Penguin Solutions Share Price Today

Penguin Solutions introduces CXL DDR4 module to ease AI memory costs

Introduced SMART CXL-8F2W-D4, an eight-DIMM DDR4 CXL memory add-in card. AI data centers account for 34% of DRAM demand in 2026, rising to nearly 50% by 2029. Utilizes Marvell StructeraX CXL controller to enable reuse of legacy DDR4 memory. Applies Zefr ultra-high reliability screening to validate reused components for production use.

Penguin Solutions affirms FY27 GAAP EPS guidance of $2.80-$4.20

Adjusted EPS guidance of $3.75-$5.15 exceeds analyst estimate of $3.25. GAAP EPS guidance of $2.80-$4.20 surpasses analyst estimate of $2.13. Revenue outlook of $2.250B-$2.596B is above consensus of $2.201B.

Penguin Solutions to sell Cree LED to Transom for AI focus

Penguin Solutions agreed to sell Cree LED to Transom Capital Group in an all-cash deal. The transaction supports Penguin's shift to a pure-play AI infrastructure company. Cree LED represents approximately 10% of Penguin's projected fiscal 2027 net sales. Penguin reported 58% YoY net sales growth in H2FY26, with earnings growing faster.

SK hynix secures 9.1% stake in Penguin Solutions via $377.2M purchase

SK hynix acquired $377.2 million in Penguin Solutions convertible preferred stock. The investment grants SK hynix 9.1% beneficial ownership in the company. Details were disclosed via an SEC Schedule 13D filing.

Penguin Solutions appoints Stephen Cumming as CFO amid growth push

Stephen Cumming appointed as SVP and CFO of Penguin Solutions, effective immediately. Aaron Johnson returns to Vice President of Finance and Accounting after serving as Interim CFO. Appointment coincides with release of record-breaking fiscal 2026 results and raised fiscal 2027 outlook. Cumming brings experience from Edgio, Cambium Networks, and Atmel Corporation.

Penguin Solutions Q4FY26 Results: Net sales up 68%, adj. EPS beats at $1.00

Penguin Solutions Q4FY26 net sales reached $566.685 million, up 68% YoY, beating the $516.115 million estimate. Non-GAAP diluted EPS of $1.00 surpassed the $0.78 analyst estimate; GAAP diluted EPS was $1.29, up 1,073% YoY. Integrated Memory segment drove growth with record Q4 net sales of $340.784 million, up 158% YoY. Full-year FY26 net sales grew 26% to $1.73 billion; non-GAAP diluted EPS rose 51% to $2.87. FY27 guidance raised to ~$2.43 billion in net sales (~40% growth) and non-GAAP diluted EPS of $4.45.