Welcome to our dedicated page for SMART Global Holdings Ordinary Shares news (Ticker: SGH), a resource for investors and traders seeking the latest updates and insights on SMART Global Holdings Ordinary Shares stock.
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, Inc. (NASDAQ: SGH) reported its Q1 fiscal 2021 results, showing net sales of $291.7 million, a 7.2% increase year-over-year. The GAAP net income rose to $2 million or $0.08 per share, compared to $0.2 million or $0.01 per share last year. Non-GAAP net income was $19.6 million or $0.78 per share, reflecting a significant growth of 46.4% from the prior year. Additionally, Adjusted EBITDA reached $29.5 million, up 25.4% year-over-year.
SMART Global Holdings (SGH) will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 11-12, 2021. Management will also participate in a fireside chat scheduled for January 12 at 2:00 p.m. ET, which can be streamed live on the SGH website. Interested participants can register for the conference and arrange meetings by contacting a representative at Needham & Company. SGH specializes in designing electronic products focused on computing and memory technology for various sectors, including enterprise and government.
SMART Global Holdings (SGH) will report its financial results for Q1 fiscal 2021 after the market closes on January 5, 2021. A conference call will follow at 1:30 p.m. PT to discuss the results and provide a future outlook. Investors can tune into the webcast available on the SGH website. The company specializes in designing and manufacturing products focused on computing and memory technology, servicing various sectors including enterprise and government.
SMART Global Holdings (Nasdaq: SGH) has entered an agreement to acquire Cree, Inc.’s LED Products business unit for up to $300 million. This transformative acquisition aims to enhance SMART's growth and diversification strategy in niche LED markets including specialty lighting. The deal is expected to be immediately accretive to Non-GAAP EPS, Free Cash Flow, and overall earnings consistency.
The acquisition includes a cash payment of $50 million upon closing with a seller-financed note and potential earn-out based on future performance.
SMART Global Holdings, Inc. (NASDAQ: SGH) reported its Q4 and full-year fiscal 2020 results, highlighting a strong finish with Q4 net sales of $297 million, up 6.7% year-over-year. GAAP net income was $7.5 million or $0.30 per share, while non-GAAP net income reached $20.4 million or $0.82 per share, reflecting a 72.2% increase. For FY20, net sales totaled $1.1 billion, down from $1.2 billion the previous year, with a GAAP net loss of $1.1 million. Management anticipates continued growth driven by strong relationships and operational capabilities.
MemVerge and Penguin Computing announced a partnership on Sept. 23, 2020, to launch the world's first Big Memory Computing Solutions. These solutions leverage DRAM and persistent memory to create powerful software-defined memory pools, addressing the growing demand for real-time applications. By 2024, nearly 25% of data created will be real-time, making this technology vital for enterprise-class data services. The collaboration enables faster processing and recovery times for large datasets, which is crucial for AI and HPC applications.
SMART Global Holdings (NASDAQ: SGH) will release its fourth quarter and fiscal year 2020 financial results on October 1, 2020, after market close. A conference call will be held at 1:30 p.m. PT to discuss the results and provide a business outlook. The call can be accessed through the company's website and will include a live webcast. A replay will be available for one week post-call. SMART focuses on memory and computing technology, serving various sectors including communications and industrial automation.
SMART Global Holdings (NASDAQ: SGH) announces executive promotions, appointing Jack Pacheco as President of SMART Memory Solutions Business while retaining his role as Chief Operating and Financial Officer. KiWan Kim has been promoted to Executive Vice President and President of SMART Emerging Markets. These changes are expected to leverage their leadership and experience to enhance performance and drive growth in core business areas. Mark Adams, CEO, emphasizes their vital contributions, particularly Pacheco’s leadership during the pandemic and Kim's extensive experience in emerging markets.
SMART Global Holdings (NASDAQ: SGH) has announced its third quarter fiscal 2020 financial results will be reported after the market closes on July 7, 2020. A conference call to discuss these results will take place at 1:30 PM PT (4:30 PM ET) on the same day. The call will be accessible via the company's website. Additionally, a replay will be available for one week. SMART is noted for its expertise in memory and computing technology, serving various sectors including government and industrial applications.
SMART Global Holdings (NASDAQ: SGH) announced participation in two upcoming investor events. The first is the Oppenheimer 5th Annual Emerging Growth Conference on May 12, 2020, which will feature one-on-one virtual meetings. The second event is a Needham-hosted call on May 15, 2020, at 10 AM PT, including executives like CEO Ajay Shah. These engagements aim to strengthen investor relations and highlight SMART's focus on memory and computing technology across various industries.
FAQ
What is the current stock price of SMART Global Holdings Ordinary Shares (SGH)?
What is the market cap of SMART Global Holdings Ordinary Shares (SGH)?
What does SMART Global Holdings, Inc. specialize in?
What are the primary segments of SMART Global Holdings, Inc.?
What brands operate under SMART Global Holdings' Memory Solutions segment?
What services does the Intelligent Platform Solutions segment provide?
How long has SMART Global Holdings, Inc. been in the electronics industry?
What kind of products does SMART Modular Technologies offer?
How does SMART Global Holdings support its OEM customers?
What industries does SMART Global Holdings serve?
How can I get the latest updates about SMART Global Holdings, Inc.?
