On this page of StockholderLetter.com we present the latest annual shareholder letter from SMART Global Holdings, Inc. — ticker symbol SGH. Reading current and past SGH letters to shareholders can bring important insights into the investment thesis.
Annual Report 2024

Solving complexity.
Accelerating results.
Enabling Our Customers to Harness
the Power of Accelerated Computing
With over two decades of experience as trusted advisors
to our valued customers, Penguin Solutions is an end-toend solutions provider helping solve complex challenges in
computing, memory, and LED solutions.
Penguin Solutions designs, builds, deploys, and manages highperformance, high-availability enterprise solutions, allowing
customers to achieve breakthrough innovations.
Penguin Solutions
2024 Annual Report
1
Our Business
Segments
Penguin Solutions is
dedicated to solving
complex challenges in:
2
Advanced Computing
Our Advanced Computing segment offers high-performance, high-availability, fault-tolerant integrated
computing platforms and services for arti  cial intelligence   A*  , accelerated computing, machine learning
  >8  , and the internet of things   *o]   that span the continuum of edge, core, and cloud   mithin our Advanced
Computing segment,   e have t  o main product brands  Penguin Wolutions   and Wtratus     Our Penguin
Solutions product offerings include the design, build, deployment, and management of advanced computing
solutions in (PC and A*   Our Stratus product brand offers simpli  ed, protected, and autonomous faulttolerant computing solutions in the data center and at the edge  
Integrated Memory
Our *ntegrated >emory segment enables high-performance, high-availability computing solutions through
the design, development, and advanced packaging of specialty memory and storage solutions under
the S>AS] >odular ]echnologies   brand   Products include dynamic random-access memory    SA>  
modules, solid-state    ash storage, and other advanced integrated memory solutions critical to net  orking
and telecom, data analytics, A*, and >8   Our *ntegrated >emory segment also offers S>AS] Supply Chain
Services, which provides customized, integrated supply chain services to enable our customers to better
manage supply chain planning and e  ecution, reduce costs, and increase productivity  
Optimized LED
Our Optimized 8   segment offers a broad portfolio of application-optimized 8  s focused on improving
lumen density, intensity, ef  cacy, optical control, and  or reliability   acked by e  pert design assistance
and superior sales support, our Optimized 8   products enable our customers to develop and market
8  -based products for lighting, video screens, and specialty lighting applications   ]his business segment,
which operates under the Cree 8     brand, has been a leader in the 8   lighting technology industry for
over      years  
Penguin Solutions
2024 Annual Report
3
 • shareholder letter icon 12/20/2024 Letter Continued (Full PDF)
 • stockholder letter icon 12/19/2023 SGH Stockholder Letter
 • stockholder letter icon More "Miscellaneous" Category Stockholder Letters
 • Benford's Law Stocks icon SGH Benford's Law Stock Score = 94


SGH Shareholder/Stockholder Letter Transcript:

Annual Report 2024


Solving complexity.
Accelerating results.
Enabling Our Customers to Harness
the Power of Accelerated Computing
With over two decades of experience as trusted advisors
to our valued customers, Penguin Solutions is an end-toend solutions provider helping solve complex challenges in
computing, memory, and LED solutions.
Penguin Solutions designs, builds, deploys, and manages highperformance, high-availability enterprise solutions, allowing
customers to achieve breakthrough innovations.
Penguin Solutions
2024 Annual Report
1

Our Business
Segments
Penguin Solutions is
dedicated to solving
complex challenges in:
2

Advanced Computing
Our Advanced Computing segment offers high-performance, high-availability, fault-tolerant integrated
computing platforms and services for arti  cial intelligence   A*  , accelerated computing, machine learning
  >8  , and the internet of things   *o]   that span the continuum of edge, core, and cloud   mithin our Advanced
Computing segment,   e have t  o main product brands  Penguin Wolutions   and Wtratus     Our Penguin
Solutions product offerings include the design, build, deployment, and management of advanced computing
solutions in (PC and A*   Our Stratus product brand offers simpli  ed, protected, and autonomous faulttolerant computing solutions in the data center and at the edge  
Integrated Memory
Our *ntegrated >emory segment enables high-performance, high-availability computing solutions through
the design, development, and advanced packaging of specialty memory and storage solutions under
the S>AS] >odular ]echnologies   brand   Products include dynamic random-access memory    SA>  
modules, solid-state    ash storage, and other advanced integrated memory solutions critical to net  orking
and telecom, data analytics, A*, and >8   Our *ntegrated >emory segment also offers S>AS] Supply Chain
Services, which provides customized, integrated supply chain services to enable our customers to better
manage supply chain planning and e  ecution, reduce costs, and increase productivity  
Optimized LED
Our Optimized 8   segment offers a broad portfolio of application-optimized 8  s focused on improving
lumen density, intensity, ef  cacy, optical control, and  or reliability   acked by e  pert design assistance
and superior sales support, our Optimized 8   products enable our customers to develop and market
8  -based products for lighting, video screens, and specialty lighting applications   ]his business segment,
which operates under the Cree 8     brand, has been a leader in the 8   lighting technology industry for
over      years  
Penguin Solutions
2024 Annual Report
3



shareholder letter icon 12/20/2024 Letter Continued (Full PDF)
 

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