Penguin Solutions Inc Stock Price, News & Analysis

CreeLED (NASDAQ: PENG), a Penguin Solutions brand, has filed a patent infringement lawsuit against NanoLumens, Inc. in the United States District Court for the Northern District of Georgia. The lawsuit alleges infringement of 10 patents related to LED display technology.

The company, a leading provider of LED chips and components, emphasizes its two-decade track record of innovation, including developments like IPX6/IPX8-rated surface-mount device LEDs, High Contrast SMD LEDs, and proprietary FusionBeam™ Technology. Jesse Reiherzer, vice president of Cree LED's High Bright business, stressed the importance of protecting intellectual property to maintain innovation and fair competition.

CreeLED Inc. (NASDAQ: PENG) has filed a patent infringement lawsuit against NanoLumens, Inc. in the United States District Court for the Northern District of Georgia. The lawsuit alleges that NanoLumens has infringed on six U.S. patents related to LED display technology through the sale of certain display products.

As a global leader in advanced LED solutions, Cree LED has pioneered several innovations including the first IPX6/IPX8-rated surface-mount device LEDs for displays, High Contrast SMD LEDs, and proprietary FusionBeam™ Technology. The company actively monitors the global market to protect its intellectual property across the entire value chain.

Penguin Solutions (NASDAQ: PENG) reported Q3 fiscal 2025 results with net sales of $324 million, up 7.9% year-over-year. The company posted GAAP diluted EPS of $(0.01) compared to $0.10 in Q3 2024, while non-GAAP diluted EPS increased to $0.47 from $0.37 year-over-year.

The company raised its full-year outlook, projecting 17% year-over-year revenue growth (±2%) and non-GAAP diluted EPS of $1.80 (±$0.05). Gross margins showed slight pressure with GAAP gross margin at 29.3% (down 30 basis points) and non-GAAP gross margin at 31.7% (down 60 basis points) versus the year-ago quarter.

Performance across segments showed mixed results with Advanced Computing at $132.5M, Integrated Memory at $130.1M, and Optimized LED at $61.6M. The company also completed a post-quarter refinancing to strengthen its balance sheet.

Penguin Solutions (Nasdaq: PENG) has successfully completed its redomiciliation from the Cayman Islands to become a Delaware corporation in the United States. The process was executed through a Cayman Islands Scheme of Arrangement, which received strong shareholder approval on June 16, 2025, and was sanctioned by the Grand Court of the Cayman Islands on June 25, 2025.

As part of the transition completed on June 30, 2025, all existing ordinary and preferred shares of the Cayman Islands entity were exchanged on a one-for-one basis for newly issued shares of the Delaware corporation. The company's common stock will continue trading on the Nasdaq Global Select Market under the same symbol "PENG" starting July 1, 2025. The company expects no material impact on its employees or day-to-day operations.

Penguin Solutions (Nasdaq: PENG) has successfully completed a significant refinancing of its credit facilities, establishing a new $400 million Revolving Credit Facility with a $35 million letter of credit subfacility. The company has reduced its funded debt by $200 million by using $100 million from the new facility and $200 million in available cash to repay the existing $300 million Term Loan A Facility.

The new Credit Facilities, maturing in 2030, replace the previous $300 million Term Loan A Facility and $250 million Revolving Credit Facility that were due in 2027. The initial interest rate is set at SOFR plus 1.75%, based on a Total Net Leverage grid. The refinancing was led by JPMorgan Chase Bank, with several other major banks participating as joint lead arrangers.

Penguin Solutions (NASDAQ: PENG) has scheduled its Q3 FY2025 earnings conference call and webcast for July 8, 2025, at 1:30 PM PT / 4:30 PM ET. The company will release its financial results before the conference call. Investors can access the live webcast through the PENG Q3 FY25 Earnings Call Webcast link or join via phone using the provided domestic (+1-833-470-1428) and international (+1-404-975-4839) numbers with access code 305335. A replay will be available on the company's IR website for one year and via phone for one week using the replay numbers +1-866-813-9403 (domestic) or +44 204 525 0658 (international) with access code 979651.

Penguin Solutions (PENG) has unveiled its second-generation Stratus ztC Endurance platform, featuring enhanced fault tolerant computing with 99.99999% availability. The new lineup includes four models powered by Intel Xeon processors, headlined by the ultra-high-performance 9110 model delivering 46% performance improvement and 64-core processing. The platform now supports Linux (RHEL 9.4) alongside Windows Server and VMware vSphere. The new generation offers improved performance for AI inferencing, high-volume transaction processing, and critical applications across financial services, retail, and manufacturing. Key features include DDR5 memory support, optional 100Gb Ethernet connectivity, and a protected modular design for enhanced reliability and serviceability.

Penguin Solutions (NASDAQ: PENG) has announced a strategic agreement with CDW to offer its complete AI infrastructure portfolio to CDW's customer base. The partnership includes Penguin's OriginAI® factory infrastructure solution and ICE ClusterWare™ management software, which provide comprehensive tools for designing, building, deploying, and managing GPU clusters.

The solution leverages Penguin's 25+ years of HPC experience and data from managing nearly 100,000 GPUs. CDW can sell either complete solutions or individual components, offering flexibility to customers with varying IT capabilities. The OriginAI® solution features proven reference architectures, predictive analytics, and services to optimize infrastructure availability and accelerate implementation.

SMART Modular Technologies, a Penguin Solutions brand (Nasdaq: PENG), has announced that its E3.S 2T 128GB CMM (Compute Express Link® Memory Module) has been added to the CXL Consortium's Integrator List. This new addition joins SMART's previously listed 4-DIMM and 8-DIMM CXL memory Add-in Cards.

The E3.S 2T module features CXL® 2.0 standard with PCIe Gen5 x8 interface, supporting up to 128GB of DDR5 DRAM. The product is specifically designed for enhancing server and data center performance through cache-coherent memory expansion, targeting applications in high-performance computing (HPC), artificial intelligence (AI), machine learning (ML), and data-intensive operations.