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

SMART Modular Technologies, a subsidiary of SGH, has launched the new T6CN family of PCIe Gen 4.0 NVMe SSDs, designed for defense, industrial, and telecommunications applications. Offering capacities ranging from 960GB to 16,360GB, the T6CN SSDs provide superior performance with speeds up to 3,500MB/s for sequential reads and 3,200MB/s for writes. This product enhances SMART's ruggedized SSD portfolio, featuring advanced technologies like LDPC error correction and power failure protection. The T6CN family is subject to 100% burn-in testing to ensure reliability under extreme conditions. These innovations aim to meet evolving demands for higher performance and capacity in rugged environments.

Stratus Technologies has announced the launch of its next generation Stratus ftServer, delivering a significant 25% increase in performance. The upgraded platforms feature more CPU cores, enhanced processing power, and improved networking capabilities, making them suitable for advanced software deployment and edge-core-cloud architectures. Key enhancements include updated Intel Xeon processors, increased bandwidth for Storage Area Networks, and expanded networking options. Available in four configurations, the ftServer platforms cater to various applications such as industrial automation and transaction processing. Stratus emphasizes their commitment to reliability, offering continuous availability and strong support services for mission-critical applications.

SMART Global Holdings (SGH) has appointed Michael Wellman as the new Chief Human Resources Officer. Wellman will lead the company's global HR efforts, focusing on implementing employee programs aimed at enhancing engagement and motivation.

With over 20 years of experience in HR leadership roles at companies like TTEC, WellCare Health Plans, and Sitel Corporation, Wellman is set to contribute positively to SGH's culture and transformation initiatives. CEO Mark Adams expressed confidence in Wellman's ability to drive organizational success through a people-first approach.

This strategic hire aligns with SGH's commitment to fostering a robust employee-centric environment while pursuing long-term growth in the technology sector.

SMART Global Holdings, Inc. (SGH) reported its second quarter fiscal 2023 results, showing net sales of $429 million, a decrease of 4.5% year-over-year. The company achieved a GAAP gross margin of 25.7%, improving by 60 basis points from the previous year, and a non-GAAP gross margin of 28.9%, which is up 290 basis points. SGH's GAAP EPS was $(0.55), down from $0.04 a year ago, while non-GAAP EPS was $0.76, compared to $0.87 a year prior. The company ended the quarter with $376 million in cash equivalents and expressed confidence in growth opportunities driven by advancements in AI and data analytics.

SMART Modular Technologies, a division of SGH, has launched its new T6CN family of PCIe NVMe SSDs, designed for defense, industrial, and telecommunications applications. The SSDs deliver high performance with capacities ranging from 960GB to 16,360GB and speeds up to 3,500MB/s Sequential Read and 3,200MB/s Sequential Writes. The T6CN SSDs are compatible with PCIe Gen 4.0 technology, offering significantly faster data transfer rates than SATA III. They come with advanced features, including Power Failure Protection and robust error correction. These enhancements position the products well in the rugged SSD market.

Cree LED, a subsidiary of SGH (Nasdaq: SGH), has launched its J Series® 5050C E Class LEDs, boasting an industry-leading efficacy of 228 lumens per watt (LPW) at 4000K and 70 CRI. These advanced LEDs deliver up to three times the light output compared to rival 5050 models, and also feature enhanced corrosion resistance suitable for challenging environments. The new product line promises significant cost reductions—up to 40% in system costs and 57% in size—when transitioning from lower-performance LEDs. Available in various color temperatures and CRI options, product samples and production quantities are ready for order.

SMART Global Holdings, Inc. (SGH) will host its quarterly financial conference call for the second quarter of fiscal year 2023 on April 4, 2023, at 1:30 p.m. PDT. The financial results will be released prior to the call. Interested participants can access the live webcast via the SGH investor relations website. For those unable to attend, a replay of the call will be available for one week following the event.

This call is an opportunity for stakeholders to gain insights into SGH’s performance and strategic direction, reflecting the company's commitment to transparency and investor engagement.

DURHAM, N.C.--(BUSINESS WIRE)--Cree LED, a company under SGH, announces the launch of three new surface mount diode (SMD) LEDs designed for large-format, high-resolution video screen applications. These new products enhance performance for various display types, including stadium signs and roadway signs. The CV94A-FGC LED offers a 90°/45° beam angle, while the CLMWB-FKC is optimized for outdoor LED video screens. The UHD111A-FKA LED is designed for indoor displays, ensuring improved brightness and image quality. All three products are waterproof and equipped with UV inhibitors for reliability in tough conditions, available with short lead times.

Stratus Technologies (SGH) will present its AI-powered Edge Computing platforms at the 27th ARC Industry Leadership Forum in Orlando, Florida, from February 6-9.

Stratus collaborates with Streamline Innovations to showcase sustainable gas treating solutions, emphasizing operational efficiency and emissions reduction.

Stephen Greene, VP at Stratus, highlighted the critical role of actionable data for safe operations. The demonstration includes the Stratus ztC Edge platform, designed for enhanced uptime and cost-efficiency in oil and gas applications.