Business Outlook
As of July 9, 2024, SGH is providing the following financial outlook for the fourth quarter of fiscal 2024:
GAAP Outlook | Adjustments | Non-GAAP Outlook | ||
| Net sales | $325 million +/- $25 million | — | $325 million +/- $25 million | |
| Gross margin | 29.5% +/- 1.5% | 2% | (A) | 31.5% +/- 1.5% |
| Operating expenses | $81 million +/- $2 million | ($15) million | (B)(C) | $66 million +/- $2 million |
| Diluted earnings (loss) per share | $0.03 +/- $0.15 | $0.37 | (A)(B)(C)(D) | $0.40 +/- $0.15 |
| Diluted shares | 55.7 million | (1) million | 54.7 million | |
| Non-GAAP adjustments (in millions) | |||
| (A) Share-based compensation and amortization of acquisition-related intangibles included in cost of sales | $ | 8 | |
| (B) Share-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A | 12 | ||
| (C) Other adjustments | 3 | ||
| (D) Estimated income tax effects | (2 | ) | |
| $ | 21 | ||