NASDAQ$PENG
Penguin Solutions Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Achieved strong operating results and record cash and equivalents.
SMART Global Holdings reported strong Q3 fiscal 2023 results with a non-GAAP gross margin increase to 28.0% and non-GAAP EPS of $0.66. The company ended the quarter with a record $401 million in cash and cash equivalents and announced an agreement to sell an 81% interest in SMART Brazil.
- Net sales were $383 million, a 17.1% decrease compared to the year-ago quarter.
- GAAP gross margin increased by 100 basis points year-over-year to 25.7%.
- Non-GAAP EPS was $0.66, compared to $0.87 in the year-ago quarter.
- The company reported record cash and cash equivalents of $401 million.
Headline financials
Revenue & EPS history
Penguin Solutions · Revenue · Quarterly
$383M
Forward guidance
SGH is providing the following financial outlook for its fourth quarter of fiscal 2023: Net sales $375 million +/- $25 million, Gross margin 26% +/- 1%, Operating expenses $87 million +/- $2 million, Diluted earnings (loss) per share $0.02 +/- $0.15, Diluted shares 54.5 million.
Tailwinds
- Net sales are expected to be $375 million +/- $25 million.
- Gross margin is anticipated to be 26% +/- 1%.
- Operating expenses are projected to be $87 million +/- $2 million.
- Diluted earnings per share are forecasted at $0.02 +/- $0.15.
- Diluted shares are expected to be 54.5 million.
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 2023
-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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