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 ...

Financial Performance - For the three months ended May 27, 2022, net sales increased to $462.54 million, up from $437.73 million in the same period last year, representing a growth of 5.9%[18] - Gross profit for the three months ended May 27, 2022, was $114.46 million, compared to $84.49 million for the same period in 2021, reflecting a significant increase of 35.4%[18] - Operating income for the three months ended May 27, 2022, rose to $35.31 million, compared to $2.89 million in the prior year, indicating a substantial improvement[18] - Net income attributable to SGH for the three months ended May 27, 2022, was $24.11 million, a turnaround from a net loss of $7.21 million in the same quarter of 2021[18] - The company reported a basic earnings per share of $0.48 for the three months ended May 27, 2022, compared to a loss per share of $0.15 in the prior year[18] - Comprehensive income attributable to SGH for the three months ended May 27, 2022, was $42.92 million, compared to a loss of $4.64 million in the same quarter of 2021[21] - Net income for the nine months ended May 27, 2022, was $48,165 thousand, a significant increase from $1,217 thousand in the same period of 2021[29] Assets and Liabilities - Total current assets increased to $1.17 billion as of May 27, 2022, from $950.82 million as of August 27, 2021, marking a growth of 23.0%[15] - Total liabilities rose to $1.15 billion as of May 27, 2022, compared to $1.03 billion as of August 27, 2021, reflecting an increase of 12.5%[15] - Total assets as of May 27, 2022, increased to $1.55 billion, up from $1.34 billion as of August 27, 2021, representing a growth of 15.6%[15] - The company reported total equity of $399,069,000 as of May 27, 2022, an increase from $392,602,000 as of the previous period[24] Cash Flow and Investments - Cash flows from operating activities provided $84,025 thousand, compared to $105,328 thousand in the prior year, indicating a decrease of approximately 20.2%[29] - The company reported a net cash increase of $164,340 thousand, up from $38,181 thousand in the previous year, reflecting a growth of 329.5%[29] - Cash and cash equivalents increased to $387.33 million as of May 27, 2022, from $222.99 million as of August 27, 2021, marking an increase of 73.5%[15] - The company reported capital expenditures of $29,298,000 for the nine months ended May 27, 2022, down from $40,017,000 in the same period of 2021, reflecting a reduction of about 26.5%[29] Research and Development - The company invested $20.30 million in research and development for the three months ended May 27, 2022, up from $16.72 million in the same period last year, an increase of 21.0%[18] - Research and development expenses rose by $3.6 million, or 21.4%, in Q3 2022, and by $24.2 million, or 74.4%, for the first nine months of 2022 compared to the same period in the prior year[149] Shareholder Activities - The company issued 1,243 shares under equity plans, resulting in an increase of $4,389,000 in additional paid-in capital[24] - SMART Global Holdings repurchased ordinary shares amounting to $(13,905,000) during the period ending May 27, 2022[24] - The company reported a treasury stock value of $(67,345,000) as of May 27, 2022, reflecting ongoing share repurchase activities[24] Acquisitions and Future Plans - The acquisition of Stratus Technologies is expected to close by the end of calendar year 2022, with a cash purchase price of $225 million and potential contingent consideration of up to $50 million based on performance[34][36] - The acquisition of the LED Business from Cree, Inc. was completed for a total consideration of $72.4 million in cash and a promissory note of $125 million, with potential earn-out payments based on performance[130][131] Segment Performance - Memory Solutions segment reported net sales of $265.85 million for the three months ended May 27, 2022, an increase of 10.5% from $240.12 million in the same period of 2021[124] - Intelligent Platform Solutions segment achieved net sales of $95.35 million for the three months ended May 27, 2022, slightly down from $95.86 million in the prior year[124] - LED Solutions segment generated net sales of $101.35 million for the three months ended May 27, 2022, consistent with $101.76 million in the same period of 2021[124] Economic and Market Conditions - The global semiconductor shortage has adversely affected the company's operating results, highlighting the risks associated with reliance on third-party suppliers[137] - The company anticipates that macro-economic factors, including the COVID-19 pandemic, may impact demand across its business segments, particularly in Brazil[134] Accounting and Compliance - The company adopted several accounting standards in 2022, including ASU 2021-08, which had no significant impact on financial statements[37] - A share dividend was declared on January 3, 2022, with one ordinary share for every one outstanding ordinary share, impacting the financial statements accordingly[36]

SMART Global Holdings, Inc. (NASDAQ:SGH) Q3 2022 Earnings Conference Call June 29, 2022 4:30 PM ET Company Participants Suzanne Schmidt - Head of IR Mark Adams - CEO Ken Rizvi - CFO Conference Call Participants Tom O'Malley - Barclays Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Sidney Ho - Deutsche Bank Raji Gill - Needham & Company Suzanne Schmidt Thank you, operator. Good afternoon, and thank you for joining us on today's earnings conference call and webcast to discuss SGH's third quarter fi ...

Financial Performance - SGH achieved revenue of $463 million, a 6% increase compared to the year-ago quarter[10, 19] - GAAP gross margin was 25%, up approximately 540 basis points year-over-year, while non-GAAP gross margin was 26%, up approximately 380 basis points year-over-year[10, 19] - Non-GAAP EPS reached $0.87, a 24% increase year-over-year[10, 19] - Q3 FY22 net sales were $462.5 million compared to $437.7 million in Q3 FY21[22] - Cash and equivalents at the end of Q3 FY22 were $387 million, compared to $366 million at the end of Q2 FY22[26] Business Segment Performance - Intelligent Platform Solutions (IPS) revenue increased 16% sequentially to $95 million, with services revenue up 61% sequentially to a record $34 million[14] - Memory Solutions revenue increased 11% year-over-year to $266 million[14] - LED Solutions revenue was $101 million, slightly down from $102 million in the year-ago quarter[14] Acquisition and Future Outlook - SGH announced the acquisition of Stratus Technologies, expected to close by calendar year-end 2022, which has over $150 million in annual revenue, including over $80 million of higher-margin services revenue[10] - Q4 FY2022 net sales guidance is $420 to $460 million[30] - Q4 FY2022 diluted EPS guidance is $0.65 +/- $0.10 on a non-GAAP basis[30]

SGH - A PLATFORM FOR GROWTH NASDAQ: SGH JUNE 2022 SGHI | --- | --- | --- | --- | |--------|-------|-------|---------------------| | | | | | | AGENDA | | 02 | How We Got Here | | | | 03 | The Results | | | | 04 | Where We're Going 2 | SGH at a Glance 3 | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|---------------- ...

Financial Performance - SGH's Q2 FY22 revenue reached $449 million, a 48% increase year-over-year[10,20] - Non-GAAP EPS increased significantly to $0.87, up 98% year-over-year[10,20] - GAAP gross margin was 25%, an increase of approximately 750 basis points year-over-year[10] - Non-GAAP gross margin was 26%, an increase of approximately 660 basis points year-over-year[10,20] - Intelligent Platform Solutions YTD FY22 revenue was $201 million, up 33% compared to the previous year[12] - Memory Solutions Q2 FY22 revenue was $260 million, a 9% increase compared to Q1 FY22 and a 19% increase compared to Q2 FY21[16] - LED Solutions Q2 FY22 revenue was $107 million, with product revenues up approximately 5% compared to the previous year's quarter[14] - Q3 FY22 revenue is projected to be between $435 million and $475 million[33] - Q3 FY22 Non-GAAP diluted EPS is expected to be $0.75 ± $0.08[33] Balance Sheet - Working capital increased from $344.1 million in Q1 FY22 to $385.9 million in Q2 FY22[29] - Cash and equivalents increased from $233.1 million in Q1 FY22 to $365.8 million in Q2 FY22[29] Share Repurchase - SGH announced a $75 million share repurchase authorization[10]

SMART Global Holdings, Inc. (NASDAQ:SGH) Q2 2022 Earnings Conference Call April 5, 2022 4:30 PM ET Company Participants Suzanne Schmidt - Head of Investor Relations Mark Adams - President & Chief Executive Officer Ken Rizvi - Senior Vice President & Chief Financial Officer Jack Pacheco - Chief Operating Officer Conference Call Participants Brian Chin - Stifel Tom O'Malley - Barclays Kevin Cassidy - Rosenblatt Securities Sidney Ho - Deutsche Bank Raji Gill - Needham & Company Operator Ladies and gentlemen, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 25, 2022 OR o 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 (St ...