Inside the research
Penguin Solutions, Inc.
PENG Research profile · latest available data
Price overview
$56.22
▲ +3.14 (+5.9%)
| 52w hi | $81.39 |
|---|---|
| 52w lo | $16.24 |
| Vol | 1.66M |
| As of | 25 Sep 2026 |
The Verdict
Our score +2.02
| Short | +3.25 |
|---|---|
| Medium | +1.34 |
| Long | +0.92 |
computed 2026-09-27
Key fundamentals
Penguin Solutions, Inc.
Technology · Information Technology Services
| Market cap | $2.88B |
|---|---|
| Enterprise value | $3.17B |
| Trailing P/E | 40.45x |
| Forward P/E | 16.81x |
| EV / EBITDA | 18.21x |
| P / S (ttm) | 1.92x |
| Profit margin | 6.4% |
| Return on equity | 16.2% |
| Revenue growth | +47.6% |
| Debt / equity | 77.50 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.39 | |
| Sector | +0.19 | |
| Technical | -0.09 | |
| Earnings | +0.48 | |
| Sentiment | +0.24 |
macro × 1.00 · 2026-09-27
Business overview
Penguin Solutions, Inc. designs, builds, deploys and manages enterprise solutions worldwide. The company operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers hardware, software, and services focusing on technical computing for core and cloud environments through computing and AI solutions. The company also provides Penguin Solutions OriginAI, an AI infrastructure solution for customers deploying GPUs at scale; continuous availability of customers critical data and applications in data centers and edge locations under the Stratus brand products; and dynamic random-access memory, modules, solid-state/flash storage, and integrated memory solutions to networking and telecom, data analytics, AI, and ML under the SMART Modular Technologies brand. In addition, it provides Zefr, a memory module; Altus and AMD EPYC based servers for expansive memory for AI workloads; flash memory products comprising solid-state drives, Serial Advanced Technology Attachment, and PCIe NVMe products in 2.5 enclosures, M.2, EDSFF, and other form factors; and multimediacard and embedded and removable USB products, SD and microSD Card configurations, and firmware development. Further, the company offers procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging supply chain services; and LEDs under the Cree LED brand; Cree LED XLamp and J Series packaged LED components. It serves OEMs, enterprises, government, and other customers through direct and third-party channels. The company has a strategic collaboration with Deepgram, Dell Technologies, and ZulaFly to offer healthcare, location-based workflow, and safety solutions. 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 headquartered in Fremont, California.
Risk Metrics
| Beta vs SPX | 2.26 |
|---|---|
| Corr SPX | 0.52 |
| Annual vol | 70.2% |
| Annual ret | +77.0% |
| Sharpe | 1.10 |
| Max DD | -46.3% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-17 | Material Agreement, Material Obligation… | read |
| 2026-07-07 | Earnings Release, Exhibits | read |
| 2026-06-01 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-05-18 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-04-01 | Earnings Release, Exhibits | read |
| 2026-04-01 | Reg FD Disclosure, Other Material Event… | read |
| 2026-02-11 | Shareholder Vote | read |
| 2026-02-02 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-01-06 | Earnings Release, Exhibits | read |
| 2025-12-30 | Material Agreement | read |
| 2025-10-07 | Earnings Release, Other Material Event… | read |
| 2025-07-29 | Officer / Director Change, Reg FD Disclosure… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-23 | Clark Joseph Gates | SVP and Pres, Optimized L | Sell | 1.33K | $76.26K |
| 2026-07-22 | Kuykendall Anne | SVP and Chief Legal Offic | Sell | 739 | $41.47K |
| 2026-07-20 | Kuykendall Anne | SVP and Chief Legal Offic | Withheld for tax | 3.06K | $184.92K |
| 2026-07-20 | Johnson Aaron Michael | Interim CFO | Withheld for tax | 896 | $54.13K |
| 2026-07-20 | Frey Anthony George | SVP and Chief Revenue Off | Withheld for tax | 532 | $32.14K |
| 2026-07-20 | Clark Joseph Gates | SVP and Pres, Optimized L | Withheld for tax | 2.04K | $123.36K |
| 2026-06-15 | Kuykendall Anne | SVP and Chief Legal Offic | Sell | 100 | $6.56K |
| 2026-06-15 | Kuykendall Anne | SVP and Chief Legal Offic | Sell | 1.60K | $103.45K |
| 2026-06-15 | Kuykendall Anne | SVP and Chief Legal Offic | Sell | 2.10K | $134.98K |
| 2026-06-15 | Kuykendall Anne | SVP and Chief Legal Offic | Sell | 200 | $12.50K |
Flow & Concentration
| Insider 180d net | -$1.35M |
|---|---|
| Insider buys / sells | 0 / 16 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.1% |
| HHI | 4,212 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $468.73M | 6.17M |
| State Street Corp | $237.81M | 3.13M |
| Citadel Advisors | $81.48M | 1.07M |
| Capital Research / Capital World | $13.43M | 176.65K |
| Millennium Management | $11.46M | 150.81K |
| AQR Capital Management | $5.07M | 66.72K |
| Renaissance Technologies | $1.94M | 25.50K |
| T. Rowe Price Group | $39.62K | 521.25K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.37B | +36.0% | |
| Gross profit | $97.81M | -6.1% | |
| Operating income | $17.36M | +15.9% | |
| Net income | -$187.53M | -7.8% | |
| Cash from ops | $109.08M | +32.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $53.86 | $56.57 | $53.38 | $56.22 | 1.66M |
| Sep 24 | $52.46 | $54.27 | $51.31 | $53.08 | 1.58M |
| Sep 23 | $55.86 | $56.15 | $53.43 | $53.88 | 1.52M |
| Sep 22 | $54.61 | $57.50 | $54.42 | $56.58 | 1.66M |
| Sep 21 | $54.39 | $55.58 | $54.04 | $54.91 | 1.34M |
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