Penguin Solutions Inc Stock Price, News & Analysis

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.

Penguin Solutions (NASDAQ: PENG) reported strong Q2 fiscal 2025 results with net sales of $366 million, up 28.3% year-over-year. The company's GAAP diluted EPS improved to $0.09 from $(0.26) in the year-ago quarter, while non-GAAP diluted EPS reached $0.52 versus $0.27.

The company's performance was driven by its Advanced Computing segment, which generated $200.2 million in revenue. The Integrated Memory and Optimized LED segments contributed $105.3 million and $60.1 million respectively.

Based on strong performance, Penguin Solutions raised its fiscal year 2025 revenue outlook to 17% YoY growth (±3%) from the previous 15% (±5%). The company also announced the planned retirement of COO and President of Integrated Memory Jack Pacheco, effective December 31, 2025.

SMART Modular Technologies, a Penguin Solutions brand (Nasdaq: PENG), announces sampling of its new Non-Volatile CXL Memory Module (NV-CMM) to Tier 1 OEMs. The module, based on CXL 2.0 standard, combines non-volatile DRAM memory, persistent flash memory, and an energy source in an EDSFF form factor.

The NV-CMM features PCIe Gen 5 compliance and offers enhanced system performance, particularly for write-latency sensitive applications like high-performance computing and in-memory databases. Key benefits include:

• Data persistence with onboard backup power
• E3.S 2T form factor flexibility
• High-speed cache tier capabilities
• Enhanced data recovery during power failures
• Optimized virtualization support
• Efficient write caching

Penguin Solutions (Nasdaq: PENG) has announced plans to redomicile from the Cayman Islands to the United States, with Board approval for the transition. The move involves exchanging existing Cayman Islands ordinary shares and convertible preferred shares on a one-for-one basis for common stock and convertible preferred stock of a new Delaware

The company will maintain its Nasdaq Global Select Market listing under the ticker symbol 'PENG'. CEO Mark Adams stated the redomiciliation will streamline organizational and regulatory structure while better aligning with their increased U.S. business focus.

The plan requires shareholder approval at a special meeting and sanction from the Grand Court of the Cayman Islands. The redomiciliation is expected to complete in the third quarter of 2025, subject to customary closing conditions.