Summary
SGH Chart
This Tech Stock Can Set a Multiyear High with AI-Powered Growth
SMART Global Holdings' NASDAQ: SGH repositioning efforts have set it up to achieve record-high share prices soon. The company's Q3 results aren't perfect, but include critical details that will support the market over time.
SMART Global Holdings, Inc. (SGH) Q3 2024 Earnings Call Transcript
SMART Global Holdings, Inc. (NASDAQ:SGH ) Q3 2024 Earnings Conference Call July 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - President & CEP Jack Pacheco - COO & President, Memory Solutions Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nicolas Doyle - Needham Operator Good afternoon. Thank you for attending today's SGH Third Quarter Final 2024 Earnings Call.
SMART Global Holdings, Inc. (SGH) Surpasses Q3 Earnings and Revenue Estimates
SMART Global Holdings, Inc. (SGH) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.66 per share a year ago.
SMART Global Holdings Inc Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Carmen McClennon WR Wealth Planners, LLC | 500 | $9,595 | $9,595 | - | - |
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SMART Global Holdings Inc Profile
| - Industry | - Sector | Mr. Mark W. Adams CEO | NASDAQ (NGS) Exchange | G8232Y101 CUSIP |
| US Country | 3,000 Employees | - Last Dividend | 2 Feb 2022 Last Split | 24 May 2017 IPO Date |
Overview
SMART Global Holdings, Inc. stands as a distinguished entity within the tech sector, primarily focusing on memory-related products and enterprise solutions across a global landscape, with operations spanning the United States, China, Europe, and beyond. The company caters to a diverse array of needs, from dynamic random access memory (DRAM) modules to advanced memory solutions aimed at enhancing the capabilities of networking, telecom, data analytics, AI, and machine learning initiatives. Incorporated in 1988 and based in Milpitas, California, SMART Global Holdings has made significant strides in offering comprehensive supply chain services, which include procurement, logistics, programming, and customized packaging, thereby positioning itself as a crucial partner for original equipment manufacturers, governments, and enterprises alike.
Products and Services
- Memory Solutions:
This segment delivers an extensive range of dynamic random access memory modules, solid-state drives, flash storage, and other sophisticated memory solutions. These products are tailored to meet the high-performance requirements of networking, telecom, data analytics, and machine learning applications.
- Intelligent Platform Solutions:
Under this umbrella, SMART Global Holdings offers Penguin Computing, which is renowned for its high-performance computing (HPC) and artificial intelligence solutions geared towards core and cloud environments. Additionally, Penguin Edge offers cutting-edge edge computing solutions aimed at embedded and wireless applications across various sectors including government, healthcare, and telecommunications.
- LED Solutions:
The company's LED Solutions segment includes high-quality LED-based products, such as blue and green LED chips made from gallium nitride and other materials under the Cree LED brand. It also features surface mount devices under the Cree LED XLamp and J Series brands, catering to a wide array of industries such as education, energy, and manufacturing.
- Supply Chain Services:
SMART Global Holdings extends beyond product manufacturing to provide comprehensive supply chain services, encompassing procurement, logistics, inventory management, programming, kitting, and packaging. This suite of services ensures a streamlined process for delivering complex memory and computing solutions to original equipment manufacturers and end customers.
- Stratus Computing Solutions:
Stratus is a part of SMART Global Holdings' offering, emphasizing simplified, protected, and autonomous fault-tolerant computing solutions. These hardware and software services are designed for data centers and edge computing, delivering reliability and uptime for critical applications in various markets including the financial services and health care sectors.
