SMART Global Holdings, Inc. Ordinary Shares - SGH STOCK NEWS

SMART Modular Technologies, a division of SGH, has launched the industry’s first DDR5 32GB Very Low Profile Registered Dual In-Line Memory Module (VLP RDIMM). This new product is tailored for applications with space constraints such as 1U blade compute and storage systems, offering improved heat dissipation and energy savings. Key features include a height of 18.75mm, support for up to 384GB in dense systems, and high performance of DDR5-4800. Sampling is set to begin in Q1 2022.

SMART Global Holdings (SGH) will host its quarterly financial conference call for Q2 FY22 on April 5, 2022, at 1:30 p.m. PDT. The earnings release will precede the call. Investors can access the live webcast at SGH investor relations. For those who prefer, a telephonic replay will be available for one week after the call. SGH focuses on technology solutions in computing, memory, and LED lighting, aiming for growth through strategic partnerships.

SMART Modular Technologies, a division of SGH, has launched the industry's first DDR5 32GB Very Low Profile Registered Dual In-Line Memory Module (VLP RDIMM). This innovative product targets space-constrained applications, offering improved heat dissipation and energy savings for 1U blade compute and storage systems. Key features include a height of 18.75mm for vertical placement, support for up to 384GB in dense configurations, and a high-performance DDR5-4800 speed. Sampling is set to begin in Q1 2022, addressing the increasing demand for VLP modules in various high-tech sectors.

SMART Global Holdings (SGH) has elected Penny Herscher as chair of its board of directors, a position she will undertake following her appointment to the board last year. Herscher brings over 15 years of experience in executive roles within the tech industry, including her current position as chair of Lumentum Holdings. CEO Mark Adams expressed confidence in Herscher's leadership, highlighting her track record of assisting companies in scaling. This transition reflects SGH's ongoing transformation and commitment to growth.

SMART Global Holdings (SGH) has successfully completed refinancing with a $275 million Term Loan A Facility and an undrawn $250 million Revolving Credit Facility. This move enhances the company’s liquidity and extends debt maturities until 2027. The refinancing replaces several existing debts, allowing SGH to potentially retire $77.7 million in earn-out liabilities. The strong demand for the refinancing indicates market confidence in SGH’s growth strategy, as noted by CFO Ken Rizvi.

SMART Global Holdings (SGH) reported significant financial results for Q1 FY22, achieving net sales of $470 million, a 61% increase year-over-year. GAAP gross margin improved by 800 basis points to 26.0%, while non-GAAP gross margin rose to 27.0%, an 850 basis point increase. The company also announced a two-for-one share split, effective February 1, 2022, aimed at enhancing liquidity and expanding its shareholder base. For Q2 FY22, SGH projects net sales between $415 and $455 million with diluted EPS guidance of $1.45.

SMART Global Holdings (SGH) announced that its board will see significant changes as Ajay Shah, Jason White, and co-founder Mukesh Patel will not seek re-election during the 2022 annual meeting. This transition will result in an entirely independent board, excluding CEO Mark Adams. The company reaffirms its previous financial outlook for Q2 2022. Shah and Patel, co-founders since 1988, reflected on the company's growth from a small startup to a major player with 4,000 employees. SGH aims to maintain its focus on customer needs and enhance its governance structure.

SMART Wireless Computing has launched the Inforce 68A1, a new system-on-module based on the Qualcomm QCS8250 SoC, aimed at enhancing IoT applications. This module supports multiple high-resolution 8K and 4K cameras, enabling advanced AI inferencing for applications in video conferencing, healthcare, and retail.

Available starting December, the Inforce 68A1 is priced at $399. It promises enhanced video processing capability, supports Wi-Fi 6E and Bluetooth 5, and features a compact design for easy integration into various devices.

SMART Global Holdings, Inc. (SGH) will host its quarterly financial conference call for Q1 FY2022 on January 4, 2022, at 1:30 p.m. PST. The earnings results will be released prior to the call. Investors can access the live webcast through the company's investor relations website. A replay will be available for one year post-event, with a telephonic replay also offered for one week. SGH focuses on computing, memory, and LED lighting solutions, aiming to build long-term partnerships and drive growth.