Newest product recognized by consortium confirms SMART's role as emerging technology leader 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 E3.S 2T 128GB CMM (Compute Express Link® Memory Module) has been officially added to the CXL Consortium's Integrator List. This achievement complements the existing listing of SMART's 4-DIMM and 8-DIMM CXL memory Add-in Cards (AICs), further solidifying the company's commitment to delivering high-quality, interoperable memory solutions. This press release features multimedia. View the fu

Revenue up 28% compared with year-ago quarter Company raises midpoint of annual revenue outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer ("COO") and President of Integrated Memory Jack Pacheco. Second Quarter Fiscal 2025 Highlights Net sales of $366 million, up 28.3% versus the year-ago quarter GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter GAAP diluted EPS of $0.09 versus $(0.26) in the y

New module provides persistent memory that enables checkpointing, snapshotting and low latency write cache for demanding data center compute and storage applications 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, announced today it is now sampling its redefined Non-Volatile CXL Memory Module (NV-CMM) to Tier 1 OEMs based on the CXL® 2.0 standard. This innovative product combines non-volatile high-performance DRAM memory, persistent flash memory and an energy source in a single removable EDSFF form factor to deliver superior reliability and servi

Penguin Solutions, Inc. (NASDAQ:PENG) ("Penguin Solutions" or the "Company"), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that its Board of Directors (the "Board") has approved a plan to redomicile the parent company of the Penguin Solutions group of companies from the Cayman Islands to the United States. "While our incorporation in the Cayman Islands has served us and our shareholders well for many years, we believe the redomiciliation of Penguin Solutions to the United States will further our strategic objectives and reflects our increased business and operational focus in the United States," said Mark Adams, Chief Executi

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 second quarter fiscal year 2025 earnings after market close on Wednesday, April 2, 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 Q2 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428

New multi-tenancy support, simplified workflows and controls, and predictive automation enable enterprises to rapidly and effectively manage and optimize AI infrastructure at scale Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced the expansion of its ICE ClusterWare™ software platform, (formerly Scyld ClusterWare®) with multi-tenancy support, streamlined workflows, and enhanced controls to help enterprises build fully optimized AI ecosystems that scale seamlessly—known as Intelligent Compute Environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250304897051/en/Penguin Solutions' ICE ClusterWare so

Optimized for large-scale growing operations, new LEDs reset the standard for efficiency and durability while offering a seamless upgrade path Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), has introduced the new XLamp® XP-L Photo Red S Line LEDs, a groundbreaking advancement in horticulture lighting technology. Designed to deliver exceptional efficiency, exceptional durability and seamless system upgrades, these LEDs are optimized for high-performance applications in greenhouses, vertical farms, and other large-scale growing operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250211761455/en/Cree LED's XLamp XP-L

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

SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)

SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)

Revenue up 28% compared with year-ago quarter Company raises midpoint of annual revenue outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer ("COO") and President of Integrated Memory Jack Pacheco. Second Quarter Fiscal 2025 Highlights Net sales of $366 million, up 28.3% versus the year-ago quarter GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter GAAP diluted EPS of $0.09 versus $(0.26) in the y

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 second quarter fiscal year 2025 earnings after market close on Wednesday, April 2, 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 Q2 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428

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

Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00

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

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)