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.

Penguin Solutions Inc

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--SGH announced the completion of its brand transition from SMART Global Holdings, Inc. to Penguin Solutions, Inc., an infrastructure solution provider.

SGH Becomes Penguin Solutions

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced that Santiago de Querétaro, Mexico has replaced all of its historic downtown area sodium-based lamps with new high-efficiency LEDs.

Cree LED Partners with IDC Componentes and Ilumiled to Brighten Downtown Querétaro Mexico

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #EarningsWebcast--SGH announced that it will host its financial webcast and conf call for Q4 and full FY2024 earnings after market close on Tues, Oct 15 at 4:30 pm ET.

SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #FlashMemory--SMART Modular announces a proprietary technology to mitigate the adverse impact of single event upsets in high-reliability flash-memory based systems.

SMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote Applications

MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #DataCenter--Stratus today announced expanded capabilities for its ftServer family of computing platforms that now have KVM support for Red Hat Enterprise Linux.

Stratus Releases Linux-based Virtualization for ftServer Platforms

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Modular launched a new line of DDR5 Registered DIMMs (RDIMMs) with conformal coating specifically designed for use in liquid immersion servers.

SMART Modular Technologies Introduces DDR5 RDIMMs with Conformal Coating for Liquid Immersion Servers

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ConvertibleNotes--SGH announced pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 to be offered and sold to qualified buyers.

SMART Global Holdings Announces Pricing of Upsized Private Offering of $175.0 Million Convertible Notes

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced the launch of its higher performance XLamp XE-G LEDs that deliver +20% efficiency via higher light output & lower forward voltage.

Cree LED Delivers 20% Efficiency Increase for XLamp XE-G LEDs

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ConvertibleNotes--SGH today announced that it intends to offer $150.0 million in aggregate principal amount of convertible senior notes due 2030 to qualified buyers.

SMART Global Holdings Announces Proposed Private Offering of Convertible Notes

MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #Edge--Stratus announced new capabilities for Stratus ztC Endurance platform which delivers hi-rel connectivity to critical production data stored in SANs.

Stratus ztC Endurance Fault-Tolerant Platform Extends Connectivity to Enterprise Data Center

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NEW YORK--(BUSINESS WIRE)---- $SGH #AI--SMART Global Holdings (SGH) today announced its intention to become Penguin Solutions, Inc., reflecting its expertise in AI infrastructure solutions.

SGH to Become Penguin Solutions

NEW YORK--(BUSINESS WIRE)---- $SGH #AI--Today SGH announced that SK Telecom, an affiliate of SK Group, is making a $200 million preferred equity investment in SGH to enhance its AI offerings.

SGH Announces $200 Million Strategic Investment from SK Telecom to Advance End-to-End AI Infrastructure Solutions

FREMONT, Calif.--(BUSINESS WIRE)-- #AI--Penguin Solutions has been selected by Voltage Park to provide core prof and managed services and software for its large-scale NVIDIA-based clusters.

Penguin Solutions Selected as the Managed Services Partner for Voltage Park's NVIDIA Clusters

Smart Global delivered a promising fiscal Q3 on July 9. Even though sales for the quarter came in slightly lower than anticipated, earnings beat expectations.

Why Smart Global Stock Skyrocketed Today

SMART Global Holdings' NASDAQ: SGH repositioning efforts have set it up to achieve record-high share prices soon. The company's Q3 results aren't perfect, but include critical details that will support the market over time.

This Tech Stock Can Set a Multiyear High with AI-Powered Growth

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q3 2024 Earnings Conference Call July 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - President & CEP Jack Pacheco - COO & President, Memory Solutions Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nicolas Doyle - Needham Operator Good afternoon. Thank you for attending today's SGH Third Quarter Final 2024 Earnings Call.

SMART Global Holdings, Inc. (SGH) Q3 2024 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.66 per share a year ago.

SMART Global Holdings, Inc. (SGH) Surpasses Q3 Earnings and Revenue Estimates

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings (SGH) today reported financial results for Q3FY2024; sequential revenue growth drives GAAP EPS of $0.10, non-GAAP EPS of $0.37.

SGH Reports Third Quarter Fiscal 2024 Financial Results

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SMART Global Holdings, Inc. SGH is scheduled to release its third quarter financial results, after the closing bell on Tuesday, July 9.

Top Wall Street Forecasters Revamp SMART Global Expectations Ahead Of Q3 Earnings

SMART Global's (SGH) third-quarter fiscal 2024 results are likely to reflect strength across Penguin solutions amid macro headwinds.

Assessing SMART Global (SGH) Stock Ahead of Its Q3 Earnings

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH today announced the grant of inducement awards to its new SVP & CFO, Nate Olmstead, per his commencement of employment with SGH on June 26, 2024.

SGH Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH announced that Nate Olmstead has joined the company today as SVP & CFO to lead its worldwide finance org. Olmstead reports to SGH CEO Mark Adams.

SGH Appoints Nate Olmstead as SVP and Chief Financial Officer

FREMONT, Calif.--(BUSINESS WIRE)-- #AI--Penguin announced expansion of OriginAI solution to include validated pre-defined AI architectures backed by cluster management software and services.

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