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SMART Global Holdings Inc - SGH STOCK NEWS

Welcome to our dedicated news page for SMART Global Holdings (Ticker: SGH), a resource for investors and traders seeking the latest updates and insights on SMART Global Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SMART Global Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SMART Global Holdings's position in the market.

News
SMART Modular Technologies Introduces New Family of CXL Add-in Cards for Memory Expansion in High Performance Servers
Rhea-AI Summary
SMART Modular Technologies introduces a new family of CXL Add-in Cards for memory expansion in high-performance servers. The CXL Add-in Cards enable Data Center, Cloud Services, and HPC Providers to easily expand memory capacity for memory-intensive compute applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
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none
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News
SGH Reports Second Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
SMART Global Holdings, Inc. reported a 19% sequential increase in IPS revenue, with total revenue reaching $285 million for the second quarter of fiscal 2024. The company highlighted a shift towards becoming a high-value enterprise solutions provider and announced the appointment of Pete Manca as President of Intelligent Platform Solutions. Financially, net sales increased to $284.8 million, but GAAP EPS decreased to $(0.26), with a decline in gross margins. The company also provided a financial outlook for the third quarter of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.07%
Tags
earnings
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News
SMART Modular Technologies Introduces Zefr ZDIMM Memory Modules with Ultra-High Reliability for Demanding Compute Applications
Rhea-AI Summary
SMART Modular Technologies, a division of SGH, introduces ultra-high reliability Zefr ZDIMM memory modules for data centers and high-performance computing platforms. The modules offer superior uptime and reliability, outperforming industry standards with DPPM ranging from 200 to 300, compared to 3,000 to 5,000. SMART's Zefr screening process ensures robustness and resilience in demanding computing environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
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none
News
SGH Announces Second Quarter Fiscal 2024 Financial Conference Call
Rhea-AI Summary
SMART Global Holdings, Inc. (SGH) will host its quarterly financial webcast and conference call for its second quarter fiscal year 2024 earnings on April 9, 2024. Participants can access the live webcast and conference call through provided links and phone numbers. Financial results will be released in a press release prior to the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.07%
Tags
earnings
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News
Cree LED and Current Lighting Enter into License Agreement
Rhea-AI Summary
Cree LED, an SGH company, has entered into a patent license agreement with Current Lighting Solutions, LLC for the use of KSF/PFS red phosphor in LED products. The agreement grants Cree LED a limited, nonexclusive, and world-wide license under U.S. Patent Nos. 7,358,542; 7,453,195; 7,497,973; 7,648,649; 7,847,309; and 9,680,067. This will allow Cree LED to expand its Pro9 product options, benefiting customers across all lighting applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
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none
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News
SGH Reports First Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
SMART Global Holdings, Inc. (SGH) reported financial results for Q1 fiscal 2024, including a divestiture of SMART Brazil operations, leading to a 30% decrease in net sales. However, they achieved record gross margins and ended the quarter with $553 million in cash and short-term investments. The company also approved a $75 million share repurchase authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.34%
Tags
earnings
News
SGH Announces First Quarter Fiscal 2024 Financial Conference Call
Rhea-AI Summary
SMART Global Holdings, Inc. (SGH) to Host Quarterly Financial Webcast and Conference Call for Q1 FY24 Earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
Tags
earnings
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News
SGH Completes Sale of Majority Stake of SMART Brazil
Rhea-AI Summary
SMART Global Holdings, Inc. (SGH) announced the completion of the sale of 81% of SMART Modular Technologies do Brasil to Lexar Europe B.V. for an enterprise value of $205 million. SGH received approximately $140 million at closing and will receive a deferred payment of $28 million after eighteen months. SGH retains a 19% interest in SMART Brazil, with a put and call feature for the remaining stake between 2027 and 2029.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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none
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News
Penguin Solutions to Showcase Expertise in AI and HPC at SC23
Rhea-AI Summary
SGH (Nasdaq: SGH) Announces AI and Accelerated Computing Solutions Showcase at Supercomputing 2023 in Denver
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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AI
News
Stratus Showcases Proven Edge Computing Platforms at Automation Fair 2023
Rhea-AI Summary
Stratus Technologies, an SGH company, will participate in Rockwell Automation's Automation Fair to showcase its edge computing platforms and demonstrate the Stratus ztC Endurance platform. They will also join a panel discussion on modernizing data collection for improved decision making. Stratus will share insights on how edge computing enhances operational excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.74%
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none
Stock SGH logo
SMART Global Holdings Inc

Nasdaq:SGH

SGH Rankings

#2439 Ranked by Market Cap
#1931 Ranked by Stock Gains
N/A Ranked by Dividends

SGH Stock Data

1.01B
50.81M
1.87%
105.98%
7.71%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Cayman Islands
C O Maples Corporate Services Limited Ugland House South Church Street P O Box 309

About SGH

about smart modular technologies smart modular technologies is a global leader in specialty memory, storage and hybrid solutions serving the electronics industry for over 25 years. smart modular delivers solutions to a broad customer base, including oems that compete in the computing, networking, communications, storage, mobile and industrial markets. focused on providing extensive customer-specific design capabilities, technical support and value-added testing services, smart collaborates closely with their global oem customers throughout their design process and across multiple projects to create memory, storage and hybrid solutions for demanding applications with differentiated requirements. taking innovations from the design stage through manufacturing and supply, smart modular has developed a comprehensive product line comprised of dram, flash and hybrid memory technologies across various form factors. smart modular is part of the smart family of global companies. see http://www.s