Financial Data and Key Metrics Changes - Non-GAAP gross margins increased to 28%, up 230 basis points from the year-ago quarter [6] - Non-GAAP diluted earnings per share were $0.66 on sales of $383 million [6][39] - Cash flow from operations was approximately $41 million, with cash and cash equivalents reaching a record $401 million [6][17] Business Line Data and Key Metrics Changes - IPS sales totaled $171 million, representing 45% of total sales, with a 31% increase year-over-year excluding Stratus Technologies [32] - Memory sales were $148 million, with operating margins of approximately 8% [35] - LED Solutions generated $64 million, up 15% sequentially from the previous quarter [11] Market Data and Key Metrics Changes - The LED market is showing signs of recovery, with customer design activity improving [36] - The company expects modest revenue growth in the LED segment for the fourth quarter [37] Company Strategy and Development Direction - The company is focusing on delivering high-performance, high-availability enterprise solutions, particularly in AI and HPC [24][31] - A divestiture of the majority stake in SMART Modular Brazil is aimed at refocusing on enterprise solutions [18] - The company is optimistic about growth opportunities in AI and machine learning over the next three to five years [24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging global economic environment but expressed confidence in the company's positioning for future growth [6][24] - The company anticipates that the divestiture will be accretive to non-GAAP gross margins and earnings per share [19] Other Important Information - The company reported a decrease in operating expenses due to cost containment initiatives [15] - Inventory levels decreased to $226 million, driven by reductions in IKEA and memory inventories [16] Q&A Session Summary Question: Growth in IPS business and AI interest - Management noted significant growth in the RFQ funnel, particularly from Tier 2 and Tier 3 cloud providers, and highlighted interest in financial and healthcare sectors [27] Question: AI exposure as a percentage of total revenue - Management indicated difficulty in quantifying AI revenue but estimated exposure to be over $250 million for fiscal '23 [56][70] Question: LED market trends - Management observed improving customer design activity and revenue growth in the LED segment, despite ongoing channel burn [72] Question: Brazil divestiture impact - Management stated the divestiture would be neutral to slightly positive for non-GAAP EPS and highlighted plans for capital allocation post-transaction [78][84] Question: Competitive landscape and advantages - Management emphasized the company's focus on providing customized solutions and the importance of customer relationships over hardware-only sales [66][90]

THIRD QUARTER FY23 SGH FINANCIAL RESULTS JUNE 29, 2023 SGHI Disclaimer This presentation and the oral communications made during the course of this presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning or regarding future events and SGH's future f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38102 SMART GLOBAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Cayman Islands 98-1013909 (State or other jurisdicti ...

SMART Global Holdings, Inc. (NASDAQ:SGH) Q2 2023 Earnings Conference Call April 5, 2023 4:30 PM ET Company Participants Mark Adams - Chief Executive Officer Jack Pacheco - Chief Operating Officer Ken Rizvi - Chief Financial Officer Suzanne Schmidt - Investor Relations, SMART Global Conference Call Participants Kevin Cassidy - Rosenblatt Brian Chin - Stifel Sidney Ho - Deutsche Bank Nick Doyle - Needham Operator Good afternoon. Thank you for attending today, the SMART Global Holdings Second Quarter Fiscal 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 24, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38102 SMART GLOBAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Cayman Islands 98-1013909 (State or other juris ...

SMART Global Holdings, Inc. (NASDAQ:SGH) Q1 2023 Results Conference Call January 3, 2023 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Raji Gill - Needham & Company Sidney Ho - Deutsche Bank Operator Good afternoon. Thank you for attending the SGH First Quarter Fiscal 2023 Earnings Call. My name is Matt, and I’ll be your moderator for today’s call. All lines will be muted during the ...

Financial Performance - Total net sales for the three months ended November 25, 2022, were $465.5 million, a slight decrease from $469.9 million in the same period of 2021, representing a 0.5% decline[13] - Gross profit for the same period was $118.4 million, down from $122.2 million year-over-year, indicating a decrease of approximately 3.2%[13] - Operating income decreased to $17.6 million from $34.8 million, reflecting a decline of 49.5% compared to the prior year[13] - Net income attributable to SGH for the three months ended November 25, 2022, was $5.0 million, a significant drop from $20.0 million in the same period of 2021, representing a decrease of 75.1%[13] - Net income for the three months ended November 25, 2022, was $5.324 million, a decrease of 74.3% compared to $20.698 million for the same period in 2021[18] - Basic earnings per share for the quarter were $0.10, down from $0.41 in the same quarter of 2021[92] - Total segment operating income for the three months ended November 25, 2022, was $54.8 million, down from $69.2 million in the prior year[95] Expenses and Costs - Research and development expenses increased to $24.1 million, up from $17.7 million, marking a rise of 36.9% year-over-year[13] - The company reported a depreciation expense of $19.789 million for the three months ended November 25, 2022, compared to $15.813 million for the same period in 2021[18] - Share-based compensation expense for the three months ended November 25, 2022, was $10.412 million, slightly up from $9.775 million in the same period of 2021[18] - Share-based compensation expense increased to $10.4 million from $9.8 million year-over-year[79] - The company recorded a restructure charge of $2.0 million in connection with workforce reductions and project eliminations[85] Assets and Liabilities - Total assets as of November 25, 2022, were $1.8 billion, an increase from $1.6 billion as of August 26, 2022, reflecting a growth of 15.0%[12] - Long-term debt rose to $797.0 million from $591.4 million, indicating an increase of 34.8%[12] - Cash and cash equivalents decreased to $324.8 million from $363.1 million as of August 26, 2022[12] - Accounts receivable increased by $129.695 million during the three months ended November 25, 2022, while inventories decreased by $82.882 million[18] - As of November 25, 2022, total inventories amounted to $416.082 million, with raw materials at $179.520 million, work in process at $78.048 million, and finished goods at $158.514 million[35] Acquisitions and Investments - The company completed the acquisition of Stratus Technologies on August 29, 2022, for a cash purchase price of $225 million, with potential contingent consideration of up to $50 million based on performance[25] - The provisional fair value of the net assets acquired from Stratus Technologies is estimated at $263.046 million, with goodwill of $125.929 million assigned to the IPS segment[30] - The fair value of the contingent consideration (Earnout) at the acquisition date was estimated at $20.8 million, based on a Monte Carlo simulation analysis[26] - As of November 25, 2022, the fair value of the Earnout was adjusted to $24.5 million, reflecting updated estimates of Stratus Technologies' gross profit[27] - The company capitalized $126.4 million for intangible assets in the first quarter of 2023, primarily related to the acquisition of Stratus Technologies[40] Cash Flow and Financial Position - Cash flows from operating activities resulted in a net cash outflow of $73.985 million for the three months ended November 25, 2022, compared to a net cash inflow of $15.146 million for the same period in 2021[18] - Total cash, cash equivalents, and restricted cash at the end of the period was $327.621 million, down from $363.065 million at the beginning of the period[18] - The company had receivables for earned but unused financial credits of $19.0 million as of November 25, 2022, which can be utilized through December 2027[68] Market and Economic Conditions - The company anticipates continued challenges due to supply chain disruptions and macroeconomic factors affecting customer demand[7] - The company anticipates continued challenges due to macroeconomic factors, including supply chain disruptions and foreign currency fluctuations[8] Segment Performance - Memory Solutions segment reported net sales of $192.0 million, down 20% from $239.4 million in the prior year[95] - Intelligent Platform Solutions segment saw a significant increase in net sales to $211.0 million, up 78% from $118.7 million in the previous year[95] - LED Solutions segment net sales decreased to $62.5 million, down 44% from $111.9 million in the same quarter last year[95]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 26, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38102 SMART GLOBAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Cayman Islands 98-1013909 (State or other jurisdiction of ...

SMART Global Holdings, Inc. (NASDAQ:SGH) Q4 2022 Earnings Conference Call October 10, 2022 4:30 PM ET Company Participants Suzanne Schmidt - Head of IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Brian Chin - Stifel Tom O'Malley - Barclays Raji Gill - Needham & Company Sidney Ho - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Presentation Operator Good afternoon, everyone. Welcome to the SGH Fourth Quarter Fiscal 2022 Earnings Call. My name is Don Tan, I'll be your operator for today ...

FOURTH QUARTER AND FULL YEAR FY22 SGH FINANCIAL RESULTS October 4, 2022 SGHI © 2022 SGH | 1 Disclaimer This presentation and oral communications made during the course of this presentation will contain "forward-looking statements," including, among other things, statements regarding future events and the future financial performance of SGH (including the business outlook for the next fiscal quarter) and statements regarding growth drivers in SGH's industries and markets. These forward-looking statements are ...