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

SMART Global Holdings (SGH) will present at several upcoming investor conferences. These include Cowen's 50th Annual Technology, Media & Telecom Conference on June 1, 2022, in New York City, Stifel's 2022 Cross Sector Insight Conference on June 9, 2022, in Boston, MA, and Rosenblatt’s 2nd Annual Age of AI Virtual Conference on June 10, 2022. Webcasts will be available on SGH’s investor relations website. To arrange meetings with SGH management, interested parties should contact their representatives at the respective conferences.

SMART Global Holdings has filed a patent infringement lawsuit against Star Headlight & Lantern Co. in the U.S. District Court for the Western District of New York. The lawsuit claims that Star infringed on four of Cree LED’s patents (U.S. Patent Nos. 8,884,510; 9,048,396; 9,865,780; and D718,258) by selling a product that incorporates six infringing LED packages. Cree LED, part of SMART Global, is committed to protecting its intellectual property and has a strong history of innovation in the LED industry.

SMART Modular Technologies (SGH) has joined the IGEL Ready program as a technology partner, allowing for product validation within the IGEL ecosystem. This partnership aims to enhance business growth and provide flexible access to enterprise applications for customers. The IGEL Ready program, established in July 2020, comprises over 100 technology partners focused on delivering secure user experiences in cloud workspaces. With this collaboration, SMART Modular Technologies positions itself to reach new markets and improve its service capabilities.

SMART Modular Technologies, a division of SGH, has launched the SMART Kestral PCIe Optane^™ Memory Add-in-Card (AIC), designed to enhance memory expansion by up to 2TB for data centers utilizing AMD, ARM, and Intel CPUs. This innovation allows for accelerated performance in applications requiring large memory resources. Key features include support for multiple memory technologies, a flexible form factor, and the ability to field-upgrade algorithms. Future models will support up to 4TB of Optane Memory.

SMART Global Holdings (SGH) reported Q2 FY22 results with net sales of $449 million, a 48% increase year-over-year. The gross margin rose to 25.1%, showing a 750 basis point improvement vs. Q2 FY21. While GAAP EPS declined 67% to $0.04, non-GAAP EPS surged 98% to $0.87. Year-to-date figures also reflect growth, with net sales of $919 million (+54%). The Board approved a $75 million share repurchase program, indicating confidence in SGH's financial strength. The outlook for Q3 FY22 projects net sales between $435-$475 million.

SMART Global Holdings (SGH) has unveiled its new brand identity, Penguin Solutions, which consolidates its Penguin Computing and Penguin Edge brands. This rebranding aims to enhance the company's offerings in HPC, AI, and IoT/Edge solutions across the edge to core to cloud continuum. The transition reflects a commitment to deliver integrated solutions addressing complex business challenges. The global AI market is expected to grow by nearly 20% in 2022, indicating significant opportunities for Penguin Solutions to impact enterprise and federal markets.

SMART Modular Technologies has introduced its new DuraFlash ME2 SSD portfolio, featuring the latest NAND-technology for enhanced performance and endurance. The portfolio includes various form factors such as M.2, mSATA, and 2.5” with capacities from 240GB to 1920GB. These SSDs utilize SMART’s SafeDATA technology for power-loss protection, making them suitable for high-performance computing and data centers. Victor Tsai, director of Flash products, emphasized the focus on delivering faster, cost-optimized storage solutions.

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.