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. (Nasdaq: PENG) generates news across high-performance computing, AI infrastructure, integrated memory, and LED technologies. Company announcements highlight developments in its Advanced Computing, Integrated Memory, and Optimized LED segments, giving investors and technology professionals insight into how Penguin Solutions evolves its product and solution portfolio.
Recent news has included financial results and business outlook updates, where Penguin Solutions reports net sales by segment and discusses its use of GAAP and non-GAAP financial measures. These releases also describe strategic actions such as a stock repurchase authorization approved by the company’s Audit Committee.
In the Advanced Computing area, news items cover the OriginAI solution portfolio and ICE ClusterWare cluster management software. Penguin Solutions has announced support for the latest NVIDIA GPUs within OriginAI architectures and has introduced ICE ClusterWare software 13.0 with features such as anomaly detection, auto-remediation, and network-isolated multi-tenancy to support AI and HPC environments.
Within Integrated Memory, press releases describe SMART Modular DDR5 SODIMM and CSODIMM memory modules and a CXL NV-CMM E3.S 2T non-volatile memory module, aimed at applications such as high-performance computing, industrial and edge systems, telecom, networking, and data centers. In the Optimized LED segment, Cree LED, a Penguin Solutions brand, issues news about LED chips, components, Level 2 PCBA solutions, and partnerships in lighting and horticulture applications.
Visitors to this news page can review company press releases, product introductions, segment updates, and other corporate announcements related to PENG, providing context on Penguin Solutions’ activities in computing, memory, and LED markets.
Penguin Solutions (PENG) will showcase its AI infrastructure and memory solutions at AI Infra Summit 2026 from September 15-17 at the Santa Clara Convention Center. The company will highlight its MemoryAI KV Cache Server, which uses Compute Express Link (CXL) based memory to help address the AI inferencing “memory wall.”
Penguin states that MemoryAI KV Cache Server can deliver up to 11 TB of CXL-based memory to optimize enterprise-scale inference workloads, including agentic AI and large language model inference. At booth #520, Penguin will also demonstrate CXL-based memory expansion servers, add-in cards, the LIQID EX-5410C CXL memory expansion chassis, and an advanced memory technology preview developed with Marvell. A speaking session titled “Scaling the AI Memory Wall – Where Model Architecture Meets Hardware” is scheduled for September 16 at 4:10 p.m. PT, featuring Andy Mills, Vice President of Advanced Product Development.
Cree LED (Nasdaq: PENG), a Penguin Solutions brand, and Promier Products (d/b/a LitezAll) have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED patents used in portable lighting products. As part of the agreement, Cree LED granted Promier Products a limited license to certain Cree LED patents covering LED components.
According to Cree LED, the company remains strongly focused on protecting its intellectual property and actively monitors the global value chain to address unauthorized use of its patented LED technologies, supporting the integrity and performance of its portable lighting and other LED solutions.
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Nanolumens have entered into a mutually beneficial patent cross-license agreement that resolves a prior patent infringement dispute involving Cree LED patents used in LED display components. The agreement covers technologies commonly used in LED displays.
According to Cree LED, both U.S.-based companies actively protect their intellectual property and monitor the global market for unauthorized use of their patented LED display technologies. The firms emphasize long-term investment in innovation, product quality, and IP protection to support reliable, high-performance LED display solutions for a wide range of applications.
Penguin Solutions (Nasdaq: PENG) announced that President and CEO Kash Shaikh will present at the Goldman Sachs Communacopia + Technology Conference 2026, held at the Palace Hotel in San Francisco. The presentation is scheduled for Thursday, September 10, at 2:25 p.m. PT, with a live webcast and 30-day archive available via the company’s investor relations website.
Penguin Solutions (Nasdaq: PENG) will participate in Rosenblatt's 6th Annual Technology Summit, held August 17–18. Mark Seamans, Senior Vice President, Global Marketing, will join a virtual fireside chat on Monday, August 17 at 12:00 p.m. PT. A live webcast and 30-day replay will be available in the investor relations section of the Penguin Solutions website.
REX Shares, through its T-REX joint venture with Tuttle Capital Management, launched three new leveraged single-stock ETFs: T-REX 2X Long AKAM Daily Target ETF (Cboe: AKAL), T-REX 2X Long DOCN Daily Target ETF (Cboe: OCNL), and T-REX 2X Long PENG Daily Target ETF (Cboe: PENU).
AKAL, OCNL, and PENU each seek 200% of the daily performance of Akamai Technologies (AKAM), DigitalOcean (DOCN), and Penguin Solutions (PENG), respectively, via derivatives such as swaps. According to REX, these funds target sophisticated traders, involve significant leverage, compounding and derivatives risks, and may lose all invested capital in adverse single-day moves.
Penguin Solutions (Nasdaq:PENG) closed a private offering of $750 million aggregate principal amount of 0.00% convertible senior notes due 2031, sold to qualified institutional buyers under Rule 144A. The total includes $100 million from the initial purchasers’ fully exercised option, reflecting oversubscribed demand.
According to Penguin, net proceeds will fund capped call transactions, the cash portion of exchanges of its 2.00% convertible senior notes due 2029 and 2030, repayment of borrowings under its existing credit agreement, and general corporate purposes. Penguin agreed to exchange about $135.5 million of 2029 notes and $160 million of 2030 notes. The new notes are senior unsecured obligations, carry no regular interest or principal accretion, and mature on August 1, 2031, unless earlier converted, redeemed or repurchased. With capped calls, Penguin anticipates no net dilution until its share price exceeds about $175.05, roughly 125% above the pricing-date close.
Penguin Solutions (Nasdaq: PENG) priced a private offering of $650.0 million aggregate principal amount of 0.00% convertible senior notes due August 1, 2031, to qualified institutional buyers under Rule 144A. Initial purchasers have a $100.0 million option. The notes are senior, unsecured, non‑interest bearing, and convertible into cash and, if applicable, common stock at an initial rate of 8.5690 shares per $1,000 (conversion price about $116.70, a 50% premium to the $77.80 July 14, 2026 close).
Penguin expects net proceeds of about $636.9 million (or $735.1 million if the option is fully exercised), to fund capped call transactions ($42.6 million), exchange consideration for existing 2029/2030 notes ($298.1 million cash portion), repay $100.0 million under its 2025 credit agreement, and for general purposes. Concurrently, subsidiaries expect to exchange $135.5 million of 2029 notes and $160.0 million of 2030 notes for cash plus about 8.7 million Penguin shares. New capped call transactions with a cap price of $175.05 per share are intended to reduce potential dilution upon conversion of the new notes.
Penguin Solutions (Nasdaq: PENG) plans a private offering of $650 million convertible senior notes due 2031 to qualified institutional buyers under Rule 144A, with an option for initial purchasers to buy up to an additional $100 million of notes. The notes will be senior unsecured, pay semi-annual interest, mature on August 1, 2031, and be convertible into cash and, if applicable, common stock under specified conditions. Penguin expects to use net proceeds to fund capped call transactions, refinance portions of its 2.00% convertible notes due 2029 and 2030 via cash/stock exchanges, repay $100 million under its 2025 credit agreement, and for general corporate purposes.
Penguin Solutions (Nasdaq:PENG) reported record Q3 FY26 results, with net sales of $478.7 million, up 48% year over year. GAAP operating income reached $50.9 million and GAAP diluted EPS was $0.68 versus $(0.01) a year ago.
The company raised its FY26 outlook, now targeting net sales growth of 22% ±2%, GAAP EPS of $1.97 ±$0.05 and non-GAAP EPS of $2.60 ±$0.05, citing strong AI-driven demand in Integrated Memory and AI Infrastructure.