAP net income was $17.1 million, or $0.70 per share.
- Adjusted EBITDA increased by 32.5% year-over-year to $25.4 million.
Headline financials
Revenue & EPS history
Penguin Solutions · Revenue · Quarterly
$281M
Forward guidance
For the fourth quarter of fiscal 2020, SMART Global Holdings expects net sales between $290 to $310 million, GAAP and Non-GAAP gross margin between 20% to 22%, GAAP diluted EPS of $0.34 ± $0.08, and Non-GAAP diluted EPS of $0.78 ± $0.08.
Tailwinds
- Net Sales: $290 to $310 million
- Gross Margin (GAAP / Non-GAAP): 20% to 22%
- Diluted EPS (GAAP): $0.34 ± $0.08
- Diluted EPS (Non-GAAP): $0.78 ± $0.08
- Expected diluted share count: 24.5 million
Headwinds
- Share-based compensation per share: $0.21
- Intangible amortization per share: $0.15
- Convertible debt discount OID and fees per share: $0.08
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2020
-0.8%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+0.9%
Avg return
30 days after
55%
23 / 42 earnings
Positive
+24.8%
Q4 2017
Best reaction
-45.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +13.2% | +27.3% | — | |
| Q1 2026 | -13.8% | -10.0% | -12.9% | |
| Q4 2025 | -15.8% | -17.3% | -19.7% | |
| Q3 2025 | +0.6% | -1.1% | -2.1% | |
| Q2 2025 | -10.6% | -19.5% | -3.3% | |
| Q1 2025 | +4.0% | -2.8% | +4.7% | |
| Q4 2024 | -25.1% | -24.7% | -17.8% | |
| Q3 2024 | +22.4% | +20.6% | -19.2% | |
| Q2 2024 | -23.9% | -24.4% | -28.2% | |
| Q1 2024 | +11.7% | +17.4% | +20.6% | |
| Q4 2023 | -45.9% | -38.8% | -36.1% | |
| Q3 2023 | +10.3% | +6.8% | +0.8% | |
| Q2 2023 | +3.6% | -1.8% | -4.9% | |
| Q1 2023 | +5.8% | +5.0% | +26.1% | |
| Q4 2022 | -1.1% | -11.2% | -12.9% | |
| Q3 2022 | -20.0% | -20.8% | -4.1% | |
| Q2 2022 | -0.9% | -7.6% | -2.7% | |
| Q1 2022 | -15.7% | -11.5% | -25.7% | |
| Q4 2021 | +19.0% | +23.1% | +38.1% | |
| Q3 2021 | +16.5% | +6.0% | +2.2% | |
| Q2 2021 | +10.3% | +13.0% | -4.2% | |
| Q1 2021 | +1.6% | -1.6% | +4.4% | |
| Q4 2020 | -8.9% | -10.8% | -3.5% | |
| Q3 2020 | -0.3% | +0.7% | +0.1% | |
| Q2 2020 | +2.4% | +8.3% | +5.6% | |
| Q1 2020 | +2.4% | +8.1% | -1.0% | |
| Q4 2019 | +9.7% | +9.3% | +22.1% | |
| Q3 2019 | +9.9% | +15.6% | +53.6% | |
| Q2 2019 | -17.2% | -12.9% | -6.6% | |
| Q1 2019 | -24.5% | -22.3% | -12.4% | |
| Q4 2018 | +18.0% | -2.4% | +7.2% | |
| Q3 2018 | -13.5% | -21.4% | -21.2% | |
| Q2 2017 | +4.4% | +16.1% | -10.8% | |
| Q2 2018 | +4.4% | +16.1% | -10.8% | |
| Q1 2017 | +8.1% | +6.1% | +22.8% | |
| Q1 2018 | +8.1% | +6.1% | +22.8% | |
| Q1 2016 | -13.3% | -8.7% | -15.0% | |
| Q4 2017 | +24.8% | +39.2% | +41.7% | |
| Q4 2016 | -1.6% | -4.5% | +11.9% | |
| Q3 2016 | -1.6% | -4.5% | +11.9% | |
| Q2 2016 | -1.6% | -4.5% | +11.9% | |
| Q3 2017 | +9.3% | +4.4% | +2.3% | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2013 | — | — | — |
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