SMART Global Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 01, 2024
April 09, 2024 at 04:05 pm EDT
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SMART Global Holdings, Inc. reported earnings results for the second quarter and six months ended March 01, 2024. For the second quarter, the company reported sales was USD 284.82 million compared to USD 388.38 million a year ago. Revenue was USD 284.82 million compared to USD 388.38 million a year ago. Net loss was USD 13.62 million compared to USD 27.22 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.68 a year ago. Basic loss per share was USD 0.26 compared to USD 0.55 a year ago. Diluted loss per share was USD 0.26 compared to USD 0.55 a year ago.
For the six months, sales was USD 559.07 million compared to USD 780.17 million a year ago. Revenue was USD 559.07 million compared to USD 780.17 million a year ago. Net loss was USD 33.54 million compared to USD 22.23 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.76 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 0.76 a year ago. Basic loss per share was USD 0.64 compared to USD 0.45 a year ago. Diluted loss per share was USD 0.64 compared to USD 0.45 a year ago.
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.
SMART GLOBAL HOLDINGS, INC. 
