Penguin Solutions Inc

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Penguin Solutions, Inc. engages in the design and manufacture of enterprise solutions for the computing, memory, and LED markets. It operates through the following segments: Advanced Computing, Integrated Memory & Optimized LED. The Advanced Computing segment consists of platform solutions and services for high-performance computing, artificial intelligence, machine learning, and modeling for technology research. The Integrated Memory segment provides performance and reliable memory solutions through the design, development, and advanced packaging to extended lifecycle products. The Optimized LED segment offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control, and reliability. The company was founded in 1988 and is headquartered in Milpitas, CA.

DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #ADJProductsLLC--Cree LED announced it has filed a patent infringement lawsuit in the U.S. District Court for the Northern District of Calif against ADJ Products, LLC.

CreeLED Inc. Files Patent Infringement Lawsuit Against ADJ Products, LLC

DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CreeLED--Cree LED and Daktronics announced a multi-year, global patent license agreement effective Dec 2024 to Daktronics for Cree LED's patented technology.

Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology

SK Telecom Co., Ltd.

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced the closing of the previously announced strategic investment of SK Telecom (NYSE: SKM), an affiliate of SK Group.

Penguin Solutions Announces Closing of $200 Million Strategic Investment from SK Telecom

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced it will host its financial webcast & conf call for Q1FY2025 earnings after market close on Jan 8, 2025 at 4:30 pm ET.

Penguin Solutions Announces First Quarter Fiscal 2025 Financial Conference Call

With semiconductor stocks, there is a particular desire to find the next big thing. This comes from the incredible success of stocks like NVIDIA NASDAQ: NVDA and Taiwan Semiconductor Manufacturing NYSE: TSM.

Why Penguin Solutions Could Be the AI Sleeper Stock of 2025

MAYNARD, Mass.--(BUSINESS WIRE)---- $PENG #AutomationFair--Stratus announced its participation at Rockwell Automation Fair, Nov 18-21 in Anaheim, to showcase its fault tolerant, zero-touch computing platforms.

Stratus to Showcase Secure, Zero-Touch Computing and Edge-to-Cloud Smart Manufacturing at Automation Fair 2024

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced the latest NVIDIA and AMD GPUs as well as Dell Technologies AI-optimized hardware to its OriginAI infrastructure solution.

Penguin Solutions OriginAI Infrastructure Now Available with Additional GPUs and Enhanced Cluster Management Capabilities

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced availability of its Altus servers powered by AMD EPYC 9005 processors providing best in-class price-to-performance value.

Penguin Solutions Announces Availability of Next-Gen Altus HPC Servers with AMD EPYC 9005 Series Processors

Shares of enterprise AI solutions innovator Penguin Solutions Inc PENG have shed almost 20% in the past six months.

Penguin Solutions Unlocks ROI With AI Investment Wave, Says Bullish Analyst

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced at SC24 its collaboration with Dell Technologies to deliver complete AI solutions that accelerate customers time to value.

Penguin Solutions Accelerates Time to Value for AI Factories

MAYNARD, Mass.--(BUSINESS WIRE)---- $PENG #ComputingPlatforms--Stratus announced ztC Endurance support for MS Windows Server 2022, delivering critical optionality and giving IT and OT teams a path to reliability.

Stratus Announces Availability of Microsoft Windows Server for ztC Endurance Platforms

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced its participation at SC24 which will include product demonstrations, speaking engagements, and presence on the show floor.

Penguin Solutions End-to-End AI Infrastructure Solutions on Display at SC24

DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CV28DLEDs--Cree LED today announced the launch of its new CV28D LEDs w/ patented FusionBeam Technology, a groundbreaking advancement for the LED signage market.

Cree LED Introduces CV28D LEDs with Groundbreaking FusionBeam Technology for LED Signs and Displays

NEWARK, Calif.--(BUSINESS WIRE)---- $PENG #DRAM--SMART Modular today announced its new family of ruggedized T6EN PCIe/NVMe SSD flash drives for aerospace, defense, and industrial applications.

SMART Modular Introduces Ruggedized, High-Speed, High Capacity, High Security T6EN SSDs for Aerospace, Defense and Industrial Applications

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #CorporateResponsibility--Penguin Solutions released the 2023 Environmental, Social and Governance Report, the fourth annual record of the company's progress on its ESG goals.

Penguin Solutions Releases 2023 Environmental, Social, and Governance Report

Penguin Solutions' name change reflects a focus on AI infrastructure, but underlying fundamentals remain weak with inconsistent revenue growth and significant debt. Despite a projected 15% revenue growth in fiscal 2025, the business's cyclical nature and competitive market raise concerns about sustainable growth. Valuation at 9x forward non-GAAP EPS appears cheap, but negative free cash flow and high net debt make it a risky investment.

Penguin Solutions: A Name Change Won't Help

Penguin Solutions, Inc. (NASDAQ:PENG ) Q4 2024 Results Conference Call October 15, 2024 4:30 PM ET Company Participants Suzanne Schmidt - Investor Relations Mark Adams - Chief Executive Officer Jack Pacheco - Chief Operating Officer Nate Olmstead - Chief Financial Officer Conference Call Participants Nick Doyle - Needham Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Ananda Baruah - Loop Capital Operator Welcome to the Penguin Solutions Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. I would now like to pass the conference over to our host, Suzanne Schmidt of Investor Relations.

Penguin Solutions, Inc. (PENG) Q4 2024 Earnings Call Transcript

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions, Inc. (NASDAQ: PENG) today announced its new company name and reported financial results for Q4 and full year fiscal 2024.

Penguin Solutions Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results

SMART Global Hlds

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--SGH announced the completion of its brand transition from SMART Global Holdings, Inc. to Penguin Solutions, Inc., an infrastructure solution provider.

SGH Becomes Penguin Solutions

News for Penguin Solutions Inc Stock (PENG)