Company Description
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 via high-performance computing and AI solutions under the Penguin Solutions, Penguin Computing, Stratus, and our Penguin Edge brands.
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 other 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 module form factors; and multimediacard and embedded and removable USB products, and SD and microSD Card configurations, as well as 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, enterprise, government, and other end customers through direct and third-party channels.
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.
| Country | United States |
| Founded | 1988 |
| IPO Date | May 24, 2017 |
| Industry | Information Technology Services |
| Sector | Technology |
| Employees | 2,900 |
| CEO | Mark Adams |
Contact Details
Address: 45800 Northport Loop West Fremont, California 94538 United States | |
| Phone | 510 623 1231 |
| Website | penguinsolutions.com |
Stock Details
| Ticker Symbol | PENG |
| Exchange | NASDAQ |
| Fiscal Year | September - August |
| Reporting Currency | USD |
| CIK Code | 0001616533 |
| CUSIP Number | 706915105 |
| ISIN Number | US7069151055 |
| Employer ID | 36-5142687 |
| SIC Code | 3674 |
Key Executives
| Name | Position |
|---|---|
| Mark W. Adams | President, Chief Executive Officer and Director |
| Nathan Olmstead | Senior Vice President and Chief Financial Officer |
| Jack A. Pacheco | Executive Vice President, Chief Operating Officer and President of Integrated Memory |
| Anne Kuykendall J.D. | Senior Vice President, Chief Legal Officer and Chief Compliance Officer |
| Philip Pokorny | Chief Technology Officer |
| Suzanne Schmidt | Head of Investor Relation |
| Mark Seamans | Senior Vice President of Global Marketing |
| Michael Wellman | Chief Human Resources Officer |
| Joseph Clark | Senior Vice President and President of Optimized LED |
| Tony Frey | Senior Vice President and Chief Revenue Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Oct 21, 2025 | 10-K | Annual Report |
| Oct 17, 2025 | SCHEDULE 13G/A | Filing |
| Oct 7, 2025 | 8-K | Current Report |
| Aug 27, 2025 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers |
| Aug 6, 2025 | SCHEDULE 13G/A | Filing |
| Jul 29, 2025 | 8-K | Current Report |
| Jul 21, 2025 | 144 | Filing |
| Jul 18, 2025 | UPLOAD | Filing |
| Jul 15, 2025 | 144 | Filing |
| Jul 8, 2025 | 10-Q | Quarterly Report |