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
Vol1.66M
As of25 Sep 2026

The Verdict

Strong Buy

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/E40.45x
Forward P/E16.81x
EV / EBITDA18.21x
P / S (ttm)1.92x
Profit margin6.4%
Return on equity16.2%
Revenue growth+47.6%
Debt / equity77.50

Layer Breakdown

LayerRawContribution
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.

United States · www.penguinsolutions.com

Risk Metrics

Beta vs SPX2.26
Corr SPX0.52
Annual vol70.2%
Annual ret+77.0%
Sharpe1.10
Max DD-46.3%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-07-17Material Agreement, Material Obligation…read
2026-07-07Earnings Release, Exhibitsread
2026-06-01Officer / Director Change, Reg FD Disclosure…read
2026-05-18Officer / Director Change, Reg FD Disclosure…read
2026-04-01Earnings Release, Exhibitsread
2026-04-01Reg FD Disclosure, Other Material Event…read
2026-02-11Shareholder Voteread
2026-02-02Officer / Director Change, Reg FD Disclosure…read
2026-01-06Earnings Release, Exhibitsread
2025-12-30Material Agreementread
2025-10-07Earnings Release, Other Material Event…read
2025-07-29Officer / Director Change, Reg FD Disclosure…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-23Clark Joseph GatesSVP and Pres, Optimized LSell1.33K$76.26K
2026-07-22Kuykendall AnneSVP and Chief Legal OfficSell739$41.47K
2026-07-20Kuykendall AnneSVP and Chief Legal OfficWithheld for tax3.06K$184.92K
2026-07-20Johnson Aaron MichaelInterim CFOWithheld for tax896$54.13K
2026-07-20Frey Anthony GeorgeSVP and Chief Revenue OffWithheld for tax532$32.14K
2026-07-20Clark Joseph GatesSVP and Pres, Optimized LWithheld for tax2.04K$123.36K
2026-06-15Kuykendall AnneSVP and Chief Legal OfficSell100$6.56K
2026-06-15Kuykendall AnneSVP and Chief Legal OfficSell1.60K$103.45K
2026-06-15Kuykendall AnneSVP and Chief Legal OfficSell2.10K$134.98K
2026-06-15Kuykendall AnneSVP and Chief Legal OfficSell200$12.50K

Flow & Concentration

Insider 180d net-$1.35M
Insider buys / sells0 / 16
Insider biasNeutral
13F holders8
Top-5 share99.1%
HHI4,212 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$468.73M6.17M
State Street Corp$237.81M3.13M
Citadel Advisors$81.48M1.07M
Capital Research / Capital World$13.43M176.65K
Millennium Management$11.46M150.81K
AQR Capital Management$5.07M66.72K
Renaissance Technologies$1.94M25.50K
T. Rowe Price Group$39.62K521.25K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-07-274view
2026-07-224view
2026-07-224view
2026-07-224view
2026-07-224view
2026-07-178-Kview
2026-07-153view
2026-07-0710-Qview
2026-07-078-Kview
2026-07-018-K/Aview
2026-06-164view
2026-06-024view
2026-06-018-Kview
2026-05-284view
2026-05-204view

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%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$53.86$56.57$53.38$56.221.66M
Sep 24$52.46$54.27$51.31$53.081.58M
Sep 23$55.86$56.15$53.43$53.881.52M
Sep 22$54.61$57.50$54.42$56.581.66M
Sep 21$54.39$55.58$54.04$54.911.34M

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