![]() Forward-looking statements often use words such as “anticipate,” “target,” “expect,” “estimate,” “intend,” “plan,” “goal,” “believe,” “could,” and other words of similar meaning. These statements can be identified by the fact that they do not relate strictly to historical or current facts. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to, statements concerning or regarding future events and the future financial performance of SGH (including the business and financial outlook for the next fiscal quarter), SGH’s investment in its business and growth drivers in SGH’s industries and markets. The earnings presentation and a live webcast of the conference call can be accessed from the Company’s investor relations website ( ) where they will remain available for approximately one year. or +1-92 from international locations, using the access code 849109. Interested parties may access the call by dialing +1-83 in the U.S. ![]() SGH will hold a conference call and webcast to discuss the second quarter of fiscal 2023 results and related matters today, April 4, 2023, at 1:30 p.m. Second Quarter Fiscal 2023 Earnings Conference Call and Webcast Details (B) Share-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A (A) Share-based compensation and amortization of acquisition-related intangibles included in cost of sales Further information regarding the Company’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures is included within this press release.Īs of April 4, 2023, SGH is providing the following financial outlook for its third quarter of fiscal 2023: Non-GAAP represents GAAP excluding the impact of certain activities. Generally Accepted Accounting Principles. “We remain disciplined in managing our expenses given the continued challenging economic environment, while maintaining strategic investments to capitalize on the tailwinds of AI, machine learning, data analytics, networking and specialty lighting, which we believe will drive long-term growth for SGH and create value for our shareholders,” concluded Adams. ![]() We exited Q2 with a strong balance sheet, including $376 million in cash and cash equivalents,” commented CEO Mark Adams. “Our second quarter fiscal 2023 results demonstrate the resilience of our business, highlighted by strong non-GAAP gross margin of 28.9% and non-GAAP EPS of $0.76, which was above the high end of our guidance range. Non-GAAP EPS of $0.76 versus $0.87 in the year-ago quarterĬash and cash equivalents of $376 million GAAP EPS of $(0.55) versus $0.04 in the year-ago quarter Non-GAAP gross margin of 28.9%, up 290 basis points versus the year-ago quarter GAAP gross margin of 25.7%, up 60 basis points versus the year-ago quarter Net sales of $429 million, down 4.5% versus the year-ago quarter (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the second quarter of fiscal 2023. ![]()
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