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.

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DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announces the availability of three surface mount diode (SMD) LEDs optimized for large-format, high-resolution video screen applications.

Cree LED's Three New High-Brightness LEDs Improve Large-Format Video Displays

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 that it will demonstrate its Edge Computing platforms and pre-validated control architectures – developed with Rockwell Automation and Schneider Electric – at the 27th annual ARC Industry Leadership Forum in Orlando, Florida, February 6-9.

Stratus to Showcase Edge Computing Platforms and Customer Success at the ARC Industry Leadership Forum

MILPITAS, Calif.--( BUSINESS WIRE )--SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today announced that it has entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders, who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and institutional accredited investors, of its 2.25% convertible senior notes due 2026 (the “Existing Convertible Notes”). Pursuant to the Exchange Agreements, SGH will exchange $150.0 million in aggregate principal amount of the Existing Convertible Notes for (i) $150.0 million in aggregate principal amount of new 2.000% convertible senior notes due 2029 (the “New Convertible Notes”) and (ii) an aggregate of approximately $15.6 million in cash, with such cash payment representing the premium paid for the Existing Convertible Notes in excess of par value and accrued and unpaid interest on the Existing Convertible Notes (collectively, the “Exchange Transactions”). In connection with the Exchange Transactions, SGH also intends to repurchase approximately 325,000 of SGH's outstanding ordinary shares for approximately $5.4 million (the “Ordinary Share Repurchase Transactions”). The Exchange Transactions are expected to settle on or about January 23, 2023, subject to customary closing conditions.

SGH Announces Exchange of $150.0 Million of its Existing 2.25% Convertible Senior Notes due 2026 for 2.000% Convertible Senior Notes due 2029 and Repurchase of Approximately 325,000 of its Ordinary Shares

DURHAM, N.C.--( BUSINESS WIRE )--Cree LED, an SGH company (Nasdaq: SGH), announced today the release of XLamp® Pro9™ LEDs, delivering up to 15% higher efficacy for 90 and 95 color rendering index (CRI) LEDs without sacrificing color rendering quality. With this performance improvement, Pro9 versions of XLamp LEDs provide 90 CRI light quality with the same efficacy as standard 80 CRI LEDs at 2700-4000K CCT. These new LEDs improve the output, efficacy, and size of LED luminaires in commercial applications requiring high quality light.

Cree LED Releases Pro9 LEDs with Breakthrough Efficacy and Reliability

SMART Global's IPS business is growing at nearly 80% YOY and demand remains strong for AI and HPC applications in 2023. The LED business has experienced weakness due to China's Covid lockdowns and reduced global demand.

SMART Global: Get Smart With This Growing Technology Company

SMART Global Holdings, Inc. (NASDAQ:SGH ) Q1 2023 Results Conference Call January 3, 2023 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Raji Gill - Needham & Company Sidney Ho - Deutsche Bank Operator Good afternoon. Thank you for attending the SGH First Quarter Fiscal 2023 Earnings Call.

SMART Global Holdings, Inc. (SGH) Q1 2023 Earnings Call Transcript

SMART Global Holdings, Inc. (SGH) delivered earnings and revenue surprises of 31.67% and 3.44%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

SMART Global Holdings, Inc. (SGH) Q1 Earnings and Revenues Surpass Estimates

MILPITAS, Calif.--( BUSINESS WIRE )--SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the first quarter of fiscal 2023. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.

SGH Reports First Quarter Fiscal 2023 Financial Results

DURHAM, N.C.--( BUSINESS WIRE )--CreeLED, Inc. (“Cree LED”), an SGH company (Nasdaq: SGH), and Star Headlight & Lantern Co., Inc. (“Star”) today announced that they have reached a mutually beneficial settlement related to a patent infringement dispute between the parties. As part of the settlement, Cree LED granted Star a limited license to certain Cree LED patents covering LED components.

Cree LED and Star Headlight & Lantern Company Enter Settlement and Limited License Agreement

MILPITAS, Calif.--( BUSINESS WIRE )--SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its first quarter fiscal year 2023 earnings after market close on Tuesday, January 3, 2023, beginning at 1:30 p.m. Pacific Standard Time (PST) / 4:30 p.m. Eastern Standard Time (EST). Financial results will be issued in a press release prior to the conference call.

SGH Announces First Quarter Fiscal 2023 Financial Conference Call

NEW TAIPEI CITY, Taiwan--( BUSINESS WIRE )--SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives and hybrid storage products, announces that it is now offering a new class of high performance, power efficient, data center solid state disk drives (SSDs) beginning with the DC4800 PCIe Gen 4 family.

SMART Modular Technologies Launches New Family of Data Center Solid State Drives

FREMONT, Calif.--( BUSINESS WIRE )--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, announced today that its Penguin Computing group has acquired all software and intellectual property assets of Colorado Code Craft and welcomed Colorado Code Craft employees to the Penguin Computing team. The company specializes in secure remote work and collaboration software solutions for high-performance and high-fidelity remote visualization, including remote 3D visualization for applications running in the cloud and virtual desktop infrastructure (VDI) for technical computing.

Penguin Computing to Acquire Remote Access Software Assets from Colorado Code Craft

FREMONT, Calif.--( BUSINESS WIRE )--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, today launched Scyld Cloud Central™ control plane, a new cloud-native HPC/AI offering, and announced its partnership with Google Cloud. This new unified solution for on-premises and cloud-based HPC/AI clusters will provide customers with simplified cluster deployment, streamlined user experience, and powerful cost management options.

Penguin Solutions Launches New Cloud-Native HPC/AI Control Plane and Announces Partnership with Google Cloud

DALLAS--( BUSINESS WIRE )--Supercomputing 2022--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, announced today the release of new versions of both Scyld ClusterWare® and Scyld Cloud Workstation™ software. Penguin's Scyld software portfolio helps customers manage their HPC environments and get maximum benefit from their investment.

Penguin Solutions Announces New Release of Scyld Software for HPC Deployment, Cluster Management and Secure Remote User Access

Stratus to Showcase Proven Edge Computing Solutions at Automation Fair

NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)---- $SGH #DDR5--SMART Modular introduces new DDR5 16GB and 32GB VLP ECC UDIMM of blade memory VLP module products designed for 1U blade servers & enclosure systems.

SMART Modular Technologies Expands DuraMemory Portfolio with New DDR5 Very Low Profile ECC UDIMMs

Cree LED Photophyll Select LEDs Are Fully Optimized for Horticulture Applications

Stratus receives 2022 Global Product Leadership Award for edge compute platforms that reduce unplanned downtime and ensures continuous availability of business-critical operations SAN ANTONIO , Nov. 2, 2022 /PRNewswire/ -- Frost & Sullivan recently analyzed the Industrial Internet of Things (IIoT) edge computing solutions industry, and, based on its research results, recognizes Stratus, an SGH company (Nasdaq: SGH), the global leader in simplified, protected, and autonomous computing solutions with the 2022 Global Product Leadership Award. The company delivers high-availability, fault-tolerant computing, enabling companies to securely and remotely run business-critical operations without downtime at the data center and Edge.

Frost & Sullivan Recognizes Stratus for Edge IIoT Product Leadership

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SMART Global Holdings, Inc. (NASDAQ:SGH ) Q4 2022 Earnings Conference Call October 10, 2022 4:30 PM ET Company Participants Suzanne Schmidt - Head of IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Brian Chin - Stifel Tom O'Malley - Barclays Raji Gill - Needham & Company Sidney Ho - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Presentation Operator Good afternoon, everyone. Welcome to the SGH Fourth Quarter Fiscal 2022 Earnings Call.

SMART Global Holdings, Inc. (SGH) Q4 2022 Earnings Conference Call

SMART Global Holdings, Inc. (SGH) delivered earnings and revenue surprises of 23.08% and 0.53%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

SMART Global Holdings, Inc. (SGH) Beats Q4 Earnings Estimates

MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SMART Global Holdings (SGH) today reported financial results for Q4 and full year fiscal 2022, achieving record net sales and record gross margins.

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