Silicon Graphics International Goes Red
Silicon Graphics International (NAS: SGI) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q2), Silicon Graphics International met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Silicon Graphics International reported revenue of $195.2 million. The four analysts polled by S&P Capital IQ expected a top line of $196.0 million. Sales were 10.0% higher than the prior-year quarter's $177.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.04. The four earnings estimates compiled by S&P Capital IQ predicted $0.26 per share on the same basis. GAAP EPS were -$0.07 for Q2 compared to $0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 26.7%, 280 basis points worse than the prior-year quarter. Operating margin was -1.0%, 610 basis points worse than the prior-year quarter. Net margin was -1.2%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $177.0 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $746.9 million. The average EPS estimate is $0.67.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Graphics International is buy, with an average price target of $20.67.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.