SMART Global Hlds

SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions. The memory Solutions segment provides performance and reliable memory solutions through the design, development, and advanced packaging to extended lifecycle products. The IPS segment consists of specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. The LED Solutions segment offers a broad portfolio of application-optimized LEDs focused on improving on lumen density, intensity, efficacy, optical control and reliability. The company was founded in 1988 and is headquartered in Milpitas, CA.

Earnings data Q2 2021

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Earnings data Q1 2025

SMART Global Holdings reports record Q1 revenues, cautious on consumer demand

SMART Global Holdings (SGH) delivered record revenues and strong performance in IPS, while facing challenges in LED Solutions. The company is cautious about uncertain demand in consumer-facing businesses and is focusing on new product development and recurring services.

SMART Global Holdings reports strong Q2 results, eyes growth opportunities

SMART Global Holdings delivered strong Q2 results with record revenues and gross margins. Challenges in LED Solutions and Memory Solutions were noted. The company remains optimistic about future growth prospects and innovation.

SMART Global Holdings reports strong Q3 performance and eyes AI growth

SGH's Q3 performance reflects strength in IPS sales and strategic focus on high-performance enterprise solutions. While facing challenges in forecasting growth and making IPS business more predictable, the company is optimistic about future revenue opportunities in AI and data analytics. By divesting non-core assets, SGH aims to enhance margins and invest in growth areas.

SMART Global Hlds reports $317M in Q4 sales, eyes enterprise growth

SMART Global Holdings is transitioning to an enterprise solutions provider, focusing on high-performance offerings for AI and data analytics markets. Despite challenges in the IPS and Memory segments, the company remains optimistic about long-term growth opportunities and revenue potential.

SMART Global Holdings reports record Q1 performance and eyes growth opportunities

SMART Global Holdings (SGH) delivered a strong Q1 performance with record margins and revenues, supported by a focus on high-performance enterprise solutions. While facing challenges in certain segments, the company is well-positioned for growth with opportunities in IPS revenue expansion and strategic partnerships.

SMART Global Hlds reports solid Q2 results amidst AI growth

SGH's Q2 performance met expectations, with strong revenue figures and a focus on AI solutions. The company faces challenges from seasonality and potential margin impacts.
However, SGH's strengths in AI adoption, LED innovation, and proactive capital allocation position it well for growth. Opportunities in AI deployment and service revenue growth are on the horizon.
Strategic planning to navigate challenges while capitalizing on opportunities will be crucial for SGH's continued success and expansion in the market.

SMART Global Holdings reports robust Q3 earnings, eyes HPC and AI growth

SMART Global Holdings delivered solid Q3 results with revenue of $300.6 million and a focus on advancing technology solutions in the Penguin and Memory segments.
While facing gross margin pressures in Q4, the company remains optimistic about revenue growth opportunities in IPS and Memory businesses.
Strategic initiatives in HPC and AI, coupled with financial stability and product advancements, position SMART Global for future growth and market leadership.

Penguin Solutions meets fiscal 2024 goals, eyes AI growth

Penguin Solutions delivered solid performance in fiscal 2024, positioning for growth in FY '25.
Strategic focus on AI, software/services expansion, and innovation drive future opportunities.
Challenges include competitive AI landscape, cost management, and adaptability to annual outlooks.
Opportunities lie in sustainable value creation, AI market growth, and strategic partnerships.

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Penguin Solutions, Inc. engages in the design and manufacture of enterprise solutions for the computing, memory, and LED markets. It operates through the following segments: Advanced Computing, Integrated Memory & Optimized LED. The Advanced Computing segment consists of platform solutions and services for high-performance computing, artificial intelligence, machine learning, and modeling for technology research. The Integrated Memory segment provides performance and reliable memory solutions through the design, development, and advanced packaging to extended lifecycle products. The Optimized LED segment offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control, and reliability. The company was founded in 1988 and is headquartered in Milpitas, CA.

SGH NASDAQ: SGH share prices have been on a wild ride for the last two years, moving sharply higher and lower, and are heading higher now. The difference is that transformation efforts are taking hold, and the company is setting up for long-term success.

SGH transformation gains momentum

SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.79 per share a year ago.

SMART Global Holdings, Inc. (SGH) Q1 Earnings Top Estimates

SMART Global Holdings, Inc. (SGH) Q1 2024 Earnings Call Transcript

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings (SGH) today reported financial results for Q1FY2024, and will host a conf call & webcast at 4:30 p.m. ET to discuss Q1 results.

SGH Reports First Quarter Fiscal 2024 Financial Results

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The 2023 stock-market rally has been led by the “Magnificent Seven” companies, which have driven an accelerating upward trend for the large-cap benchmark S&P 500. Shares of smaller and medium-sized companies have also rallied, but not as much:

20 favorite small-cap stocks for 2024 among Wall Street analysts

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH today announced that it will host its quarterly financial webcast and conf call for Q1FY2024 earnings on Tues, Jan 9 at 1:30 p.m. PT/4:30 p.m. ET.

SGH Announces First Quarter Fiscal 2024 Financial Conference Call

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH announced that through its wholly-owned subsidiary SMART Modular, completed its previously announced sale of 81% of “SMART Brazil” to Lexar Europe.

SGH Completes Sale of Majority Stake of SMART Brazil

MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, an SGH (Nasdaq: SGH) company and a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced its participation at Rockwell Automation's Automation Fair® on November 6-9, 2023 in Boston, Mass. Stratus will demonstrate its family of proven edge computing platforms for running mission-critical Rockwell Automation applications without downtime or data loss. During the event, the company will also demonstra.

Stratus Showcases Proven Edge Computing Platforms at Automation Fair 2023

MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, Inc. (“Stratus”), an SGH (Nasdaq: SGH) company and a global leader in simple, protected, and autonomous Edge Computing platforms, today announced the launch of its Stratus ztC Endurance™ platform, a new family of fault-tolerant computing platforms for next-generation sustainable operations. The platform introduces intelligent, predictive fault tolerance that delivers seven nines (99.99999%) availability, and performance gains through latest.

Stratus Unveils Evolutionary Fault Tolerance with ztC Endurance Family of Intelligent, Predictive Computing Platforms

Smart Global fell far short of revenue and earnings expectations with its latest quarter. The company cited "a challenging global economic environment" while selling an 81% interest in its Smart Brazil operations.

Why Smart Global Holdings Stock Plunged Today

The company posts fiscal fourth-quarter net sales $316.7 million, well below analysts' estimates of $375 million.

Smart Global Stock Sinks 45% After Revenue Miss. These Analysts Still Say Buy.

In the world of semiconductor stocks, all the hype and excitement from 'smart' money as well as retail seems to be headed toward the big names, you know, the usual suspects: firms like Taiwan Semiconductor Manufacturing NYSE: TSM and Intel NASDAQ: INTC or even NVIDIA NASDAQ: NVDA.

SMART Global Holdings Now Positioned for Upside

SMART Global Holdings Inc (NASDAQ:SGH) shares toppled in Friday pre-market trading after the company reported a worse-than-expected decline in fourth-quarter revenue and earnings. The computing and memory card company said net sales for the quarter declined by 12.6% to $316.7 million, missing the $375 million consensus estimate of Wall Street analysts.

Smart Global shares topple on weaker-than-expected 4Q report

Dollar General

Markets reversed course midday Thursday to close lower. Dollar General stock jumped after the closing bell on news of a CEO change.

The 2 Stocks Everyone's Watching Thursday Night

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q4 2023 Earnings Conference Call October 12, 2023 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - CEO Ken Rizvi - CFO Jack Pacheco - COO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Sidney Ho - Deutsche Bank Brian Chin - Stifel Tom O'Malley - Barclay Quinn Bolton - Needham Operator Welcome to the SMART Global Holdings Fourth Quarter and Full Year Fiscal 2023 Earnings Call. My name is Victoria and I'll be your moderator today.

SMART Global Holdings, Inc. (SGH) Q4 2023 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.80 per share a year ago.

SMART Global Holdings, Inc. (SGH) Lags Q4 Earnings and Revenue Estimates

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings, Inc. (SGH) today reported financial results for Q4 and full year fiscal 2023; net sales of $1.44B, up 3.3% vs fiscal year 2022.

SGH Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results

SMART Global Holdings' (SGH) fourth-quarter fiscal 2023 results are likely to reflect strength in Intelligent Platform Solutions.

What's in the Offing for SMART Global (SGH) in Q4 Earnings?

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ESG--SGH today released the SGH 2022 ESG Report, the third annual record of SGH's progress toward its environmental, social, and governance (ESG) goals.

SGH Releases 2022 Environmental, Social and Governance Report

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced that it will host its quarterly financial webcast and call for Q4FY2023 earnings after market close on Thurs, Oct 12, 2023 at 4:30 pm ET.

SGH Announces Fourth Quarter Fiscal 2023 Financial Conference Call

SGH has been the beneficiary of investor interest in AI plays, which has overshadowed some aspects that deserved more attention. The market is focused on growth due to AI, but it's possible SGH may not benefit as much from AI for several reasons. The charts suggest the stock is priming itself for a big move due to the convergence of trendlines, something the options market is prepping for.

SMART Global Holdings: It Is Time To Strap Yourself In

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #BoD--SGH (SMART Global Holdings) today announced the appointment of Mary G. Puma, most recently president and CEO of Axcelis, to SGH's board of directors.

SGH Appoints Mary G. Puma as Independent Member of Board of Directors

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED today unveiled the 4th gen of its industry-leading XLamp XP-G product family featuring the latest advancements in high-power LED technology.

Cree LED Announces Fourth Gen XLamp XP-G Product Family

NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)---- $SGH #AdvancedMemory--SMART Modular announces that Open Compute Project (OCP) has accepted SMART's DC4800 data center solid state drives (SSDs) as an OCP Inspired product.

SMART Modular Technologies' Data Center SSDs Designated as OCP Inspired™ by the Open Compute Project

Smart Global Holdings beat on both the top and bottom lines last night, but still lost money. Q4 guidance calls for a small profit, but also envisions the potential for a loss.

News for SMART Global Hlds Stock (SGH)