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.

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #FinancialWebcast--SGH today announced its quarterly financial webcast & conference call for Q3 FY2024 earnings is scheduled for Tues, July 9, at 1:30 pm PT/ 4:30 pm ET.

SGH Announces Third Quarter Fiscal 2024 Financial Conference Call

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IPS--SGH will host an Analyst Day July 16; 10 am - 12:30 pm ET; at the Nasdaq MarketSite in NYC. Advanced registration is required for the in-person event.

SGH to Host Analyst Day on July 16, 2024

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #BrightStarAwards--Cree LED, an SGH company, announced today that four (4) of its latest product releases have been recognized with BrightStar Awards by LEDs Magazine.

Cree LED Recognized with Four 2024 BrightStar Awards from LEDs Magazine

MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #Edge--Stratus announced the release of Stratus Redundant Linux 3.0, its Linux-based OS for ztC Edge & everRun 8.0, Stratus continuous availability software.

Latest Release of Stratus' Linux-Based Fault Tolerance and Virtualization Software Increases Edge Infrastructure Capabilities

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH announced that Ken Rizvi SVP & CFO will depart the company on June 30 to pursue another opportunity. Jack Pacheco, COO will assume as interim CFO.

SGH Announces CFO Transition Plan

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED today announced the new XLamp XFL family of LEDs, designed for maximum performance in flashlights and other portable lighting applications.

Cree LED Redefines Light Output and Optical Performance for Portable Lighting

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AnalystDay--SGH (SMART Global Holdings) today announced that it will host an Analyst Day in New York City on Tuesday, July 16, 2024, at 10 a.m. Eastern Time.

Save the Date: SGH Analyst Day on July 16, 2024

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Modular Technologies announces its new family of Add-In Cards which implements the CXL standard and also supports industry standard DDR5 DIMMs.

SMART Modular Technologies Introduces New Family of CXL Add-in Cards for Memory Expansion in High Performance Servers

SMART Global (SGH) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging -14.25% in 4 Weeks, Here's Why the Trend Might Reverse for SMART Global (SGH)

Weak details or not, the 25% price implosion in SMART Global NASDAQ: SGH share price is an opportune time to buy into this stock. The expectations were high going into the Q2 report, and end-market normalization is still in play, so weakness is not surprising.

SMART Global Gets 25% Discount: Analysts Lift Targets

Computing and memory firm Smart Global posted a mixed second-quarter report. Needham analyst Quinn Bolton increased his price target on shares to $27 from $24.

Smart Global Stock Drops After Sales Miss. One Bull Called the Bottom.

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q2 2024 Earnings Conference Call April 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt - Investor Relation Mark Adams - President and Chief Executive Officer Ken Rizvi - Senior Vice President and Chief Financial Officer Jack Pacheco - Chief Operating Officer and President of Memory Solutions Conference Call Participants Quinn Bolton - Needham & Company Kevin Cassidy - Rosenblatt Securities Denis Pyatchanin - Stifel Operator Good afternoon and thank you for joining the SMART Global Holdings Second Quarter Fiscal 2024 Earnings Call. My name is Kate and I will be the moderator for today's call.

SMART Global Holdings, Inc. (SGH) Q2 2024 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.76 per share a year ago.

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

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Global Holdings (SGH) today reported financial results for Q2 FY2024 with revenue of $285 million; Pete Manca to lead IPS; webcast at 4:30pm ET.

SGH Reports Second Quarter Fiscal 2024 Financial Results

SMART Global Holdings' (SGH) second-quarter fiscal 2024 results are likely to reflect strength in LED Solutions.

What's in the Offing for SMART Global (SGH) in Q2 Earnings?

NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #DDR4--SMART Modular announces its ultra-high reliability memory solution, Zefr ZDIMM memory modules, which are ideally suited for large memory applications.

SMART Modular Technologies Introduces Zefr ZDIMM Memory Modules with Ultra-High Reliability for Demanding Compute Applications

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SGH announced it will host its quarterly financial webcast and conf call for Q2FY2024 earnings after market close on Tues, April 9 at 4:30 p.m. ET.

SGH Announces Second Quarter Fiscal 2024 Financial Conference Call

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The consensus price target hints at a 37.6% upside potential for SMART Global Holdings, Inc. (SGH). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe SMART Global Holdings, Inc. (SGH) Could Rally 37.61%: Here's is How to Trade

SMART Global Holdings, Inc. (SGH) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover SMART Global Holdings, Inc. (SGH) Is a Great Choice for Value Investors

DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED and Current Lighting announced that they entered into a patent license agreement regarding Current's patents related to KSF/PFS red phosphor.

Cree LED and Current Lighting Enter into License Agreement

The consensus price target hints at a 25.2% upside potential for SMART Global Holdings, Inc. (SGH). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does SMART Global Holdings, Inc. (SGH) Have the Potential to Rally 25.15% as Wall Street Analysts Expect?

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SMART Global Holdings, Inc. (SGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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