Company Description
Penguin Solutions, Inc. engages in the designing and development of enterprise solutions worldwide.
It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.
The company also provides Penguin Computing that focus on technical computing for core and cloud environments through high-performance computing and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications, such as high-performance products for government, health care, manufacturing, and telecommunications applications.
In addition, it offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and solutions to education, energy, financial services, government, hyperscale, and manufacturing markets.
Further, the company provides LED chip products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brands.
It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers.
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 based in Milpitas, California.
| Country | United States |
| Founded | 1988 |
| IPO Date | May 24, 2017 |
| Industry | Information Technology Services |
| Sector | Technology |
| Employees | 2,700 |
| CEO | Mark Adams |
Contact Details
Address: 1390 McCarthy Boulevard Milpitas, California 95035 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 |
| ISIN Number | KYG8232Y1017 |
| 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 | Vice President of Global Marketing |
| Michael Wellman | Chief Human Resources Officer |
| Joseph Clark | Senior Vice President and President of Optimized LED |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| 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 15, 2025 | 144 | Filing |
| Jul 8, 2025 | 10-Q | Quarterly Report |
| Jul 8, 2025 | 8-K | Current Report |
| Jun 30, 2025 | 15-12G | Securities registration termination |
| Jun 30, 2025 | S-8 POS | Securities to be offered to employees in employee benefit plans, post-effective amendments |
| Jun 30, 2025 | S-8 POS | Securities to be offered to employees in employee benefit plans, post-effective amendments |