Trade Penguin Solutions Inc - PENG CFD

Smart Global Company profile

About SMART Global Holdings Inc.

SMART Global Holdings, Inc. is focused on the design and manufacture of specialty solutions for the computing, memory and light emitting diode (LED) markets. The Company is organized into three lines of business: Memory Solutions, Intelligent Platform Solutions (IPS) and LED Solutions. Its Memory Solutions group provides memory solutions through the design, development and packaging of extended lifecycle products. These products are tailored to meet customer-specific requirements across networking and communications, enterprise storage, computing and other vertical markets. The Company's IPS group consists of Penguin Computing and Penguin Edge. Penguin Computing offers specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. Penguin Edge offers solutions for embedded and wireless applications. The Company's LED Solutions group offers a range of application-optimized LEDs.

Financial summary

BRIEF: For the 13 weeks ended 26 November 2021, SMART Global Holdings Inc. revenues increased 61% to $469.9M. Net income increased from $2M to $20M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Stock-based Compensation in SGA decrease of 31% to $6.5M (expense), Other increase of 22% to $232K (income).