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 (PENG) provides integrated technology solutions across servers, high-performance computing, and optimized LED systems. This page serves as the definitive source for official company announcements and market-moving developments.
Access real-time updates on earnings reports, strategic partnerships, product launches (including AMD/Intel-based servers and Scyld software), and leadership changes. Investors gain critical insights into the Intelligent Platform Solutions and Integrated Memory segments, while analysts track progress in HPC & AI system deployments.
All content is curated to meet regulatory standards, offering neutral analysis of operational milestones without speculative commentary. Bookmark this page for streamlined monitoring of PENG's advancements in edge computing infrastructure and energy-efficient display technologies.
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.
Penguin Solutions (NASDAQ: PENG) has scheduled its second quarter fiscal 2025 earnings conference call and webcast for Wednesday, April 2, 2025, at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. The financial results will be released via press release before the call.
Investors can access the live webcast through the PENG Q2 FY25 Earnings Call Webcast link or join via phone using the following numbers:
- Domestic: +1-833-470-1428
- International: +1-404-975-4839
- Access code: 858614
A replay will be available on the company's investor relations website for one year, and an audio replay can be accessed for one week after the call using +1-866-813-9403 (domestic) or +44 204 525 0658 (international) with access code 925825.
Penguin Solutions (PENG) has announced significant expansions to its ICE ClusterWare™ software platform, introducing enhanced features for AI infrastructure management. The platform now includes multi-tenancy support, streamlined workflows, and enhanced orchestration controls to help enterprises optimize their AI ecosystems.
The company also launched the ICE ClusterWare AIM™ service, which leverages patent-pending technology for predictive automation and optimization. This service is designed to maximize performance and operational efficiency through automated remediation, prescriptive maintenance, and workload optimization.
Built on Penguin Solutions' experience managing over two billion hours of GPU runtime and 85,000 deployed GPUs, these solutions aim to address the challenge of underutilized GPU clusters, which typically operate at only 50% of their potential value. The company will showcase these technologies at NVIDIA GTC 2025 in San Jose.
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), has launched the new XLamp XP-L Photo Red S Line LEDs for horticulture lighting. The new product achieves 83.5% Wall-Plug Efficiency (WPE) at 700 mA and 25°C, marking a 6% improvement over the previous generation.
The LEDs offer significant advantages for large-scale growing operations, including greenhouses and vertical farms. Customers can either reduce operating costs through lower power consumption or decrease initial costs by reducing the required number of Photo Red LEDs by up to 35%.
Key features include enhanced sulfur and corrosion resistance through S Line technology, and compatibility with existing designs through the standard 3.45 x 3.45 mm XP footprint. Product samples are currently available, with production quantities accessible through standard lead times.
SMART Modular Technologies (Nasdaq: PENG) announced that its 4-DIMM and 8-DIMM CXL® (Compute Express Link®) memory Add-in Cards (AICs) have successfully passed CXL 2.0 compliance testing and are now listed on the CXL Consortium's Integrators' List. This achievement validates the company's commitment to delivering interoperable memory solutions and adherence to industry standards.
The CXL Compliance Program enables members to test their products' functionality and interoperability as defined in the CXL specification. According to Andy Mills, vice president of advanced product development, this milestone demonstrates the company's dedication to innovation and providing cutting-edge solutions with enhanced performance and reliability.
Penguin Solutions (PENG) has entered into a strategic collaboration agreement with SK Telecom (SKT) and SK hynix to develop and deliver comprehensive AI data center solutions. This follows SKT's recent $200 million strategic investment in Penguin Solutions.
The collaboration aims to enhance Penguin Solutions' ability to deliver AI infrastructure solutions to new markets, focusing on developing high-performance accelerated computing technologies. The partnership combines Penguin Solutions' OriginAI® and Scyld ClusterWare® software with SKT's AI infrastructure management software to improve AI compute cluster utilization and deployment.
Additionally, SK hynix and SMART Modular Technologies plan to collaborate on developing innovative memory solutions for accelerated compute environments. Penguin Solutions brings over 25 years of experience in HPC, with more than 85,000 GPUs deployed and 2 billion hours of runtime data.
Penguin Solutions (PENG) reported strong Q1 FY2025 financial results, with net sales reaching $341 million, up 24.4% year-over-year. The Advanced Computing segment showed remarkable growth of 49% compared to Q1 FY24.
Key financial metrics include a GAAP gross margin of 28.7% (down 150 basis points) and non-GAAP gross margin of 30.8% (down 250 basis points) versus the year-ago quarter. GAAP diluted EPS improved to $0.10 from $(0.23), while non-GAAP diluted EPS increased to $0.49 from $0.24 year-over-year.
The company provided FY2025 guidance projecting 15% YoY revenue growth (±5%), with expected GAAP diluted EPS of $0.10 (±$0.20) and non-GAAP diluted EPS of $1.50 (±$0.20).
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), has filed a patent infringement lawsuit against ADJ Products, in the United States District Court for the Northern District of California. The lawsuit alleges that ADJ infringed on ten Cree LED patents through the sale of certain display products. Cree LED, with its 35-year history of innovation in LED technology, maintains a broad portfolio of high-performance LED chips and components, backed by extensive U.S. and worldwide patents. As a U.S.-based market leader with significant investments in R&D, quality, and product innovation, the company is taking legal action to protect its intellectual property rights.
Cree LED, a Penguin Solutions brand (PENG), and Daktronics (DAKT) have established a multi-year, global patent license agreement effective December 2024. The agreement grants Daktronics access to Cree LED's patented technology, with exceptions.
Cree LED, with over 35 years of expertise in LED die and packaging technology, maintains a substantial intellectual property portfolio focused on LED display applications. The agreement allows Daktronics, a leader in large-scale LED displays, to utilize these patents without concern for potential patent disputes during the agreement term.
While specific licensing terms remain confidential, the partnership enables Daktronics to confidently deliver state-of-the-art LED display systems to the market.
Penguin Solutions (PENG) has completed a strategic investment from SK Telecom (SKT), with SKT acquiring 200,000 convertible preferred shares at $1,000 per share, totaling $200 million. The preferred shares are convertible into ordinary shares at $32.80784 per share and carry a 6% annual dividend. The company plans to use the proceeds to enhance its AI factory offerings.
Following this investment, Min Yong Ha, SKT's Chief Development Officer, has joined Penguin Solutions' Board of Directors. The company has updated its fiscal year 2025 outlook, adjusting GAAP diluted earnings per share from $0.30 (±$0.20) to $0.10 (±$0.20), and Non-GAAP diluted earnings from $1.70 (±$0.20) to $1.50 (±$0.20).
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