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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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.

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED today announced that they have reached a negotiated settlement related to Tomar's use of LED components that infringe Cree LED patents.

Cree LED and Tomar Electronics Enter Settlement and Limited License Agreement

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced that it will host its quarterly financial conference call & webcast for Q42022 earnings after market close on Tues Oct 4 at 4:30 pm EST.

SGH Announces Fourth Quarter Fiscal 2022 Financial Conference Call

TEMPE, Ariz.--(BUSINESS WIRE)---- $SGH #AI--Penguin Solutions announced the Penguin Edge IFC6720 app-ready platform designed to drive networked video content distribution in edge applications.

New Penguin Edge IFC6720 Platform Enables Innovation for Video Content Distribution

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced that the independent Compensation Committee of the BoD approved the grant of restricted share units related to the Stratus acquisition.

SGH Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) in Connection With Stratus Acquisition

NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)---- $SGH #CXL--SMART Modular announces its new Compute Express Link Memory Module. SMART's new DDR5 XMM CXL modules helps boost server and data center performance.

SMART Modular Technologies Launches its First Compute Express Link Memory Module

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced their new website which features a user-friendly interface & online interactive parametric product search for customers and users.

Cree LED Announces Launch of New Website

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #EdgeComputing--SGH announced the completion of its acquisition of Stratus Technologies, a global leader in simplified, protected, and autonomous computing solutions.

SGH Completes Acquisition of Stratus Technologies

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AMD--SGH announced the appointment of Mark Papermaster, CTO and EVP of technology and engineering at Advanced Micro Devices, to SGH's board of directors.

SGH Appoints Mark Papermaster as Independent Member of Board of Directors

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #DPPM--SMART Modular announces its SMART Zefr Memory, a proprietary process that eliminates more than 90% of memory reliability failures for maximum uptime.

SMART Modular Announces SMART Zefr Memory with Ultra-High Reliability Performance for Demanding Compute Applications

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SMART Global has seen a challenging first half in 2022. Results hold steady, but growth momentum is gone, so is momentum in the shares.

SMART Global Holdings: Adding On The Dip

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SGH (NASDAQ: SGH) has been a smart buy for the last two years or so and now the value is as compelling as it has ever been. The company just released Q3 earnings to beat expectations, announced a major acquisition that should be immediately accretive, and yet shares fell sharply in the pre-opening action.

Now Is The Time To Buy SGH

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q3 2022 Earnings Conference Call June 29, 2022 4:30 PM ET Company Participants Suzanne Schmidt - Head of IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Tom O'Malley - Barclays Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Sidney Ho - Deutsche Bank Raji Gill - Needham & Company Suzanne Schmidt Thank you, operator. Good afternoon, and thank you for joining us on today's earnings conference call and webcast to discuss SGH's third quarter fiscal '22 results and the company's entered into a definitive agreement to acquire Stratus Technology.

SMART Global Holdings, Inc. (SGH) CEO Mark Adams on Q3 2022 Results - Earnings Call Transcript

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #EdgeComputing--SGH to acquire Stratus Technologies, a global leader in computing solutions in the data center and at the Edge, from Siris Capital Group, LLC.

SGH to Acquire Stratus Technologies

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #FinancialResults--SGH - SMART Global Holdings today reported financial results for Q3 fiscal 2022 with net sales of $463 million, up 6% versus the year-ago quarter.

SGH Reports Third Quarter Fiscal 2022 Financial Results

SMART Global's (SGH) fiscal third-quarter results are likely to reflect strength across Memory Solutions and LED Solutions.

What's in the Offing for SMART Global (SGH) in Q3 Earnings?

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #DuraFlash--SMART Modular announces the DuraFlash MP3000 portfolio of PCIe NVMe products, expanding Flash choices for data center, networking, and telecom apps.

SMART Modular Technologies Announces Next Generation of PCIe NVMe SSDs

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED unveils the latest in LED innovations, including its XLamp Element G (XE-G) LEDs, at booth 3007 at LightFair 2022 in Las Vegas this week.

Cree LED Unveils Latest LED Innovations at LightFair 2022 in Las Vegas

SGH is currently sending mixed messages, which could be interpreted by some as bullish or bearish by others. The charts have leaned bearish all year, but the patterns also suggest SGH could be due for a bounce in the near future.

SMART Global Holdings: A Bounce Could Be In Store

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MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #Q3earningsdate--SMART Global Holdings today announced that SGH will host its quarterly financial conference call & webcast for Q3 FY22 earnings on Wed, June 29, 2022.

SGH Announces Third Quarter Fiscal 2022 Financial Conference Call

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced the launch of XLamp Element G LEDs, delivering a new product class with unmatched light output & efficiency for LEDs of this size.

Cree LED Introduces Cutting-edge XLamp® Element G LEDs with the Industry's Broadest Range of Colors

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #CXL--SMART Modular announces that Arthur Sainio and Pekon Gupta will be presenting at the SNIA Persistent Memory+ Computational Storage Summit May 24 & 25.

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