SMART Global Holdings Inc.
NASDAQ:SGH
Income Statement
Earnings Waterfall
SMART Global Holdings Inc.
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-753.7m
USD
|
Gross Profit
|
352m
USD
|
Operating Expenses
|
-350.9m
USD
|
Operating Income
|
1.1m
USD
|
Other Expenses
|
-199.9m
USD
|
Net Income
|
-198.8m
USD
|
Income Statement
SMART Global Holdings Inc.
Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Mar-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Feb-2021 | May-2021 | Aug-2021 | Nov-2021 | Feb-2022 | May-2022 | Aug-2022 | Nov-2022 | Feb-2023 | May-2023 | Aug-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||
Revenue |
722
N/A
|
733
+1%
|
732
0%
|
697
-5%
|
644
-8%
|
580
-10%
|
529
-9%
|
521
-2%
|
534
+3%
|
572
+7%
|
627
+10%
|
685
+9%
|
761
+11%
|
867
+14%
|
1 009
+16%
|
1 138
+13%
|
1 289
+13%
|
1 417
+10%
|
1 408
-1%
|
1 308
-7%
|
1 212
-7%
|
1 090
-10%
|
1 058
-3%
|
1 104
+4%
|
1 122
+2%
|
1 142
+2%
|
1 174
+3%
|
1 330
+13%
|
1 056
-21%
|
1 234
+17%
|
1 379
+12%
|
1 404
+2%
|
1 396
-1%
|
1 391
0%
|
1 371
-1%
|
1 292
-6%
|
1 441
+12%
|
1 250
-13%
|
1 106
-12%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(558)
|
(576)
|
(581)
|
(554)
|
(512)
|
(464)
|
(428)
|
(422)
|
(428)
|
(459)
|
(500)
|
(540)
|
(599)
|
(677)
|
(783)
|
(881)
|
(997)
|
(1 098)
|
(1 104)
|
(1 040)
|
(975)
|
(883)
|
(857)
|
(891)
|
(906)
|
(927)
|
(958)
|
(1 084)
|
(818)
|
(926)
|
(1 012)
|
(1 007)
|
(1 005)
|
(1 004)
|
(987)
|
(923)
|
(1 026)
|
(870)
|
(754)
|
|
Gross Profit |
164
N/A
|
157
-4%
|
151
-4%
|
144
-5%
|
131
-8%
|
117
-11%
|
101
-13%
|
99
-3%
|
107
+8%
|
113
+6%
|
127
+12%
|
144
+13%
|
162
+13%
|
190
+17%
|
226
+19%
|
257
+14%
|
292
+14%
|
319
+9%
|
303
-5%
|
268
-12%
|
238
-11%
|
207
-13%
|
201
-3%
|
212
+6%
|
216
+2%
|
215
-1%
|
217
+1%
|
247
+14%
|
238
-4%
|
308
+29%
|
367
+19%
|
397
+8%
|
391
-1%
|
387
-1%
|
385
-1%
|
369
-4%
|
415
+12%
|
380
-8%
|
352
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(158)
|
(157)
|
(151)
|
(146)
|
(137)
|
(125)
|
(115)
|
(107)
|
(100)
|
(101)
|
(105)
|
(106)
|
(108)
|
(108)
|
(109)
|
(111)
|
(124)
|
(132)
|
(139)
|
(145)
|
(151)
|
(160)
|
(171)
|
(180)
|
(172)
|
(178)
|
(169)
|
(197)
|
(250)
|
(296)
|
(352)
|
(349)
|
(324)
|
(331)
|
(331)
|
(359)
|
(380)
|
(365)
|
(351)
|
|
Selling, General & Administrative |
(71)
|
(72)
|
(73)
|
(72)
|
(69)
|
(64)
|
(58)
|
(57)
|
(53)
|
(54)
|
(57)
|
(60)
|
(63)
|
(65)
|
(66)
|
(69)
|
(79)
|
(87)
|
(93)
|
(97)
|
(98)
|
(105)
|
(108)
|
(112)
|
(109)
|
(113)
|
(116)
|
(128)
|
(158)
|
(161)
|
(185)
|
(204)
|
(205)
|
(218)
|
(228)
|
(240)
|
(261)
|
(252)
|
(250)
|
|
Research & Development |
(36)
|
(37)
|
(36)
|
(37)
|
(38)
|
(36)
|
(35)
|
(33)
|
(33)
|
(34)
|
(35)
|
(34)
|
(33)
|
(33)
|
(34)
|
(36)
|
(39)
|
(42)
|
(44)
|
(46)
|
(48)
|
(51)
|
(54)
|
(58)
|
(52)
|
(44)
|
(38)
|
(41)
|
(60)
|
(71)
|
(81)
|
(84)
|
(78)
|
(84)
|
(92)
|
(94)
|
(91)
|
(88)
|
(82)
|
|
Depreciation & Amortization |
(51)
|
(47)
|
(42)
|
(37)
|
(31)
|
(25)
|
(21)
|
(17)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(10)
|
(9)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(7)
|
(9)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
3
|
0
|
0
|
0
|
(10)
|
(3)
|
(16)
|
(32)
|
(65)
|
(86)
|
(61)
|
(41)
|
(28)
|
(10)
|
(25)
|
(29)
|
(25)
|
(19)
|
|
Operating Income |
6
N/A
|
0
-94%
|
1
+25%
|
(2)
N/A
|
(6)
-155%
|
(9)
-52%
|
(14)
-60%
|
(8)
+39%
|
7
N/A
|
13
+74%
|
23
+78%
|
38
+67%
|
54
+44%
|
82
+51%
|
118
+43%
|
146
+24%
|
167
+15%
|
187
+12%
|
164
-12%
|
123
-25%
|
86
-30%
|
47
-45%
|
30
-36%
|
33
+9%
|
45
+37%
|
36
-19%
|
48
+31%
|
50
+5%
|
(13)
N/A
|
11
N/A
|
15
+34%
|
48
+212%
|
67
+41%
|
56
-17%
|
54
-4%
|
10
-82%
|
35
+267%
|
15
-56%
|
1
-93%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(27)
|
(30)
|
(31)
|
(33)
|
(38)
|
(32)
|
(28)
|
(28)
|
(25)
|
(26)
|
(27)
|
(30)
|
(29)
|
(37)
|
(30)
|
(32)
|
(32)
|
(34)
|
(38)
|
(32)
|
(24)
|
(20)
|
(25)
|
(26)
|
(26)
|
(23)
|
(18)
|
(18)
|
(17)
|
(21)
|
(22)
|
(22)
|
(24)
|
(26)
|
(29)
|
(32)
|
(36)
|
(37)
|
(36)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(2)
|
(2)
|
(24)
|
(17)
|
(15)
|
(15)
|
3
|
0
|
0
|
0
|
3
|
0
|
(4)
|
(4)
|
(10)
|
0
|
0
|
(9)
|
(3)
|
0
|
0
|
0
|
(1)
|
(7)
|
(45)
|
(45)
|
(42)
|
(39)
|
(4)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
3
|
3
|
3
|
3
|
(0)
|
|
Total Other Income |
9
|
8
|
6
|
2
|
5
|
(2)
|
(3)
|
1
|
1
|
3
|
3
|
2
|
1
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
0
|
(0)
|
|
Pre-Tax Income |
(11)
N/A
|
(21)
-93%
|
(25)
-16%
|
(33)
-34%
|
(40)
-21%
|
(44)
-9%
|
(47)
-8%
|
(37)
+21%
|
(18)
+53%
|
(10)
+44%
|
(3)
+69%
|
7
N/A
|
2
-72%
|
29
+1 271%
|
72
+151%
|
99
+36%
|
138
+40%
|
152
+11%
|
126
-17%
|
91
-28%
|
66
-27%
|
28
-58%
|
2
-92%
|
3
+43%
|
9
+185%
|
14
+50%
|
30
+109%
|
23
-21%
|
(32)
N/A
|
(9)
+72%
|
(6)
+40%
|
27
N/A
|
43
+59%
|
24
-43%
|
(15)
N/A
|
(62)
-315%
|
(40)
+36%
|
(57)
-46%
|
(40)
+31%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3)
|
(2)
|
(2)
|
(5)
|
(7)
|
(5)
|
(2)
|
(3)
|
(2)
|
(3)
|
(5)
|
(7)
|
(10)
|
(12)
|
(17)
|
(19)
|
(18)
|
(23)
|
(21)
|
(16)
|
(15)
|
(8)
|
(4)
|
(6)
|
(11)
|
(13)
|
(13)
|
(15)
|
(10)
|
(14)
|
(21)
|
(22)
|
(18)
|
(15)
|
(6)
|
(8)
|
49
|
51
|
47
|
|
Income from Continuing Operations |
(14)
|
(23)
|
(26)
|
(38)
|
(47)
|
(49)
|
(49)
|
(40)
|
(20)
|
(12)
|
(8)
|
1
|
(8)
|
17
|
56
|
80
|
120
|
129
|
105
|
75
|
51
|
21
|
(2)
|
(3)
|
(1)
|
1
|
16
|
9
|
(42)
|
(23)
|
(26)
|
5
|
24
|
9
|
(21)
|
(69)
|
10
|
(7)
|
7
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Net Income (Common) |
(14)
N/A
|
(23)
-61%
|
(26)
-13%
|
(38)
-45%
|
(47)
-23%
|
(49)
-5%
|
(49)
-1%
|
(40)
+18%
|
(20)
+50%
|
(12)
+39%
|
(8)
+33%
|
1
N/A
|
(8)
N/A
|
17
N/A
|
56
+237%
|
80
+43%
|
120
+50%
|
129
+8%
|
105
-19%
|
75
-28%
|
51
-32%
|
21
-60%
|
(2)
N/A
|
(3)
-55%
|
(1)
+65%
|
1
N/A
|
16
+2 583%
|
8
-50%
|
21
+163%
|
39
+85%
|
36
-8%
|
67
+87%
|
67
-1%
|
52
-23%
|
22
-58%
|
(27)
N/A
|
(188)
-602%
|
(212)
-13%
|
(199)
+6%
|
|
EPS (Diluted) |
-0.35
N/A
|
-0.57
-63%
|
-0.64
-12%
|
-0.92
-44%
|
-1.12
-22%
|
-1.17
-4%
|
-1.18
-1%
|
-0.96
+19%
|
-0.48
+50%
|
-0.3
+38%
|
-0.21
+30%
|
0.01
N/A
|
-0.25
N/A
|
0.36
N/A
|
1.2
+233%
|
1.7
+42%
|
2.58
+52%
|
2.79
+8%
|
2.26
-19%
|
1.61
-29%
|
1.09
-32%
|
0.43
-61%
|
-0.04
N/A
|
-0.06
-50%
|
-0.02
+67%
|
0.01
N/A
|
0.33
+3 200%
|
0.16
-52%
|
0.43
+169%
|
0.71
+65%
|
0.62
-13%
|
1.22
+97%
|
1.22
N/A
|
1.03
-16%
|
0.44
-57%
|
-0.54
N/A
|
-3.78
-600%
|
-4.07
-8%
|
-3.82
+6%
|