Welcome to our dedicated page for Penguin Solutions news (Ticker: PENG), a resource for investors and traders seeking the latest updates and insights on Penguin Solutions stock.
Penguin Solutions, Inc. (Nasdaq: PENG) generates news across high-performance computing, AI infrastructure, integrated memory, and LED technologies. Company announcements highlight developments in its Advanced Computing, Integrated Memory, and Optimized LED segments, giving investors and technology professionals insight into how Penguin Solutions evolves its product and solution portfolio.
Recent news has included financial results and business outlook updates, where Penguin Solutions reports net sales by segment and discusses its use of GAAP and non-GAAP financial measures. These releases also describe strategic actions such as a stock repurchase authorization approved by the company’s Audit Committee.
In the Advanced Computing area, news items cover the OriginAI solution portfolio and ICE ClusterWare cluster management software. Penguin Solutions has announced support for the latest NVIDIA GPUs within OriginAI architectures and has introduced ICE ClusterWare software 13.0 with features such as anomaly detection, auto-remediation, and network-isolated multi-tenancy to support AI and HPC environments.
Within Integrated Memory, press releases describe SMART Modular DDR5 SODIMM and CSODIMM memory modules and a CXL NV-CMM E3.S 2T non-volatile memory module, aimed at applications such as high-performance computing, industrial and edge systems, telecom, networking, and data centers. In the Optimized LED segment, Cree LED, a Penguin Solutions brand, issues news about LED chips, components, Level 2 PCBA solutions, and partnerships in lighting and horticulture applications.
Visitors to this news page can review company press releases, product introductions, segment updates, and other corporate announcements related to PENG, providing context on Penguin Solutions’ activities in computing, memory, and LED markets.
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 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.
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