SMART Global Holdings(US:SGH)2022-04-06 09:53Financial Performance - SGH's Q2 FY22 revenue reached $449 million, a 48% increase year-over-year[10,20] - Non-GAAP EPS increased significantly to $0.87, up 98% year-over-year[10,20] - GAAP gross margin was 25%, an increase of approximately 750 basis points year-over-year[10] - Non-GAAP gross margin was 26%, an increase of approximately 660 basis points year-over-year[10,20] - Intelligent Platform Solutions YTD FY22 revenue was $201 million, up 33% compared to the previous year[12] - Memory Solutions Q2 FY22 revenue was $260 million, a 9% increase compared to Q1 FY22 and a 19% increase compared to Q2 FY21[16] - LED Solutions Q2 FY22 revenue was $107 million, with product revenues up approximately 5% compared to the previous year's quarter[14] - Q3 FY22 revenue is projected to be between $435 million and $475 million[33] - Q3 FY22 Non-GAAP diluted EPS is expected to be $0.75 ± $0.08[33] Balance Sheet - Working capital increased from $344.1 million in Q1 FY22 to $385.9 million in Q2 FY22[29] - Cash and equivalents increased from $233.1 million in Q1 FY22 to $365.8 million in Q2 FY22[29] Share Repurchase - SGH announced a $75 million share repurchase authorization[10]