Semiconductor maker SMART Global Holdings (NASDAQ:SGH) will be reporting results tomorrow after the bell. Here’s what to look for.

SMART met analysts’ revenue expectations last quarter, reporting revenues of $300.6 million, down 12.7% year on year. It was a mixed quarter for the company, with a significant improvement in its gross margin but underwhelming revenue guidance for the next quarter.

Is SMART a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting SMART’s revenue to grow 2.6% year on year to $325 million, a reversal from the 12.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at SMART’s peers in the semiconductors segment, only Micron Technology has reported results so far. It beat analysts’ revenue estimates by 1.4%, delivering year-on-year sales growth of 93.3%. The stock traded up 14.6% on the results.

Read our full analysis of Micron Technology’s earnings results here.

There has been positive sentiment among investors in the semiconductors segment, with share prices up 6.7% on average over the last month. SMART is up 10% during the same time and is heading into earnings with an average analyst price target of $32.25 (compared to the current share price of $21.24).

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