SMART Global Holdings, Inc. (SGH) experienced an increase of 3.75% in the premarket. Regarding SGH stock, the company confirmed a two-for-one share split where the shares will begin trading on a post-split basis on 2nd February 2022.
Partnership of SGH with Meta – More About it
On 24th January 2022, SGH announced its involvement in delivering AI-optimized architecture and professional services for Meta’s cutting-edge AI supercomputer, the AI Research SuperCluster. Penguin Computing, as among the global leaders in HPC and AI, is working with clients to push the boundaries of Intelligence architecture for ultra-scale environments. For more than 20 years, the company has been customizing HPC and AI solutions so that the customers, like Meta, can rely on the knowledge to help them improve their innovations.
First Quarter Fiscal 2022 Results by SGH – How was the quarter?
SGH announced first-quarter fiscal 2022 results on 4th January 2022. The company reported net sales of $470 million with a GAAP gross margin of 26%. Moreover, the non-GAAP gross margin came out to be 27%. The company maintained excellent momentum in the first quarter of fiscal 2022, reaching record sales and non-GAAP gross margins while delivering non-GAAP earnings per share near the top of the target range. Last but not the least, the board of directors approved a two-for-one stock split, which will increase the liquidity and broaden the stakeholder base.
High-Performance AI Edge Camera Applications – What’s up?
On 14th December 2021, SGH updated about the new beneficial tool named Qualcomm QCS8250 system-on-chip. With compatibility for Wi-Fi 6 and 5G connectivity, this gadget is optimized for optimum performance while balancing battery economy. The SMART Wireless Inforce 68A1 SoM makes connected intelligent edge technology accessible to a broader community of developers. Last but not the least, this device is meant for reducing the time and risk of incorporating premium tier AI performance into edge camera solutions.
About SGH
SMART Wireless Computing is a pioneer in the development of elevated, manufacturing embedded software solutions for the Internet of Things (IoT) applications. Moreover, SGH’s Intelligent Platform Solutions (IPS) division includes SMART Wireless Computing. With developing technologies and creative platforms that create value, boost productivity, and unify periphery, core, and cloud, IPS is speeding up the online transition process.
