SMART Global Holdings Inc. (OQ:SGH)
Business Focus: Memory Chips (RAM)
| Sector: Technology | Industry: Semiconductors |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 39870 Eureka Drive NEWARK CA 94560-4809 |
| Tel: | N/A |
| Website: | https://ir.smartm.com |
| IR: | See website |
| Key People | ||
| Mark W. Adams President, Chief Executive Officer, Director | Ken Rizvi Chief Financial Officer, Senior Vice President | Pete Manca President - Intelligent Platform Solutions |
| Jack A. Pacheco Chief Operating Officer, Executive Vice President, SGH and President, Memory Solutions | Anne Kuykendall Senior Vice President, Chief Compliance Officer | Joseph Clark Senior Vice President, President - LED Solutions Business |
| Business Overview |
| SMART Global Holdings, Inc. is engaged in designing and developing enterprise solutions that help its customers. The Company is focused on serving its customers by providing technical knowledge and expertise, custom design engineering, and build-to-order flexibility. Its segments include Memory Solutions, Intelligent Platform Solutions (IPS) and light emitting diode (LED) Solutions. The Memory Solutions segment, under its SMART Modular brand, provides memory solutions through the design, development and packaging of leading-edge to extended lifecycle products. The IPS segment, under its Penguin Solutions and Stratus Technologies brands, offers specialized platform solutions and services for computing, artificial intelligence, machine learning, advanced modeling and the Internet of things. The LED Solutions segment, under its CreeLED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. |
| Financial Overview |
| For the 27 weeks ended 01 March 2024, SMART Global Holdings Inc. revenues decreased 28% to $559.1M. Net loss before extraordinary items decreased 32% to $25.4M. Revenues reflect Intelligent Platform Solutions segment decrease of 40% to $260.2M, Memory Solutions segment decrease of 37% to $169M. Lower net loss reflects LED Solutions segment loss decrease of 87% to $210K. |
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