Shares of SGH are up 8.47% or $1.28 per share to $16.40 per share in after-hours trading after reporting Q1 results that beat on the top and bottom lines. "We are pleased with our financial results for the first quarter of fiscal 2023, highlighted by record non-GAAP gross margins of 27.8%, reflecting our focus on higher quality revenue, combined with the hard work of our dedicated employees," commented CEO Mark Adams. "Looking ahead, we expect to continue to strategically invest in our business while managing our operations in a prudent manner as we navigate a challenging economic environment," concluded Adams. SMART Global Holdings Sees Q2revenue $410M-$460M, consensus is 432.22M.
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