Naweed & Kamran Research
July 10, 2023

SMART Global Holdings Inc.’s net sales decreased17.1%, in the third quarter of 2023 compared to the same period in the prior year, and 7.5%, for the first nine months of 2023 compared to the same period in the prior year.

Even though the company has three very diversified business segments that provide a natural hedge against downturns in any particular industry, broader macro-economic trends, such as the COVID-19 pandemic, can adversely affect all three segments simultaneously. 

Currently, the company is facing the following headwinds:

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