NASDAQ$PENG

Penguin Solutions Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

SMART Global Holdings reported strong Q4 2020 financial results, with revenue growth driven by Specialty Compute and Storage Solutions and Brazil businesses.

SMART Global Holdings reported Q4 2020 financial results with net sales of $297.0 million, a 6.7% increase year-over-year. GAAP net income was $7.5 million, or $0.30 per share, while non-GAAP net income was $20.4 million, or $0.82 per share. The company's strong balance sheet positions it well for future growth and diversification.

  • Net sales increased by 6.7% year-over-year to $297.0 million.
  • GAAP net income was $7.5 million, or $0.30 per share, representing a 33.8% increase year-over-year.
  • Non-GAAP net income reached $20.4 million, or $0.82 per share, a 72.2% increase year-over-year.
  • Adjusted EBITDA was $33.0 million, 30.6% higher than the year ago quarter.

Headline financials

Total Revenue

$297M

Previous: $278M+6.7%
EPS (adj)

$0.41

Previous: $0.25+64.0%
Capital Expenditures

$15.6M

Previous: $3.32M+368.4%
Free Cash Flow

$9.42M

Previous: $45.6M-79.3%
Net Income

$7.5M

Previous: $5.63M+33.3%
Operating Income

$17.2M

Previous: $11.4M+50.7%
Gross Profit

$56.3M

Previous: $52.3M+7.7%
Cash & Equivalents

$151M

Previous: $98.1M+53.7%
Total Assets

$787M

Previous: $704M+11.7%
Stock-Based Comp

$3.21M

Previous: $5.56M-42.4%

Revenue & EPS history

Penguin Solutions · Revenue · Quarterly

$297M

Q4 2020+6.7%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

SMART Global Holdings expects for the first quarter of fiscal 2021 ending November 27, 2020 net Sales of $280 to $300 million, Diluted EPS - GAAP $0.28 ± $0.05 and Diluted EPS - Non-GAAP $0.70 ± $0.05.

Tailwinds

  • Net Sales $280 to $300 million
  • Gross Margin - GAAP / Non-GAAP 18% to 19%
  • Diluted EPS - GAAP $0.28 ± $0.05
  • Diluted EPS - Non-GAAP $0.70 ± $0.05
  • Expected diluted share count 25.0 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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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