Penguin Solutions Inc

PENG

Market cap $1.08B

Penguin Solution is reiterated as a buy, driven by robust core AI infrastructure growth and expanding sovereign AI opportunities. PENG's Q1 headline numbers understate performance; core Advanced Computing grew 52% y/y, and Integrated Memory revenue surged 41% y/y. Sovereign AI projects across multiple regions provide durable, non-discretionary growth, complementing enterprise and memory-driven momentum.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing.

DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CreeLED--Cree LED today announced its new Level 2 (L2) Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies (PCBAs).

Penguin Solutions NASDAQ: PENG could be the deep value AI play you've been looking for. It's currently trading at pennies on the dollar relative to long-term forecasts—forecasts that may be overly cautious.

Penguin Solutions (PENG) is pivoting to AI infrastructure, driving modest revenue growth and maintaining strong gross margins despite market volatility. PENG's Q1 revenue rose 2% sequentially to $343M, with Advanced Computing up 9%, but hyperscale hardware sales were absent. Non-GAAP operating income grew 1% year-over-year to $42M, aided by disciplined cost controls and reduced operating expenses.

Penguin Solutions, Inc. (PENG) Q1 2026 Earnings Call Transcript

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today reported financial results for Q1FY26 with net sales of $343M and solid Q1 driven by operational excellence and memory growth.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions will host its quarterly financial webcast & conf call for Q1FY26 earnings after market close on Tues Jan 6 at 1:30 pm PT/4:30 pm ET.

Penguin Solutions enters FY26 with two growth engines—Advanced Computing and Integrated Memory—driving a more balanced and resilient business model. Integrated Memory delivered 30% annual growth and 38% in Q4, with CXL traction and the SK hynix partnership enhancing visibility and strategic positioning. The Dell partnership in Advanced Computing is expanding PENG's customer base and improving revenue conversion, supporting more predictable execution.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #DDR5--Penguin Solutions announced the release of its SMART 64GB DDR5-6400 ECC CSODIMM memory modules, the newest addition to its broad DDR5 SODIMM lineup.