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

Cree LED, a division of SGH, has launched its new XLamp® Pro9™ LEDs, which offer up to 15% higher efficacy for 90 and 95 color rendering index (CRI) without compromising color quality. These LEDs provide the same performance as standard 80 CRI LEDs, enhancing light output and efficiency in commercial applications. Pro9 LEDs feature the highest operating temperature rating of 105°C and share mechanical and electrical characteristics with standard LEDs, allowing for easy upgrades by lighting manufacturers.

SMART Global Holdings, Inc. (SGH) reported its Q1 FY23 financial results, achieving net sales of $465 million, a 6.3% increase from the previous quarter. The GAAP gross margin improved to 25.4%, while non-GAAP gross margin reached a record 27.8%. GAAP EPS declined to $0.10 from $0.40 in the prior quarter, while non-GAAP EPS was $0.79, a slight dip from $0.80. The company closed its acquisition of Stratus Technologies on August 29, 2022. For Q2 FY23, SGH projects net sales between $410 million and $460 million.

SGH company, Cree LED, and Star Headlight & Lantern Co. have settled a patent infringement dispute. Cree LED has granted Star a limited license to certain patents related to LED components, demonstrating a mutually beneficial resolution. This agreement may enhance Star's product offering while allowing Cree LED to maintain its intellectual property rights.

SMART Global Holdings (SGH) has announced its upcoming quarterly financial conference call scheduled for January 3, 2023, at 1:30 PM PST, to discuss its first quarter fiscal year 2023 earnings. The results will be released prior to the call. Investors can access the live webcast on the SGH investor relations website. A telephonic replay will also be available for one week following the event. SGH continues to focus on enhancing technologies in computing, memory, and LED lighting solutions, aiming to foster strategic partnerships and growth opportunities.

SMART Modular Technologies, a division of SGH, has launched the DC4800 PCIe Gen 4 family of solid-state drives (SSDs) designed for high-performance data centers.

These SSDs boast a specialized controller for power efficiency and high reliability, achieving up to 99.99999% latency consistency. Available in capacities up to 7.68TB and compliant with the Open Compute Project standards, they are currently being sampled by various OEMs.

Penguin Solutions has acquired all software and intellectual property assets of Colorado Code Craft, enhancing its portfolio in high-performance computing (HPC), AI, and cloud solutions. This acquisition aims to provide secure remote access to data and applications, improving workflows for data scientists and researchers. The definitive agreement was signed on November 7, 2022, but financial terms were not disclosed. The integration of Colorado Code Craft's technology is expected to bolster Penguin’s offerings, including the Scyld Cloud Workstation and its new Scyld Cloud Central platform.

Penguin Solutions has launched the Scyld Cloud Central control plane, a cloud-native solution designed to enhance HPC and AI deployment across on-premises and cloud environments. This offering simplifies cluster deployment and user experience while providing cost management options. The partnership with Google Cloud allows users to rapidly deploy customized HPC/AI environments and seamlessly integrate existing clusters. The platform features pre-integration with popular tools and flexible scaling options, ensuring efficiency and performance for data scientists and researchers.

Penguin Solutions has announced the launch of new versions of Scyld ClusterWare and Scyld Cloud Workstation software during Supercomputing 2022. The updated Scyld ClusterWare 12.0, expected in Q1 2023, features significant performance and stability improvements alongside a new user interface. Meanwhile, Scyld Cloud Workstation 12.1 is now available, offering a 60fps frame rate and up to 4K resolution. These upgrades aim to enhance management and productivity in high-performance computing (HPC) environments.

Stratus Technologies, a leading provider of Edge Computing solutions and a subsidiary of SGH, will present at the Automation Fair in Chicago on November 16-17, 2022. The company will showcase Enginuity Global's digital transformation project at QuarterNorth Energy's Bullwinkle production platform, highlighting their successful upgrade to a PlantPAx DCS system in just 45 days. Stratus will demonstrate its Edge Computing solutions and discuss industry best practices for optimizing operations and enhancing cybersecurity.