
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
$1.03B
P/E (TTM)
40.5
65.8
Dividend Yield
--
52W High
$29.80
52W Low
$14.20
52W Range
Rank63Top 84.3%
2.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q4 2025 Data
Revenue
$337.92M+8.61%
4-Quarter Trend
EPS
$0.11-123.91%
4-Quarter Trend
FCF
-$70.30M+291.65%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Net Sales Growth Total net sales reached $1.37B in 2025, marking a 16.9% increase driven by Advanced Computing and Integrated Memory segments.
Return to Profitability Net income attributable to stockholders was $25.4M in 2025, reversing the $52.5M net loss reported in the prior fiscal year.
Memory Segment Sales Surge Integrated Memory net sales grew substantially by 30.3% to $464.2M in 2025, fueled by strong demand for DRAM and flash products.
Gross Profit Improvement Gross profit improved to $394.3M in 2025, with gross margin holding steady at 28.8% despite shifts in product mix.
Risk Factors
Customer Concentration Risk Sales to ten largest end customers accounted for 66% of total net sales in 2025, posing significant concentration risk.
Macroeconomic Demand Headwinds Worldwide economic conditions, inflation, and interest rates pose risks across all three segments concurrently, impacting demand forecasts.
Supply Chain Disruption Exposure Reliance on third-party manufacturers exposes results to supply chain disruptions, prolonged lead times, and potential cost increases.
AI Technology Regulatory Uncertainty Investments in complex AI technologies face uncertain regulatory environments and potential intellectual property risks regarding output.
Outlook
U.S. Domestication Completed Parent company redomiciliation to Delaware finalized on June 30, 2025, impacting capital structure and future tax considerations.
Penguin Edge Discontinuation Plan The obsolete Penguin Edge product portfolio is expected to be fully discontinued by approximately the end of calendar 2025.
Continued R&D Investment R&D expenses were $79.8M in 2025, focusing on innovation in AI infrastructure, next-gen memory, and differentiated LED products.
Capital Structure Management The company intends to retain future earnings to repay indebtedness and fund growth, with no current cash dividend plans.
Peer Comparison
Revenue (TTM)
BHE$2.61B
PENG$1.37B
TASK$1.14B
Gross Margin (Latest Quarter)
TASK129.8%
80.7%
RPD70.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BHE | $1.58B | 42.3 | 3.4% | 15.4% |
| CTS | $1.31B | 22.1 | 10.9% | 16.8% |
| HLIT | $1.17B | 23.1 | 11.0% | 17.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.3%
Flat Growth
4Q Net Income CAGR
21.8%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jan 14, 2026
EPS:$0.41
|Revenue:-
Reports
All Years
Form 10-K - FY 2025
Period End: Aug 29, 2025|Filed: Oct 21, 2025|Revenue: $1.37B+16.9%|EPS: $0.29+129.0%MissForm 10-Q - Q3 2025
Period End: May 30, 2025|Filed: Jul 8, 2025|Revenue: $324.25M+7.9%|EPS: $-0.01-106.4%MissForm 10-Q - Q2 2025
Period End: Feb 28, 2025|Filed: Apr 2, 2025|Revenue: $365.52M+28.3%|EPS: $0.09-136.0%MissForm 10-Q - Q1 2025
Period End: Nov 29, 2024|Filed: Jan 8, 2025|Revenue: $341.10M+24.4%|EPS: $0.10-125.7%MissForm 10-K - FY 2024
Period End: Aug 30, 2024|Filed: Oct 24, 2024|Revenue: $1.17B-18.8%|EPS: $-1.00+73.5%MissForm 10-Q - Q3 2024
Period End: May 31, 2024|Filed: Jul 9, 2024|Revenue: $300.58M-12.7%|EPS: $0.11-122.0%MissForm 10-Q - Q2 2024
Period End: Mar 1, 2024|Filed: Apr 9, 2024|Revenue: $284.82M-26.7%|EPS: $-0.26-52.7%MissForm 10-Q - Q1 2024
Period End: Dec 1, 2023|Filed: Jan 9, 2024|Revenue: $274.25M-30.0%|EPS: $-0.38-480.0%Miss