SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations. The company also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, it offers specialty compute and storage system solutions to customers various verticals, including financial services, energy, government, social media, and education end markets; and offers hardware and software products, including solutions based on the Open Compute Project. Further it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and bare metal HPC in hardware or cloud-based solutions through Penguin Computing On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions based upon its Frostbyte storage platform; and rackmount servers and GPU accelerated computing platforms. The company sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Newark, California.
IPO Year: 2017
Exchange: NASDAQ
Website: smartm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2023 | $37.00 → $22.00 | Buy | Needham |
| 6/30/2022 | $45.00 → $40.00 | Buy | Needham |
| 2/2/2022 | $100.00 → $50.00 | Buy | Rosenblatt |
| 1/5/2022 | $60.00 → $82.00 | Overweight | Barclays |
| 12/27/2021 | $75.00 → $100.00 | Buy | Rosenblatt |
| 10/13/2021 | $75.00 → $85.00 | Buy | Needham |
| 7/7/2021 | $65.00 → $75.00 | Buy | Needham |
Santiago de Querétaro replaces all downtown lighting with high-efficiency LEDs, improving light quality while cutting power consumption by more than half Cree LED, an SGH company (NASDAQ:SGH), today announced the city of Santiago de Querétaro in central Mexico has tapped IDC Componentes (IDC2) and Ilumiled to upgrade all of its downtown lighting—a project that will replace 1600 sodium-based lamps with LED fixtures. Authorized by the state and municipal governments, the upgrade maintains the downtown area's light color and softness while improving the light uniformity and cutting power consumption by more than half over the next five to 10 years. This press release features multimedia. View
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, SGH Q4 FY24 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1 833-470-1428 (domestic), or +1 929-526-1599 (international) using the access code 916986. Re
Single-Event-Upset mitigation technology significantly reduces service costs in demanding networking, telecom, and edge server applications SMART Modular Technologies, Inc. ("SMART"), a division of SGH (NASDAQ:SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, announces a proprietary technology to mitigate the adverse impact of single event upsets (SEUs) in high-reliability flash-memory based systems. SMART Modular's MP3000 NVMe SSD products with SEU mitigation reduce annual failure rates from as high as 17.5k/Mu (million units) to less than 10/Mu and can save hundreds of thousands of dollars in potential service costs by helping to ensure hundreds of ho
Addition of KVM capabilities delivers flexibility and optionality for OT and IT teams to run concurrent workloads with maximum computing reliability Stratus Technologies Inc. ("Stratus"), an SGH company (NASDAQ:SGH) and a global leader in simplified, protected, and autonomous computing platforms for the edge and the data center, today announced expanded Linux capabilities for its 12th generation of the ftServer platform which is the latest version of the industry-leading fault-tolerant servers. The Stratus ftServer® family of computing platforms now have kernel-based virtual machine (KVM) support for Red Hat Enterprise Linux (RHEL), addressing a critical market need for optionality and ope
Conformal coating process protects modules from corrosion and provides higher reliability and reduced cost for data center applications SMART Modular Technologies, Inc. ("SMART"), a division of SGH (NASDAQ:SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, has launched a new line of DDR5 Registered DIMMs (RDIMMs) with conformal coating which are specifically designed for use in liquid immersion servers. This innovative product line combines the superior performance of DDR5 technology with enhanced protection, ensuring reliability and longevity in the most demanding data center environments. This press release features multimedia. View the full release
SMART Global Holdings, Inc. ("SGH," "we" or the "Company") (NASDAQ:SGH) today announced the pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 (the "Notes") to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the offering was increased from the previously announced offering size of $150.0 million. The Company has granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $25.0 million aggregate
Improved LED performance and the broadest color range provide even greater design flexibility Cree LED, an SGH company (NASDAQ:SGH), announced today the launch of its higher performance XLamp® XE-G LEDs. Through a combination of higher light output and lower forward voltage, the upgraded XE-G LEDs deliver a 20% increase in efficiency for RGBW (Red/Green/Blue/White) color-mixing systems and a 10% or higher efficiency gain for 13 of the 18 colors. Since their debut, XE-G LEDs have provided leading-edge functionality, and this latest performance boost will enable customers to improve their lighting fixtures even more. This press release features multimedia. View the full release here: https
SMART Global Holdings, Inc. ("SGH," "we," or the "Company") (NASDAQ:SGH) today announced that it intends to offer $150.0 million in aggregate principal amount of convertible senior notes due 2030 (the "Notes") to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $22.5 million aggregate principal amount of Notes. The Notes will be senior, unsecured obligations of th
Improved platform now offers SAN connectivity for enterprise data and OPC-UA interoperability for secure, single-pane-of-glass visibility Stratus Technologies, Inc. ("Stratus"), an SGH company (NASDAQ:SGH) and a global leader in simplified, protected, and autonomous computing platforms for edge and data center use, today announced new capabilities and features of the Stratus ztC Endurance™ platform, which delivers highly reliable connectivity to critical production data stored in storage area networks (SANs) and expands visibility into industrial automation (IA) information across the enterprise. New features include improved data connectivity for both enterprise and edge operations, incl
Deep experience and expertise for AI infrastructure solutions, services, and management Today, at its Nasdaq MarketSite Analyst Day event, SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company's transformation over the past several years and reflects its focus on delivering leading-edge solutions that solve the complexity of AI. The new Penguin Solutions is uniquely positioned as an expert in end-to-end AI infrastructure solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716664822/en/SGH announced its intention to be
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Needham resumed coverage of SMART Global with a rating of Buy and set a new price target of $22.00 from $37.00 previously
Needham reiterated coverage of SMART Global with a rating of Buy and set a new price target of $40.00 from $45.00 previously
Rosenblatt reiterated coverage of SMART Glb Hldgs with a rating of Buy and set a new price target of $50.00 from $100.00 previously
Barclays reiterated coverage of SMART Glb Hldgs with a rating of Overweight and set a new price target of $82.00 from $60.00 previously
Rosenblatt reiterated coverage of SMART Glb Hldgs with a rating of Buy and set a new price target of $100.00 from $75.00 previously
Needham reiterated coverage of SMART Glb Hldgs with a rating of Buy and set a new price target of $85.00 from $75.00 previously
Needham reiterated coverage of SMART Glb Hldgs with a rating of Buy and set a new price target of $75.00 from $65.00 previously
Barclays resumed coverage of SMART Global with a rating of Overweight and set a new price target of $60.00
Needham reiterated coverage of SMART Glb Hldgs with a rating of Buy and set a new price target of $65.00 from $56.00 previously
Stifel Nicolaus reiterated coverage of SMART Global with a rating of Buy and set a new price target of $55.00 from $48.00 previously
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) announced that Nate Olmstead has joined the company today as senior vice president and chief financial officer ("CFO"), reporting to SGH president and chief executive officer ("CEO") Mark Adams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626112558/en/Nate Olmstead has joined SGH as senior vice president and chief financial officer, reporting to SGH president and chief executive officer Mark Adams. As CFO, Olmstead will lead SGH's worldwide finance organization. (Photo: Business Wire) "We are delighted to announce that Nate Olmstead has joined SGH to lead our finance organiz
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023. Puma previously served as president and CEO of Axcelis Technologies, Inc. ("Axcelis"), a publicly held company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, from January 2002 to May 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230719761897/en/SGH (SMART Global Holdings) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023. (Photo: Business Wire) "We are excited to welcome Mary to ou
Experienced HR leader to foster people-first culture SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Michael Wellman as the Company's Chief Human Resources Officer. Wellman will lead the company's worldwide Human Resources organization with a focus on developing and executing employee programs centered on engaging and motivating teams to drive the company's strategic priorities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230406005716/en/Michael Wellman has been appointed as Chief Human Resources Officer for SMART Global Holdings (SGH). (Photo: Business Wire) "At SGH, our core values star
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Mark Papermaster, chief technology officer and executive vice president of technology and engineering at Advanced Micro Devices, Inc. (NASDAQ:AMD), to its board of directors, effective August 22, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220822005723/en/SMART Global Holdings (SGH) today announced the appointment of Mark Papermaster, CTO and EVP of technology and engineering at Advanced Micro Devices, Inc. to SGH's board of directors. (Photo: Business Wire) "We are pleased to have Mark join our board at SGH," commented Mark Adams, presid
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220214005828/en/SGH announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors. (Photo: Business Wire) "Penny is an experienced public company chair and has had a successful career in a variety of executive leadership positions helping companies scale," said Mark Adams, President and CEO of SGH. "We are grateful to have
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Penny Herscher, chair of the board of directors at Lumentum Holdings Inc., to its board of directors and as a member of its Nominating and Governance Committee, effective September 24, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210928005466/en/SMART Global Holdings (SGH) announced the appointment of Penny Herscher to its board of directors and as a member of its Nominating and Governance Committee. (Photo: Business Wire) "We are excited to have Penny join our board at SGH," commented Mark Adams, President and CEO of SGH. "Her vast experi
NEWARK, Calif.--(BUSINESS WIRE)--SMART Global Holdings, Inc. (“SGH” or the “company”) (Nasdaq: SGH) today announced that Thierry Pellegrino has been appointed Senior Vice President and President of SGH’s Specialty Computing business based in Fremont, California, reporting to SGH President and Chief Executive Officer, Mark Adams. “After a comprehensive search process, we are excited to announce that Thierry Pellegrino has joined SGH to lead our Specialty Computing business,” commented Mark Adams, President & CEO of SMART Global Holdings. “Thierry brings more than two decades of experience serving in leadership roles that span edge computing to high performance computing. He posses
NEWARK, Calif.--(BUSINESS WIRE)--SMART Global Holdings, Inc. (“SGH” or the “company”) (NASDAQ: SGH) today announced that Ken Rizvi has been appointed Senior Vice President and Chief Financial Officer effective February 15, 2021, and will report to SGH Chief Executive Officer, Mark Adams. Current Chief Financial Officer, Jack Pacheco, will continue in his roles as Chief Operating Officer of SGH and President of SMART Modular Technologies, SGH’s Memory Solutions Business. “Ken brings a strong blend of international finance, accounting and strategy experience to SGH,” stated Mark Adams, SGH CEO. “Leveraging his years of financial leadership in the technology industry, I believe Ken
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, SGH Q4 FY24 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1 833-470-1428 (domestic), or +1 929-526-1599 (international) using the access code 916986. Re
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that SK Telecom ("SKT") (NYSE:SKM), an affiliate of SK Group, is making a $200 million preferred equity investment in SGH. SGH plans to use the capital from SKT's investment to enhance SGH's capabilities and add to the Company's financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715061470/en/(L to R) Ryu Young-sang, CEO of SKT, and Mark Adams,
Sequential Revenue Growth Drives GAAP EPS of $0.10, Non-GAAP EPS of $0.37 SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today reported financial results for the third quarter of fiscal 2024. Third Quarter Fiscal 2024 Highlights Net sales of $300.6 million, up 5.5% versus the prior quarter GAAP gross margin of 29.6% versus 28.8% in the prior quarter Non-GAAP gross margin of 32.3% versus 31.5% in the prior quarter GAAP EPS of $0.10 versus $(0.26) in the prior quarter Non-GAAP EPS of $0.37 versus $0.27 in the prior quarter, up 37% quarter over quarter "We are pleased with our Q3 operating results and continued progress in our transformation into a high
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2024 earnings after market close on Tuesday, July 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, visit: SGH Q3 FY24 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1 833 470 1428 (domestic) or +1 929-526-1599 (international), using the access code 829754. Repla
IPS revenue up 19 percent sequentially; total SGH revenue of $285 million SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today reported financial results for the second quarter of fiscal 2024. Second Quarter Fiscal 2024 Highlights Net sales of $284.8 million, up 3.9% versus the prior quarter GAAP gross margin of 28.8% versus 30.2% in the prior quarter Non-GAAP gross margin of 31.5% versus 33.3% in the prior quarter GAAP EPS of $(0.26) versus $(0.23) in the prior quarter Non-GAAP EPS of $0.27 versus $0.24 in the prior quarter "The second quarter marked a period of continued progress towards our transformation into a high-value enterprise solutions com
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2024 earnings after market close on Tuesday, April 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, visit: SGH Q2 FY24 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1 833 470 1428 (domestic) or +1 929-526-1599 (international), using the access code 202143. Rep
Record GAAP and Non-GAAP Gross Margins SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today reported financial results for the first quarter of fiscal 2024. On November 29, 2023, we completed our previously announced divestiture of an 81% interest in our SMART Brazil operations. Our SMART Brazil operations are classified as discontinued operations in the accompanying financial information for all periods presented. The following discussion relates to our continuing operations, which exclude SMART Brazil. First Quarter Fiscal 2024 Highlights for Continuing Operations Net sales of $274.2 million, down 30.0% versus the year-ago quarter Record GAAP gross margin of
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2024 earnings after market close on Tuesday, January 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, visit: SGH Q1 FY24 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1 833-470-1428 (domestic) or +1 929-526-1599 (international), using the access code 064997. Re
Record GAAP and Non-GAAP Gross Margins for FY2023 SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today reported financial results for the fourth quarter and full year fiscal 2023. On June 13, 2023, we entered into an agreement to sell an 81% interest in our SMART Brazil operations. The transaction is expected to close at the end of calendar 2023 or early 2024, subject to required regulatory approvals and satisfaction of customary closing conditions. Accordingly, our SMART Brazil operations are classified as discontinued operations in the accompanying financial statements for all periods presented. The following discussion relates to our continuing operations, which
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter fiscal year 2023 earnings after market close on Thursday, October 12, 2023, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, visit: SGH Q4 FY23 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1 833 470 1428 (domestic) or +1 929-526-1599 (international), using the access code 759938.