Penguin Solutions, Inc.
NASDAQ•PENG
CEO: Mr. Mark W. Adams
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 2017-05-24
Penguin Solutions, Inc. engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. The company also provides Penguin Computing that focus on technical computing for core and cloud environments through high-performance computing and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications, such as high-performance products for government, health care, manufacturing, and telecommunications applications. In addition, it offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, the company provides LED chip products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brands. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as SMART Global Holdings, Inc. and changed its name to Penguin Solutions, Inc. in October 2024. Penguin Solutions, Inc. was founded in 1988 and is based in Grand Cayman, Cayman Islands.
Contact Information
190 Elgin Avenue, George Town, Grand Cayman, KY1-9008, Cayman Islands
510-623-1231
Market Cap
$928.74M
P/E (TTM)
37.1
21.9
Dividend Yield
--
52W High
$29.80
52W Low
$14.20
52W Range
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$343.07M+0.58%
4-Quarter Trend
EPS
$0.04-58.97%
4-Quarter Trend
FCF
$28.21M+135.38%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Operating Income Increased 12.8% GAAP Operating Income reached $19.582 M for the quarter, marking a strong 12.8% increase over the prior year.
Strong Operating Cash Flow Net cash provided by operating activities totaled $31.058 M, significantly improving from $13.819 M reported last year.
Integrated Memory Sales Surge Integrated Memory segment sales increased $39.8 M (41.2% up) driven by strong Flash and DRAM product demand.
Total Sales Remain Stable Total net sales were $343.071 M, reflecting a slight 0.6% increase compared to the prior comparable period.
Risk Factors
Common Stock Net Income Drop Net income available to common stockholders fell sharply to $2.006 M from $5.217 M in the prior period.
Gross Margin Compression Continues Gross margin decreased to 28.0% from 28.7% due to the ongoing wind down of the high-margin Penguin Edge business.
Equity Investment Fully Impaired Recognized a full $10.0 M impairment charge on a non-marketable equity investment due to deterioration indicators.
Advanced Computing Sales Decline Advanced Computing sales decreased $26.0 M (14.6% down) primarily due to timing of projects and Edge wind down.
Outlook
Zilia Technologies Sale Agreement Agreement signed to sell Zilia Technologies for $46.1 M cash; closing expected on or about March 30, 2026.
Anticipated Restructuring Charges Expect additional restructuring activities in future quarters related to ongoing business wind downs and workforce reductions.
Sufficient Liquidity Forecast Existing cash, investments, and borrowing capacity expected to fund operations for at least the next 12 months.
New Credit Facility Details New 2025 Credit Agreement provides $400.0 M revolving facility maturing on June 24, 2030, replacing older debt.
Peer Comparison
Revenue (TTM)
$2.73B
$2.66B
$1.37B
Gross Margin (Latest Quarter)
80.7%
68.9%
68.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FSLY | $4.02B | -32.7 | -12.9% | 28.7% |
| BHE | $2.00B | 80.5 | 2.2% | 19.7% |
| CTS | $1.37B | 20.9 | 11.9% | 16.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.1%
Flat Growth
4Q Net Income CAGR
-14.6%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Mar 31, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data