Penguin Solutions (PENG)
Builds AI computing infrastructure alongside fault-tolerant systems, specialty memory, and LED components.
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Builds and manages AI and high-performance computing infrastructure, sells Stratus fault-tolerant systems, supplies SMART Modular memory and storage products, and offers Cree LED components. Revenue spans product sales and services across its operating segments, with results tied to large deployment timing, component suppliers, memory and LED demand, and a concentrated customer base.
Designs, builds, deploys, and manages AI and high-performance computing infrastructure through Advanced Computing, combining OriginAI architectures, ICE ClusterWare software, expert services, and Stratus fault-tolerant platforms for data centers and edge sites.
Integrated Memory supplies SMART Modular DRAM, flash storage, CXL memory, ruggedized modules, and supply-chain services, while Optimized LED sells Cree LED components for lighting, video displays, and specialty applications. Operations span the Americas, Europe, and Asia, with most employees in the United States, China, and Malaysia.
Combines prevalidated architectures, cluster-management software, deployment expertise, and managed services to move customized systems into production and keep them optimized. The model depends on third-party compute, networking, storage, memory, and LED suppliers, a limited set of key vendors and customers, technology spending, government appropriations, and project timing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 20, 2026 | Barclays | Downgrade | ||
| Jul 9, 2026 | Barclays | Reiterate | Rating: —Target: $23 | Target: $40 |
| Jul 8, 2026 | Needham | Reiterate | Rating: —Target: $25 | Target: $80 |
| Jul 8, 2026 | Stifel Nicolaus | Target | Target: $66 | Target: $75 |
| Jun 2, 2026 | Stifel Nicolaus | Target | Target: $31 | Target: $66 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 29, 2026Cash & short-term investments $440.3M · Total debt $502.5M · Total assets $2.19B · Shareholders' equity $439.1M
- Revenue
- $478.7M
- Operating income
- $50.9M
- Net income
- $44.7M
No dividends on record.
| Institutions | ≈ 112.64% | 57.72M shares | |
|---|---|---|---|
| 377 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.50% | 2.31M shares | |
| 16 holders · as of Aug 26, 2026 | |||
| Strategic holders | 6.11% | 3.13M shares | |
| 1 holder · as of Feb 14, 2025 | |||
| Adds to | 123.25% | ||
51.24M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 123.25%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.93% | 7.65M | as of Jun 30, 2026 |
FMR LLCInstitution | 12.03% | 6.17M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 8.89% | 4.55M | as of Jun 30, 2026 |
Bank of Nova ScotiaInstitution | 8.66% | 4.44M | filed Jul 15, 2026 |
Crosslink Capital, Inc.Strategic | 6.11% | 3.13M | filed Feb 14, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Anne Kuykendall | officer: SVP and Chief Legal Officer | −4,000 | $50.58 |
| Jul 23, 2026 | Joseph Gates Clark | officer: SVP and Pres, Optimized LED | −1,327 | $57.47 |
| Jul 22, 2026 | Anne Kuykendall | officer: SVP and Chief Legal Officer | −739 | $56.12 |
| Jun 15, 2026 | Anne Kuykendall | officer: SVP and Chief Legal Officer | −4,000 | $64.38 |
| Jun 1, 2026 | Joseph Gates Clark | officer: SVP and Pres, Optimized LED | −10,351 | $58.87 |
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- Micron Technology
Data-center memory and SSDs overlap integrated memory
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Penguin Solutions | $56.17 | +2.29% | $2.81B | 39.3 | 17.6 | 1.9 | +47.6% |
| Super Micro Computer | $40.78 | −1.03% | $26.65B | 12.6 | 9.3 | 0.7 | +93.2% |
| Dell Technologies | $558.50 | −2.92% | $382.08B | 33.4 | 19.8 | 2.5 | +57.8% |
| Hewlett Packard Enterprise | $61.08 | −1.09% | $81.78B | 32.2 | 13.4 | 2.0 | +33.5% |
| Micron Technology | $1,073.38 | +2.82% | $1.18T | 23.6 | 7.4 | 13.1 | +345.7% |
| Median | 27.9 | 11.4 | 2.2 | +75.5% |