Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025. First Quarter Fiscal 2025 Highlights Net sales of $341 million, up 24.4% versus the year-ago quarter GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter "Our strong performance this quarter, highl

Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2025 earnings after market close on Wednesday, January 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q1 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-14

Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00

JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00

Goldman initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $21.00

Needham reiterated coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00 from $35.00 previously

Inclusion highlights SMART Modular's role as a leader in emerging memory technology SMART Modular Technologies®, Inc. ("SMART"), a Penguin Solutions®, Inc. brand (Nasdaq: PENG) and a global leader in integrated memory solutions, solid-state drives, and hybrid storage products, today announced that its 4-DIMM and 8-DIMM CXL® (Compute Express Link®) memory Add-in Cards (AICs) have successfully passed CXL 2.0 compliance testing. These products are now officially listed on the CXL Consortium's Integrators' List, marking a significant milestone in the company's commitment to delivering high-quality, interoperable memory solutions. This press release features multimedia. View the full release

Collaboration expected to provide technology and capabilities to deliver comprehensive AI data center solutions and services to expanded geographic regions Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced it has entered into a strategic collaboration agreement with SK Telecom ("SKT") and SK hynix to pursue the development and delivery of comprehensive AI data center ("AIDC") solutions. The agreement, signed during CES 2025 in Las Vegas, follows the December closing of SKT's $200 million strategic investment in Penguin Solutions as the AI infrastructure market continues to gain traction across a broad array of industries. This press release features multimedia. Vi

Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025. First Quarter Fiscal 2025 Highlights Net sales of $341 million, up 24.4% versus the year-ago quarter GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter "Our strong performance this quarter, highl

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of California against ADJ Products, LLC (ADJ). The lawsuit asserts that ADJ has infringed Cree LED's rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358. Cree LED specializes in delivering a broad portfolio of high-performance LED chips and components to its customers. Cree LED, together with its predecessor, Cree, Inc., has a thirty-five-year track record of innovations

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED's patented technology for the duration of the agreement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217464919/en/Daktronics licenses Cree LED's patented technology in a multi-year global agreement announced today. (Photo: Business Wire) With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering the

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced the closing of the previously announced strategic investment of SK Telecom ("SKT") (NYSE:SKM), an affiliate of SK Group. SKT, through Astra AI Infra LLC, a special purpose vehicle formed by SKT to consummate the Investment, has acquired 200,000 convertible preferred shares, par value $0.03 per share, of Penguin Solutions (the "CPS"), at a purchase price of $1,000 per share (the "Investment"). The CPS are convertible into ordinary shares, par value $0.03 per share, of Penguin Solutions (the "Ordinary Shares"), at a convers

Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2025 earnings after market close on Wednesday, January 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q1 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-14

Live mini-factory demonstration with smart manufacturing stack to highlight pre-validated cybersecurity solutions on the Stratus ztC Edge platform Stratus® Technologies, a Penguin Solutions (NASDAQ:PENG) brand and a global leader in simplified, protected, and autonomous computing platforms, today announced its participation at Rockwell Automation's Automation Fair, November 18-21 in Anaheim, CA. In addition to showcasing its fault tolerant, zero-touch computing platforms, Stratus will join a panel session on critical infrastructure and demonstrate several partnerships and collaborations. This includes pre-validated cybersecurity applications from Fortinet, Claroty, and Rockwell Automation

Options using the latest generation of NVIDIA and AMD GPUs and Dell AI-optimized hardware are fully-validated with Penguin's ClusterWare software and end-to-end services Penguin Solutions™, Inc. (Nasdaq: PENG) today announced the addition of the latest NVIDIA and AMD GPUs as well as Dell Technologies AI-optimized hardware to its OriginAI® infrastructure solution. This validated, pre-defined set of AI infrastructure architectures matches best-in-class GPU servers, networking, and storage options with Penguin Solutions' intuitive, intelligent cluster management software and world-class design, build, deploy and manage services. Using the OriginAI solution, organizations can rapidly deploy A

New servers offer CPUs with leading 192 core count and memory processing for compute-intensive HPC and mixed-use AI workloads Penguin Solutions™, Inc. (Nasdaq: PENG) today announced availability of its new Altus® servers powered by AMD EPYC™ 9005 Series processors featuring 192 core count and 12 channels of DDR5 memory tailored to run HPC applications at the highest level of performance. Powered by these latest AMD EPYC processors, Penguin Solutions Altus servers offer best in-class price-to-performance value, and are an ideal match to architect HPC and AI infrastructure, including AI clusters that support mixed-use workloads. This press release features multimedia. View the full release

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10-K - Penguin Solutions, Inc. (0001616533) (Filer)