Penguin Solutions, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Kash Shaikh
- Full Time Employees
- 2,900
- Sector
- Technology
- Industry
- Semiconductors
- Address
- 45800 Northport Loop Fremont CA United States of America 94538
- IPO Date
- May 24, 2017
- CIK
- 0001616533
- Website
- penguinsolutions.com
- Similar Companies
- Business
- Penguin Solutions, Inc. designs, builds, deploys, and manages advanced enterprise technology solutions globally, operating through three primary segments: Intelligent Platform Solutions, Integrated Memory, and Optimized LED. The company offers high-performance server systems powered by AMD and Intel technologies; dynamic random access memory modules; solid-state and flash storage products; integrated memory solutions for networking, telecom, data analytics, AI, and machine learning applications; supply chain services including procurement, logistics, inventory management, programming, kitting, and packaging; and LED chips and lighting products under the Cree LED brand. It also delivers specialized software such as Scyld ClusterWare and Scyld Cloud Central for cluster and cloud environment management, and hardware and software AI infrastructure solutions including Penguin Computing for core and cloud HPC/AI environments, Penguin Edge for embedded and wireless edge computing, and Stratus platforms offering fault-tolerant computing for data centers and edge locations. The company serves end markets such as financial services, energy, government, telecommunications, healthcare, manufacturing, education, hyperscale, and smart city applications. Penguin Solutions was founded in 1988, is headquartered in Milpitas, California, and has a significant global presence. Recent major changes include the October 2024 rebranding from SMART Global Holdings, Inc. to Penguin Solutions, Inc., reflecting a strategic transformation into an enterprise AI infrastructure solutions company. The company completed the redomiciliation of its parent corporate entity from the Cayman Islands to Delaware in mid-2025. It reported fiscal 2025 net sales of $1.37 billion, up 17% year-over-year, with a strategic focus on expanding AI, HPC, and edge computing offerings. Penguin Solutions introduced support for Oracle Linux on its Stratus ztC Endurance platform and authorized a $75 million common stock repurchase in October 2025 as part of ongoing shareholder value initiatives. Its product portfolio continues to evolve with enhanced HPC and AI systems, cloud and edge solutions, and integrated memory technologies, positioning it as a leader in high-availability, high-performance computing infrastructure.
Company News
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