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Penguin Solutions, Inc. reports company developments across high-performance computing, AI infrastructure, memory and LED technology businesses. Recurring updates include ICE ClusterWare software for AI and HPC cluster management, Stratus ztC Endurance fault-tolerant computing platforms, SMART Modular memory and storage products, and Cree LED intellectual-property and licensing activity.
News also covers financial results, strategic AI data center collaborations, convertible preferred equity financing, and product compliance milestones such as CXL memory add-in card interoperability. The company’s operating focus spans accelerated computing infrastructure, high-availability enterprise systems, integrated memory solutions, solid-state drives, hybrid storage products and LED chips and components.
SMART Wireless Computing, a business of SGH (Nasdaq: SGH), has launched the Inforce 6403, a new system-on-module (SoM) designed for intelligent display devices and AI applications. Powered by the Qualcomm QCS610, the Inforce 6403 supports 4K UltraHD video capabilities and features advanced connectivity options, making it ideal for IoT edge devices like smart cameras and displays. With a compact design, it enables efficient video analytics including face detection and object tracking. Samples will be available for order starting mid-November, priced at $139.
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SMART Global Holdings, Inc. (SGH) reported record revenue for Q4 and FY21, with net sales reaching $467.7 million, a 57% increase year-over-year. GAAP EPS surged 160% to $0.78, while non-GAAP EPS climbed 163% to $2.16. For the fiscal year, total net sales were $1.5 billion, a 34% rise, with GAAP EPS of $0.83 compared to a loss last year. The outlook for Q1 FY22 estimates net sales between $440 and $480 million and diluted EPS of $1.20 ± $0.20, reflecting SGH’s growth trajectory.
SMART Global Holdings (NASDAQ: SGH) announced a rebranding to strengthen its identity and align with its operational strategy. This change reflects SGH’s evolution and its acquisition of CreeLED, Inc.. The company now emphasizes a unified purpose: Powering growth. Expanding possibilities. SGH aims to support its individual brands—Penguin Computing, SMART Modular, and Cree LED—under a common set of values. The new branding symbolizes SGH’s commitment to delivering customer value and driving progress in technology and innovation.
SMART Global Holdings (SGH) appointed Penny Herscher to its board of directors and as a member of the Nominating and Governance Committee effective September 24, 2021. Herscher brings over 15 years of experience as a high-tech CEO in Silicon Valley and has served on various public company boards. Her expertise is expected to enhance the board's perspective and support SGH's growth initiatives. CEO Mark Adams expressed optimism regarding her contribution to the company's future strategies.
SMART Global Holdings (SGH) will announce its financial results for Q4 and fiscal year 2021 after market close on October 12, 2021. A conference call and webcast will be held at 1:30 p.m. PDT / 4:30 p.m. EDT to discuss the results and future outlook. The company is focused on high-performance computing, wireless and embedded technologies, and aims to build long-term partnerships across various sectors.
SMART Global Holdings (SGH), listed on Nasdaq, announced participation in two upcoming investor events. The Canaccord Genuity 41st Annual Growth Conference will take place on August 12, 2021, followed by the Rosenblatt Technology Summit: The Age of AI Scaling Conference on August 24, 2021. SGH specializes in electronics for computing, memory, and LED solutions, serving enterprise, government, and OEM sectors with high-quality products and services.
SMART Modular Technologies, a leader in memory solutions, has unveiled new DDR5 modules designed for industrial applications. These modules feature enhanced endurance and stability, supported by rigorous testing processes to ensure reliability at extreme temperatures (-40°C to +85°C). SMART’s DDR5 modules provide twice the performance of DDR4 while improving power efficiency, suited for a range of applications including defense and telecom equipment. The product line includes unbuffered and registered DIMMs in various densities, emphasizing the company’s commitment to high-performance computing.
SMART Global Holdings, Inc. (SGH) announced the pricing of a public offering of 3,000,000 ordinary shares by certain selling shareholders affiliated with Silver Lake at $51.00 per share. The Company will not sell any shares nor receive any proceeds from this offering. Morgan Stanley & Co. LLC is the sole underwriter. The offering is made under an effective shelf registration statement filed with the SEC. Interested investors should consult the prospectus and other relevant documents for detailed information.
SMART Global Holdings (SGH) has announced a proposed underwritten public offering of 3,000,000 ordinary shares, initiated by certain selling shareholders affiliated with Silver Lake. The Company will not sell any shares nor will it receive proceeds from this offering. Morgan Stanley & Co. LLC will act as the sole underwriter. The offering is made under an effective shelf registration statement filed with the SEC on September 20, 2018. Full details will be available in the prospectus supplement and accompanying prospectus.