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SMART Global Holdings, Inc. (SGH) is a prominent player in the electronic products industry, specializing in memory and computing technology. The company is renowned for its application-specific product development and unwavering support for customers in various sectors, including enterprise, government, and original equipment manufacturer (OEM) markets.
SGH operates through three primary segments:
- Memory Solutions: Under the SMART Modular brand, this segment delivers high-performance, reliable memory solutions. These are achieved through advanced design, development, and packaging of cutting-edge to extended lifecycle products. SMART Modular focuses on creating custom solutions for its diverse clientele, ensuring robust technical support and value-added testing services throughout the design and manufacturing process.
- Intelligent Platform Solutions (IPS): This segment, encompassing the Penguin Solutions and recently acquired Stratus Technologies brands, provides specialized platform solutions and services for high-performance computing. These offerings cater to complex computing needs, ensuring that clients receive tailored solutions to meet demanding and unique requirements.
- Specialty Compute and Storage Solutions: This arm focuses on delivering cutting-edge storage and hybrid solutions that serve a wide array of markets, including computing, networking, communications, storage, mobile, and industrial sectors.
Having served the electronics industry for over 25 years, SMART Modular continues to innovate by closely collaborating with its global OEM customers. This partnership spans from the initial design stage through to manufacturing and supply, ensuring that the solutions developed are of the highest quality and meet the specific needs of the applications they are designed for.
The company's comprehensive product line includes DRAM, flash, and hybrid memory technologies, available in various form factors. SMART Global Holdings' commitment to innovation and customer-centric solutions has solidified its position as a leader in the specialty memory and storage solutions market.
For the latest updates and news about SMART Global Holdings, Inc., visit their official website or follow news sources regularly reporting on the company.
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.
SMART Global Holdings (SGH) announced its participation in two upcoming virtual investor conferences. Management will present at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 3:00 p.m. EST, and at the Needham 24th Annual Growth Conference on January 13, 2022, at 2:45 p.m. EST. Webcasts of both events will be accessible via the investor relations section of SGH's website. Interested parties can register for the conferences and arrange one-on-one meetings with SGH management through their representatives at Barclays and Needham & Company.
SMART Wireless Computing, a business of SGH (Nasdaq: SGH), has launched the Inforce 6403, a new system-on-module (SoM) designed for intelligent display devices and AI applications. Powered by the Qualcomm QCS610, the Inforce 6403 supports 4K UltraHD video capabilities and features advanced connectivity options, making it ideal for IoT edge devices like smart cameras and displays. With a compact design, it enables efficient video analytics including face detection and object tracking. Samples will be available for order starting mid-November, priced at
SMART Global Holdings, Inc. (SGH) reported record revenue for Q4 and FY21, with net sales reaching $467.7 million, a 57% increase year-over-year. GAAP EPS surged 160% to $0.78, while non-GAAP EPS climbed 163% to $2.16. For the fiscal year, total net sales were $1.5 billion, a 34% rise, with GAAP EPS of $0.83 compared to a loss last year. The outlook for Q1 FY22 estimates net sales between $440 and $480 million and diluted EPS of $1.20 ± $0.20, reflecting SGH’s growth trajectory.
SMART Global Holdings (NASDAQ: SGH) announced a rebranding to strengthen its identity and align with its operational strategy. This change reflects SGH’s evolution and its acquisition of CreeLED, Inc.. The company now emphasizes a unified purpose: Powering growth. Expanding possibilities. SGH aims to support its individual brands—Penguin Computing, SMART Modular, and Cree LED—under a common set of values. The new branding symbolizes SGH’s commitment to delivering customer value and driving progress in technology and innovation.
SMART Global Holdings (SGH) appointed Penny Herscher to its board of directors and as a member of the Nominating and Governance Committee effective September 24, 2021. Herscher brings over 15 years of experience as a high-tech CEO in Silicon Valley and has served on various public company boards. Her expertise is expected to enhance the board's perspective and support SGH's growth initiatives. CEO Mark Adams expressed optimism regarding her contribution to the company's future strategies.
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