The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

PENG

Concerning the House

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.

United States · www.penguinsolutions.com

The Long Run

FY 2017–2025 · 9 years

LineLatestCAGRTrend
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%
Quotation

$60.90

+2.17 (+3.7%)

52w hi$81.39
52w lo$16.24
Vol1.67M
As ofAug 13
The Verdict

Hold

Our score +0.36

Short-0.06
Medium+0.56
Long+0.80

computed 2026-08-13

By the Numbers

Penguin Solutions, Inc.

Technology · Information Technology Services

Market cap$3.12B
Enterprise value$3.30B
Trailing P/E43.81x
Forward P/E18.21x
EV / EBITDA18.95x
P / S (ttm)2.08x
Profit margin6.4%
Return on equity16.2%
Revenue growth+47.6%
Earnings growth
Debt / equity77.50
Risk Metrics
Beta vs SPX2.24
Corr SPX0.53
Annual vol68.8%
Annual ret+80.9%
Sharpe1.18
Max DD-46.3%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.38
Sector+0.15
Technical+0.06
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$57.72$63.36$57.50$60.901.67M
Aug 12$60.60$61.49$58.72$58.731.48M
Aug 11$56.69$58.63$55.71$57.331.23M
Aug 10$58.81$59.50$55.04$55.181.81M
Aug 7$58.41$60.11$56.45$58.432.06M