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

SMART Global Holdings (SGH), listed on Nasdaq, announced participation in two upcoming investor events. The Canaccord Genuity 41st Annual Growth Conference will take place on August 12, 2021, followed by the Rosenblatt Technology Summit: The Age of AI Scaling Conference on August 24, 2021. SGH specializes in electronics for computing, memory, and LED solutions, serving enterprise, government, and OEM sectors with high-quality products and services.

SMART Modular Technologies, a leader in memory solutions, has unveiled new DDR5 modules designed for industrial applications. These modules feature enhanced endurance and stability, supported by rigorous testing processes to ensure reliability at extreme temperatures (-40°C to +85°C). SMART’s DDR5 modules provide twice the performance of DDR4 while improving power efficiency, suited for a range of applications including defense and telecom equipment. The product line includes unbuffered and registered DIMMs in various densities, emphasizing the company’s commitment to high-performance computing.

SMART Global Holdings, Inc. (SGH) announced the pricing of a public offering of 3,000,000 ordinary shares by certain selling shareholders affiliated with Silver Lake at $51.00 per share. The Company will not sell any shares nor receive any proceeds from this offering. Morgan Stanley & Co. LLC is the sole underwriter. The offering is made under an effective shelf registration statement filed with the SEC. Interested investors should consult the prospectus and other relevant documents for detailed information.

SMART Global Holdings (SGH) has announced a proposed underwritten public offering of 3,000,000 ordinary shares, initiated by certain selling shareholders affiliated with Silver Lake. The Company will not sell any shares nor will it receive proceeds from this offering. Morgan Stanley & Co. LLC will act as the sole underwriter. The offering is made under an effective shelf registration statement filed with the SEC on September 20, 2018. Full details will be available in the prospectus supplement and accompanying prospectus.

SMART Global Holdings (SGH) reported Q3 fiscal 2021 financial results, showcasing net sales of $437.7 million, a 56% increase year-over-year. However, the company posted a GAAP net loss of $7.2 million or ($0.30 per diluted share), contrasting with a profit of $0.8 million last year. On a non-GAAP basis, net income surged 107.6% to $35.5 million, equating to $1.39 per diluted share. The company expects net sales between $440 to $480 million for Q4, with diluted EPS guidance of $0.95 ± $0.15.

SMART Global Holdings (SGH) plans to announce its financial results for Q3 FY21 on July 6, 2021, after market close. A conference call will take place at 1:30 p.m. PT / 4:30 p.m. ET to discuss these results and provide insights into the company's future business outlook. Participants can listen by calling 844-912-3896 (domestic) or 236-714-3344 (international). The earnings call will also be available via a live webcast and an archived version will be accessible on the SGH investor relations website for one year.

SMART Modular Technologies, a leader in memory solutions, has announced the launch of its new T5EN PCIe/NVMe M.2 2280 and U.2 flash drives. Designed for aerospace, defense, and industrial applications, these drives offer capacities up to 8TB (M.2 up to 4TB) and feature Gen3x4 performance with 3D TLC flash and pSLC support. Key benefits include superior reliability in harsh environments, military-grade data protection with 256-bit encryption, and OPAL 2.0 compliance for enhanced security. This development extends the T5E family of SSDs, aligning with the trend in embedded systems.

SMART Modular Technologies, a leader in memory solutions, has launched its new T5PFLC FIPS 140-2 SSDs. These SSDs provide certified authentication and sophisticated encryption, with capacities ranging from 120GB to 2TB. The FIPS 140-2 standard ensures that sensitive data is protected against cyber threats, making it suitable for U.S. Federal government applications. Michael Guzzo emphasized that these SSDs allow for component changes while remaining compliant, cutting costs for customers. Technical specs include read speeds up to 550 MB/s and write speeds up to 530 MB/s.

SMART Global Holdings, Inc. (SGH) reported Q2 FY21 results with net sales of $304.0 million, an increase of 11.8% year-over-year. GAAP net income reached $5.8 million or $0.23 per share, reversing a net loss of $9.7 million in the prior year. Non-GAAP net income soared to $21.9 million or $0.87 per share, a 71.1% rise compared to last year. Adjusted EBITDA was $31.0 million, up 38.9%. The Intelligent Platform Solutions segment grew sales by 30% quarter-over-quarter, reflecting SGH’s diversification and growth strategies.