45.70
+9.25%
Close of 9 Nov 2026, in USD
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About Penguin Solutions
From its filings with the US Securities and Exchange Commission
Penguin Solutions is based in Fremont, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PENG. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 28 August 2026, it reported revenue of $1.73bn and net income of $180.6m. At that date it held total assets of $2.78bn and shareholders' equity of $520.7m.
Penguin Solutions is the AI Factory Platform Company. We design, build, deploy, and manage next-generation data centers for enterprises, sovereign AI initiatives, and neocloud providers.
With deep design expertise at the intersection of data center AI infrastructure and memory solutions, our Full-Stack AI Factory Platform combines differentiated infrastructure software, advanced memory, compute systems, end-to-end services, and industry-leading partner technologies to help customers accelerate deployment, optimize token economics, and maximize the return on their AI investments.
As of the end of fiscal 2026, Penguin Solutions employed approximately 2,800 employees worldwide, with most located in the United States, China, and Malaysia. We believe that our employees are the cornerstone of our success. To support their efforts, we aim to provide inclusive and equitable workplaces maintained through ongoing intentional actions.
On October 15, 2024, we changed our corporate name from “SMART Global Holdings, Inc.” to “Penguin Solutions, Inc.” and changed our Nasdaq Global Select Market ticker symbol from “SGH” to “PENG.” The changes to the corporate name and ticker symbol did not have any impact on our legal entity structure, financial statements or previously reported financial information.
Quoted from its 10-K, filed 20 Oct 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Listed since
- 24 May 2017
- Employees
- 2,900
- Website
- ir.smartm.com ↗
- Head office
- 45800 NORTHPORT LOOP WEST, FREMONT, CA, 94538
- Incorporated in
- DE
- Classification
- Semiconductors & Related Devices
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Mark AdamsPresident, Chief Executive Officer, Director, since 2020$6.0m
- Mr. Nathan OlmsteadChief Financial Officer, Senior Vice President$4.0m
- Mr. Jack PachecoChief Operating Officer, Executive Vice President and President - Memory Solutions$2.3m
- Ms. Anne KuykendallSenior Vice President, Chief Compliance Officer, Chief Legal Officer$1.9m
- Mr. Joseph ClarkSenior Vice President, President - LED Solutions Business$1.6m
- Mr. Pete MancaSenior Vice President, President, Advanced Computing$5.7m
- Mr. Min Yong HaDirector
- Ms. Penelope HerscherIndependent Director$270,860
- Mr. Bryan IngramIndependent Director$233,360
- Mr. Sandeep NayyarIndependent Director$245,860
- Mr. Mark PapermasterIndependent Director$238,360
- Ms. Mary PumaIndependent Director$77,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 88
- Environment
- 91
- Social
- 99
- Governance
- 74
- Direct emissions (scope 1)
- 315.85 t
- Energy emissions (scope 2)
- 43,243.06 t
- Women in the workforce
- 42%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Penguin Solutions Inc employs 2900 employees in the Information Technology sector.
- SMART Global Holdings designs memory and computing technology products for OEMs.
- The company operates in the US, Europe, Asia, and Latin America for global supply chain services.
Weaknesses
- SMART Global Holdings has 1754 full-time employees as of the IPO date.
- The company's IPO was on 24 May 2017, a specific date.
- Penguin Solutions Inc is headquartered in Newark California, California.
Opportunities
- SMART Specialty Compute & Storage Solutions (SCSS) unit focuses on AI and machine learning markets.
- The company provides storage solutions for mobile and enterprise markets.
- Penguin Solutions Inc offers memory components for smartphones and servers.
Threats
- SMART Global Holdings serves the computing and networking markets with specific product focus.
- The company's operations are limited to memory and computing technology areas.
- Penguin Solutions Inc has no mention of expansion plans beyond current markets.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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