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SMART GLOBAL HOLDINGS NEWS RELEASE SMART Global Holdings Reports Second Quarter Fiscal 2021 Financial Results 4/6/2021 NEWARK , Calif .-- ( BUSINESS WIRE ) -- SMART Global Holdings , Inc. ( " SGH " or the " Company " ) ( Nasdaq : SGH ) , today reported financial results for the second quarter fiscal 2021 ended February 26 , 2021 . Second Quarter Fiscal 2021 Highlights : • Net sales of $ 304.0 million , up 11.8 % compared to the year ago quarter . • • GAAP net income of $ 5.8 million , or $ 0.23 per share , compared to a GAAP net loss of $ 9.7 million or ( $ 0.41 ) per share in the year ago quarter . Non - GAAP net income of $ 21.9 million or $ 0.87 per share , up 71.1 % and 67.3 % , respectively , compared to the year ago quarter . • Adjusted EBITDA of $ 31.0 million , up 38.9 % compared to the year ago quarter . " Our second quarter sales of $ 304 million , which represented an 11.8 percent increase compared to the same quarter of fiscal 2020 , enabled us to achieve non - GAAP earnings per share of $ 0.87 , exceeding the high end of our guidance , " commented Mark Adams , President and CEO . " The Intelligent Platform Solutions business , formerly referred to as Specialty Compute and Storage Solutions , grew sales 30 % quarter over quarter , and when coupled with the newly acquired Cree LED , illustrates the continued progress of a growing and diversified SGH . " Quarterly Financial Results ( In millions , except per share amounts ) Net sales Gross profit Operating income Q2 FY21 $ 304.0 $ $ 53.5 $ $ 12.9 $ GAAP ( 1 ) Q1 FY21 Q2 FY20 291.7 $ 52.6 $ 7.6 $ Q2 FY21 Non - GAAP ( 2 ) Q1 FY21 Q2 FY20 272.0 $ 51.5 $ 8.2 304.0 $ 291 . $ 272.0 59.3 $ 54 . $ 52.9 $ 27.2 $ 23. $ 17.3 1