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.

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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.

SMART Global Holdings NASDAQ: SGH is part of the semiconductor family, a sector that has taken on the spotlight during the past few weeks; the attention to the space was drawn after NVIDIA NASDAQ: NVDA reported optimistic outlooks and bullish results around its artificial intelligence departments.

SMART Global Holdings Momentum, Room To Move Higher?

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q3 2023 Earnings Conference Call June 29, 2023 4:30 PM ET Company Participants Suzanne Schmidt - Investor Relations Mark Adams - Chief Executive Officer Ken Rizvi - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Tom O'Malley - Barclays Sidney Ho - Deutsche Bank Raji Gill - Needham and Co Mark Lipacis - Jefferies Brian Chin - Stifel Operator Good afternoon. Thank you for attending today's SGH Third Quarter Fiscal 2023 Earnings Call.

SMART Global Holdings, Inc. (SGH) Q3 2023 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.87 per share a year ago.

SMART Global Holdings, Inc. (SGH) Q3 Earnings and Revenues Surpass Estimates

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AI--SGH today announced an expanded role for Dave Laurello who will now lead SGH's IPS business, which includes both Penguin Solutions and Stratus.

Laurello to Lead SGH's IPS Business

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Global Holdings (SGH) today reported financial results for third quarter FY2023 with strong operating results and record cash and equivalents.

SGH Reports Third Quarter Fiscal 2023 Financial Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is SMART Global (SGH) Stock Undervalued Right Now?

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced today that it has officially moved into its new 85,866 sq. ft. headquarters at the Park Point campus in Research Triangle Park, NC.

Cree LED Moves into New Headquarters in Research Triangle Park

The semiconductor company is selling a majority stake in a Brazilian subsidiary. This will be unloaded for approximately $166 million in cash.

Why Smart Global Stock Was Winning This Week

SMART Global Holdings, Inc. is transitioning from memory modules to high-performance computing manufacturing and LED-based products. The spinoff of its struggling Brazil Memory business should improve SMART Global Holdings' financials and balance sheet. Selling 81% of the Brazil business for $166M in cash will reduce SMART Global's net debt.

SMART Global: Spinoff Success And Accelerating Growth (Rating Upgrade)

SMART Global Holdings, Inc. (SGH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

SMART Global Holdings, Inc. (SGH) Moves 8.1% Higher: Will This Strength Last?

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced it has entered into an agreement to sell an 81% interest in SMART Modular Technologies do Brasil aka “SMART Brazil” to Lexar Europe B.V.

SGH to Divest Majority Stake of SMART Modular Brazil

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced that it will host a quarterly financial webcast & conf call for Q3FY23 earnings after market close on June 29 at 1:30 pm PT/4:30 pm ET.

SGH Announces Third Quarter Fiscal 2023 Financial Conference Call

SMART Global Holdings, Inc. (SGH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

SMART Global Holdings, Inc. (SGH) Surges 7.8%: Is This an Indication of Further Gains?

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #BrightStarAwards--Cree LED announced today that three of its latest product releases have been recognized with BrightStar Awards by LEDs Magazine.

Cree LED Recognized with Three 2023 BrightStar Awards from LEDs Magazine

FREMONT, Calif.--(BUSINESS WIRE)---- $SGH #AI--Penguin Solutions announced a new release of its Scyld ClusterWare software platform which provides HPC & AI cluster mgmt and monitoring environment.

Penguin Solutions Announces Major Version Release of its Flagship Scyld ClusterWare Software Platform

NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)---- $SGH #NVMe--SMART Modular introduces its new T6CN family of PCIe NVMe SSD products designed for high-performance datacenter and highly secure, ruggedized SSDs.

SMART Modular Technologies Releases New PCIe NVMe Solid State Drives

MAYNARD, Mass.--(BUSINESS WIRE)--Stratus® Technologies, Inc. (“Stratus”), an SGH (Nasdaq: SGH) company and a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the next generation of its Stratus ftServer® fault tolerant computing platforms. Offering up to 25% greater performance, Stratus' latest generation platforms deliver more CPU cores, increased processor power, and expanded networking connectivity.

Stratus Introduces its Most Powerful ftServer Platforms for Ensuring Availability of Mission-Critical Applications and Connecting Data from Edge to Core to Cloud

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #HR--SMART Global Holdings (Nasdaq: SGH) today announced the appointment of Michael Wellman as the company's Chief Human Resources Officer.

SGH Strengthens Leadership Team

SGH (NASDAQ: SGH) shares hit bottom late last year, and this is a chance it will reverse course and begin to rally again. The question is when the rally will happen; the answer may be later this year.

SGH Bottomed, But Can It Reverse And Move Higher?

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q2 2023 Earnings Conference Call April 5, 2023 4:30 PM ET Company Participants Mark Adams - Chief Executive Officer Jack Pacheco - Chief Operating Officer Ken Rizvi - Chief Financial Officer Suzanne Schmidt - Investor Relations, SMART Global Conference Call Participants Kevin Cassidy - Rosenblatt Brian Chin - Stifel Sidney Ho - Deutsche Bank Nick Doyle - Needham Operator Good afternoon. Thank you for attending today, the SMART Global Holdings, Second Quarter Fiscal 2023 Earnings Call.

SMART Global Holdings, Inc. (SGH) Q2 2023 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) delivered earnings and revenue surprises of 26.67% and 1.34%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

SMART Global Holdings, Inc. (SGH) Beats Q2 Earnings Estimates

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings (Nasdaq: SGH) reported financial results for the second quarter of FY2023 highlighted by strong non-GAAP gross margin of 28.9%.

SGH Reports Second Quarter Fiscal 2023 Financial Results

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced today the release of its J Series 5050C E Class LEDs with the industry's highest efficacy for high power LEDs: 228 lumens per watt.

Cree LED Delivers Industry-Leading High-Power LED Efficacy with New J Series 5050C E Class LEDs

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced it will host its quarterly financial conference call & webcast for Q2 FY2023 earnings after market close on April 4 at 4:30 p.m. (EDT).

SGH Announces Second Quarter Fiscal 2023 Financial Conference Call

SMART Global has a legacy side of the business, its memory solution business. This isn't growing much. And is somewhat less interesting. What is very interesting is SGH's AI opportunity within its IPS segment.

News for SMART Global Hlds Stock (SGH)