SMART Modular Technologies Inc. (SMOD) reported that its fourth-quarter GAAP net loss was $0.3 million or $0.00 per share compared to a net loss of $3.5 million or $0.06 per share last year. Non-GAAP net income was $3.1 million or $0.05 per share compared to $3.4 million or $0.05 per share last year. On average, 5 analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter.
Net sales were $99.8 million compared to $160.7 million last year. Analysts expected sales of $96.78 million for the quarter.
Fiscal 2009 GAAP net loss was $11.4 million or $0.18 per share compared to net income of $9.0 million or $0.14 per share a year ago. Fiscal 2009 non-GAAP net income was $11.0 million or $0.17 per share compared to $35.2 million or $0.55 per share a year ago.
Net sales were $441.3 million compared to $670.2 million a year ago.
The company expects first-quarter net sales to be in the range of $98 million-$105 million, per share results to be in the range of loss of $0.01 to profit of $0.01 on a GAAP basis. On a non-GAAP basis, the company expects net income per share to be in the range of $0.02-$0.04.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.