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

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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.

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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.

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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.

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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.

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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.

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SMART Modular Technologies, a division of SGH, has introduced new DDR5 16GB and 32GB Very Low Profile Error-Correction Code Unbuffered Dual In-Line Memory Modules (VLP ECC UDIMM). These modules are tailored for 1U blade servers in networking, compute, and storage applications, enhancing space efficiency and power management. The DDR5 modules support higher speeds and densities compared to DDR4, enabling up to 384GB capacity in 1U systems. Industrial temperature-grade options are available for extreme conditions, while features like anti-sulfur resistors ensure reliability.

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Cree LED, a subsidiary of SGH, has launched Photophyll™ Select LEDs, the first LEDs fully characterized for horticulture metrics. These LEDs allow manufacturers to control blue/green/red spectral ratios, enhancing plant growth. They can boost crop yields, improve plant health, and reduce energy costs compared to standard LEDs, with potential performance upgrades of 6%. The spectral output is based on photosynthetic photon flux, avoiding complex translations used in human vision metrics. Production quantities are now available.

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Stratus, a company under SGH, received the 2022 Global Product Leadership Award from Frost & Sullivan for its edge computing platforms. Recognized for their ability to reduce unplanned downtime, these solutions are essential for business-critical operations. Stratus' ztC Edge platform is noted for its rugged design and high-performance software, providing fault-tolerant computing. The company has established strong customer relationships and has certifications from AWS and Microsoft Azure for IoT, enhancing its market position.

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SMART Modular Technologies has unveiled new DDR5 16GB and 32GB Very Low Profile Error-Correction Code Unbuffered Dual In-Line Memory Modules (VLP ECC UDIMMs) aimed at optimizing 1U blade servers for networking, telecom, compute, and storage applications.

The new VLP ECC UDIMMs are designed to save board space while meeting performance specifications. They offer higher speeds, improved power management, and increased densities, supporting configurations up to 384GB. The modules are now available, with support for faster DDR5-5600 under development.

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SMART Global Holdings, Inc. (SGH) reported a successful full year for fiscal 2022, achieving record net sales of $1.82 billion, a 21% increase from fiscal 2021. The GAAP gross margin improved to 24.9%, while non-GAAP gross margin reached 25.9%. Fiscal 2022 earnings per share (EPS) were $1.22 GAAP and $3.62 non-GAAP. Despite a 6% drop in fourth-quarter net sales to $438 million, gross margins declined moderately. Looking ahead, SGH expects fiscal 2023 net sales between $425 million and $475 million.

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FAQ

What is the current stock price of SMART Global Holdings Ordinary Shares (SGH)?

The current stock price of SMART Global Holdings Ordinary Shares (SGH) is $20.85 as of October 15, 2024.

What is the market cap of SMART Global Holdings Ordinary Shares (SGH)?

The market cap of SMART Global Holdings Ordinary Shares (SGH) is approximately 1.1B.

What does SMART Global Holdings, Inc. specialize in?

SMART Global Holdings specializes in memory and computing technology, offering application-specific product development and support for enterprise, government, and OEM markets.

What are the primary segments of SMART Global Holdings, Inc.?

The primary segments are Memory Solutions, Intelligent Platform Solutions (IPS), and Specialty Compute and Storage Solutions.

What brands operate under SMART Global Holdings' Memory Solutions segment?

The Memory Solutions segment operates under the SMART Modular brand.

What services does the Intelligent Platform Solutions segment provide?

The IPS segment, under Penguin Solutions and Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.

How long has SMART Global Holdings, Inc. been in the electronics industry?

SMART Global Holdings has been serving the electronics industry for over 25 years.

What kind of products does SMART Modular Technologies offer?

SMART Modular Technologies offers DRAM, flash, and hybrid memory technologies in various form factors.

How does SMART Global Holdings support its OEM customers?

SMART Global Holdings collaborates closely with OEM customers throughout the design process and across multiple projects, providing extensive design capabilities, technical support, and value-added testing services.

What industries does SMART Global Holdings serve?

SMART Global Holdings serves a broad range of industries, including computing, networking, communications, storage, mobile, and industrial markets.

How can I get the latest updates about SMART Global Holdings, Inc.?

You can get the latest updates by visiting the official website or following news sources that regularly report on the company.

SMART Global Holdings, Inc. Ordinary Shares

Nasdaq:SGH

SGH Rankings

SGH Stock Data

1.10B
52.92M
2.46%
108.07%
12%
Semiconductors
Semiconductors & Related Devices
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United States of America
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