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SMART Global Holdings, Inc. (SGH) delivers innovative specialty memory, storage, and hybrid solutions for global technology markets. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases and curated analysis covering product innovations, OEM partnerships, and market expansions. Our repository ensures transparent tracking of SGH's progress in memory module advancements, supply chain developments, and leadership in electronics infrastructure solutions.
Discover updates across key business areas including enterprise computing solutions, industrial applications, and emerging memory technologies. Content is organized for efficient navigation, enabling quick access to earnings announcements, executive insights, and operational milestones.
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SMART Modular Technologies (Nasdaq: PENG) announced that its 4-DIMM and 8-DIMM CXL® (Compute Express Link®) memory Add-in Cards (AICs) have successfully passed CXL 2.0 compliance testing and are now listed on the CXL Consortium's Integrators' List. This achievement validates the company's commitment to delivering interoperable memory solutions and adherence to industry standards.
The CXL Compliance Program enables members to test their products' functionality and interoperability as defined in the CXL specification. According to Andy Mills, vice president of advanced product development, this milestone demonstrates the company's dedication to innovation and providing cutting-edge solutions with enhanced performance and reliability.
Penguin Solutions (PENG) has entered into a strategic collaboration agreement with SK Telecom (SKT) and SK hynix to develop and deliver comprehensive AI data center solutions. This follows SKT's recent $200 million strategic investment in Penguin Solutions.
The collaboration aims to enhance Penguin Solutions' ability to deliver AI infrastructure solutions to new markets, focusing on developing high-performance accelerated computing technologies. The partnership combines Penguin Solutions' OriginAI® and Scyld ClusterWare® software with SKT's AI infrastructure management software to improve AI compute cluster utilization and deployment.
Additionally, SK hynix and SMART Modular Technologies plan to collaborate on developing innovative memory solutions for accelerated compute environments. Penguin Solutions brings over 25 years of experience in HPC, with more than 85,000 GPUs deployed and 2 billion hours of runtime data.
Penguin Solutions (PENG) reported strong Q1 FY2025 financial results, with net sales reaching $341 million, up 24.4% year-over-year. The Advanced Computing segment showed remarkable growth of 49% compared to Q1 FY24.
Key financial metrics include a GAAP gross margin of 28.7% (down 150 basis points) and non-GAAP gross margin of 30.8% (down 250 basis points) versus the year-ago quarter. GAAP diluted EPS improved to $0.10 from $(0.23), while non-GAAP diluted EPS increased to $0.49 from $0.24 year-over-year.
The company provided FY2025 guidance projecting 15% YoY revenue growth (±5%), with expected GAAP diluted EPS of $0.10 (±$0.20) and non-GAAP diluted EPS of $1.50 (±$0.20).
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), has filed a patent infringement lawsuit against ADJ Products, in the United States District Court for the Northern District of California. The lawsuit alleges that ADJ infringed on ten Cree LED patents through the sale of certain display products. Cree LED, with its 35-year history of innovation in LED technology, maintains a broad portfolio of high-performance LED chips and components, backed by extensive U.S. and worldwide patents. As a U.S.-based market leader with significant investments in R&D, quality, and product innovation, the company is taking legal action to protect its intellectual property rights.
Cree LED, a Penguin Solutions brand (PENG), and Daktronics (DAKT) have established a multi-year, global patent license agreement effective December 2024. The agreement grants Daktronics access to Cree LED's patented technology, with exceptions.
Cree LED, with over 35 years of expertise in LED die and packaging technology, maintains a substantial intellectual property portfolio focused on LED display applications. The agreement allows Daktronics, a leader in large-scale LED displays, to utilize these patents without concern for potential patent disputes during the agreement term.
While specific licensing terms remain confidential, the partnership enables Daktronics to confidently deliver state-of-the-art LED display systems to the market.
Penguin Solutions (PENG) has completed a strategic investment from SK Telecom (SKT), with SKT acquiring 200,000 convertible preferred shares at $1,000 per share, totaling $200 million. The preferred shares are convertible into ordinary shares at $32.80784 per share and carry a 6% annual dividend. The company plans to use the proceeds to enhance its AI factory offerings.
Following this investment, Min Yong Ha, SKT's Chief Development Officer, has joined Penguin Solutions' Board of Directors. The company has updated its fiscal year 2025 outlook, adjusting GAAP diluted earnings per share from $0.30 (±$0.20) to $0.10 (±$0.20), and Non-GAAP diluted earnings from $1.70 (±$0.20) to $1.50 (±$0.20).
Penguin Solutions (NASDAQ: PENG) has scheduled its first quarter fiscal year 2025 earnings conference call and webcast for Wednesday, January 8, 2025, at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. The financial results will be released via press release before the conference call.
Investors can access the live webcast through the company's investor relations website. For those preferring to dial in, domestic participants can call +1-833-470-1428, while international participants can dial +1-404-975-4839, using access code 213238. A replay will be available on the IR website for one year, and an audio replay will be accessible for one week after the call.
Stratus Technologies, a Penguin Solutions brand (Nasdaq: PENG), announced its participation at Rockwell Automation's Automation Fair from November 18-21 in Anaheim, CA. The company will showcase its ztC Edge platform running cybersecurity applications from Fortinet, Claroty, and Rockwell Automation. A key highlight includes a live mini-factory demonstration with Conperio, showcasing how Rockwell's software on the ztC Edge platform addresses manufacturing challenges. The event will feature demonstrations of the Stratus and Rockwell Automation PlantPAx Solution-in-a-Box, designed for small to medium-scale distributed control systems with up to 5,000 I/Os.
Penguin Solutions (Nasdaq: PENG) has expanded its OriginAI infrastructure solution to include the latest NVIDIA and AMD GPUs, along with Dell Technologies AI-optimized hardware. The solution now supports NVIDIA H200 and AMD Instinct MI300X GPU-powered servers, with plans to enable NVIDIA Blackwell B200 and AMD Instinct MI325X in early 2025. The offering includes enhanced Scyld ClusterWare software for improved cluster management, featuring upgraded infrastructure security, expanded node management, and increased Ubuntu support.
Penguin Solutions (Nasdaq: PENG) announces the availability of new Altus servers powered by AMD EPYC 9005 Series processors. The servers feature 192 core count and 12 channels of DDR5 memory, designed for high-performance computing (HPC) and AI workloads. The company offers air-cooled models Altus XE1312v2 and XE2312v2 immediately, with liquid-cooled XE2342v2 planned for 1H 2025. These servers support up to 6TB-24TB of DDR5 memory and multiple PCIe Gen5 slots, making them ideal for compute-intensive applications and mixed-use AI workloads.
