Silicon Graphics International
The 10-second takeaway
For the quarter ended Sep. 28 (Q1), Silicon Graphics International beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share grew.
Margins shrank across the board.
Silicon Graphics International reported revenue of $192.9 million. The three analysts polled by S&P Capital IQ expected revenue of $184.1 million on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $178.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.10. The three earnings estimates compiled by S&P Capital IQ predicted -$0.19 per share. GAAP EPS were -$0.27 for Q1 versus -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.9%, 750 basis points worse than the prior-year quarter. Operating margin was -2.9%, 170 basis points worse than the prior-year quarter. Net margin was -4.5%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $197.2 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $786.9 million. The average EPS estimate is $0.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Graphics International is outperform, with an average price target of $13.00.
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