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SMART Global Q3 2024 Earnings Report

SMART Global EPS Results

Actual EPS
$0.37
Consensus EPS
$0.30
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.46

SMART Global Revenue Results

Actual Revenue
$300.58 million
Expected Revenue
$300.00 million
Beat/Miss
Beat by +$580.00 thousand
YoY Revenue Growth
-12.70%

SMART Global Announcement Details

Quarter
Q3 2024
Time
After Market Closes

Conference Call Resources

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SMART Global Earnings Headlines

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About SMART Global

SMART Global (NASDAQ:SGH), a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. It also provides Penguin Computing that focus on technical computing for core and cloud environments through HPC and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications including high-performance products for government, health care, industrial, and telecommunications applications. In addition, the company offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and leading-edge solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, it provides LED-based products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brand. The company sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

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