Latest Penguin Solutions News & Updates

See the latest news and media coverage for Penguin Solutions. We track all announcements, press releases, and industry mentions in real time, all in one place.

Penguin Solutions

AI factory platform provider

penguinsolutions.com

Founded year: 1998
Company type: Public company
Number of employees: 1,800–5,000
Industry: IT Services & Consulting

Last updated Today

Latest news about Penguin Solutions

In short: Penguin Solutions expanded its AI infrastructure footprint through key leadership changes, record financial growth, and strategic funding.

Company announcements

July 28 Penguin Solutions

Penguin Solutions collaborates on bp data center upgrade

The system features NVIDIA Blackwell GPUs and Penguin memory, boosting seismic imaging speeds by 80x.

July 17 Penguin Solutions

Penguin Solutions announces closing of oversubscribed convertible notes offering

The $750 million notes have a 0.00% coupon and 50.0% conversion premium, with strong investor demand.

July 13 Penguin Solutions

Penguin Solutions proposes $650 million convertible note offering

Net proceeds will fund exchanges, repay debt, and enter capped call transactions.

July 7 Penguin Solutions

Penguin Solutions reports record quarterly results and raises outlook

Net sales reached $479 million, up 48% year-over-year, and diluted EPS grew 79% on a non-GAAP basis.

Media coverage

August 1 Simply Wall St

Will Record Q3 AI-Driven Sales Surge and Higher Guidance Change Penguin Solutions' (PENG) Narrative? - Simply Wall St News

Penguin Solutions, formerly SMART Global Holdings, recently reported record Q3 fiscal 2026 net sales of about US$479 million, a very large year-over-year increase that prompted...

July 24 Yahoo Finance

Himax, Teradyne, Entegris, IPG Photonics, and Penguin Solutions Shares Plummet, What You Need To Know

A number of stocks fell in the morning session after the U.S. government announced new tariffs of 10% to 12.5% on 60 trading partners over...

July 20 MSN

Why is Penguin Solutions stock falling Monday?

Penguin Solutions, Inc. PENG stock is trading lower after the company announced Friday the closing of its previously ...

July 20 Yahoo Finance

Barclays upgrades Lumentum, cuts Allegro, Penguin before chip earnings

Barclays turned more selective on U.S. semiconductor stocks ahead of the second-quarter earnings season, upgrading Lumentum Holdings while downgrading Allegro MicroSystems and Penguin Solutions, ...

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