Penguin Solutions, Inc. Ordinary Shares - PENG STOCK NEWS

Penguin Solutions (Nasdaq: PENG) has expanded its OriginAI infrastructure solution to include the latest NVIDIA and AMD GPUs, along with Dell Technologies AI-optimized hardware. The solution now supports NVIDIA H200 and AMD Instinct MI300X GPU-powered servers, with plans to enable NVIDIA Blackwell B200 and AMD Instinct MI325X in early 2025. The offering includes enhanced Scyld ClusterWare software for improved cluster management, featuring upgraded infrastructure security, expanded node management, and increased Ubuntu support.

Penguin Solutions (Nasdaq: PENG) announces the availability of new Altus servers powered by AMD EPYC 9005 Series processors. The servers feature 192 core count and 12 channels of DDR5 memory, designed for high-performance computing (HPC) and AI workloads. The company offers air-cooled models Altus XE1312v2 and XE2312v2 immediately, with liquid-cooled XE2342v2 planned for 1H 2025. These servers support up to 6TB-24TB of DDR5 memory and multiple PCIe Gen5 slots, making them ideal for compute-intensive applications and mixed-use AI workloads.

Penguin Solutions (NASDAQ: PENG) announced a collaboration with Dell Technologies to deliver complete AI solutions through validated, high-performing AI infrastructure. The partnership combines Dell PowerEdge AI-optimized servers, PowerScale storage, and PowerSwitch data center switches with Penguin's OriginAI solutions and ClusterWare management software. The solution aims to simplify GPU cluster deployment while improving performance and availability.

Based on experience managing over 85,000 GPUs, the OriginAI infrastructure solution is being adopted by cloud service providers and enterprise customers across various sectors. The solution will be showcased at the Supercomputing 2024 conference in Atlanta.

Stratus, a Penguin Solutions (PENG) brand, announced support for Microsoft Windows Server 2022 on its ztC Endurance platforms. This update enables organizations to run Windows Server-based applications with 99.99999% reliability, protecting critical applications from downtime and data loss. The platform now includes 25Gb Ethernet networking options and offers power configuration choices of 100-127 VAC or 200-240 VAC. The model 5100 with Windows support will be available on November 18, 2024, with Hyper-V availability planned for first half of 2025.

Penguin Solutions (PENG) announced its participation at Supercomputing 24 (SC24) in Atlanta from November 18-22. With over 25 years of high-performance computing experience and 85,000+ GPUs deployed, the company will showcase technology demos including OriginAI Factory Solution, Scyld ClusterWare, Stratus ztC Endurance, and SMART Modular Memory Technology.

The event will feature speaking engagements on AI Makerspace with Georgia Tech, innovative data center cooling, and processor design innovation. Penguin Solutions is also sponsoring the Beowulf Bash and the University of New Mexico team in the Student Cluster Competition.

Cree LED, a Penguin Solutions brand (NASDAQ: PENG), has launched the CV28D LEDs with FusionBeam™ Technology, combining through-hole and surface-mount RGB LED technology for enhanced signage displays. The innovation delivers 2.5 times higher resolution than traditional through-hole LEDs, equivalent to upgrading from 480p to 1080p video quality. The CV28D features advanced directionality, reducing light pollution by four times compared to standard RGB SMD LEDs, while offering IP68-rated protection in a compact 4.3mm height form factor.

SMART Modular Technologies, a Penguin Solutions brand (Nasdaq: PENG), has launched its new T6EN PCIe/NVMe flash drives designed for aerospace, defense, and industrial applications. Available in U.2, E1.S, and M.2 2280 form factors, these ruggedized SSDs offer capacities up to 15TB for U.2 and 8TB for E1.S and M.2 2280 versions. The drives feature AES-XTS 256-bit encryption, OPAL 2.0 compliance, and utilize 3D TLC flash memory. Enhanced durability features include thicker PCBs, robust signal routing, and optional conformal coating for protection against environmental factors.

Penguin Solutions (Nasdaq: PENG) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking its fourth annual publication. Key achievements include a 76% reduction in Scope 1 and 2 greenhouse gas emissions and reaching 78% renewable energy usage with a second site conversion to 100% renewable energy. The company conducted a global gender pay parity study and maintained membership in the Responsible Business Alliance. In 2024, Penguin Solutions completed its first formal double materiality assessment, incorporating guidelines from GRI, UN SDGs, UNGC, TCFD, and ESRS.

Penguin Solutions (NASDAQ: PENG), formerly SMART Global Holdings, reported its Q4 and full-year fiscal 2024 results. The company's name change reflects its focus on AI infrastructure, advanced memory solutions, and high-performance computing. Key highlights include:

- FY2024 net sales of $1.2 billion, down from $1.4 billion in FY2023
- Q4 FY2024 net sales of $311 million, down 1.7% year-over-year
- FY2024 GAAP EPS of $(0.85), compared to $0.15 in FY2023
- Q4 FY2024 GAAP EPS of $(0.46), versus $1.17 in the year-ago quarter
- Non-GAAP EPS for FY2024 of $1.25, down from $2.52 in FY2023

The company reported its third consecutive quarter of sequential top-line growth in Q4. For FY2025, Penguin Solutions projects 15% YoY growth in net sales (±5%) and non-GAAP diluted EPS of $1.70 (±$0.20).