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AI factory infrastructure platform and services provider
penguinsolutions.comLast updated
In short: Penguin Solutions reported record FY2026 results and raised its FY2027 sales outlook.
The all-cash divestiture is expected to close in the first calendar quarter of 2027, and Penguin reaffirms its fiscal 2027 outlook, which includes Cree LED at about 10% of projected net sales.
Bank of America praised the company's expertise in GPU infrastructure. Analysts projected upside from memory cycles, improved margins, and faster inference times.
The company raised its fiscal 2027 net sales outlook to approximately $2.43 billion, reflecting strong AI-driven demand across infrastructure and memory segments.
CEO Kash Shaikh reports AI businesses drove 74% of net sales with 104% year-over-year growth at Goldman Sachs conference
Fremont-based Penguin Solutions, which describes itself as an 'AI Factory Platform company', has agreed to sell its Cree LED business to private equity firm Transom...
SK hynix has finalized the name of its U.S.-based AI investment vehicle as "HYAICO Corporation" and filed a related report with the SEC. The ...
Penguin Solutions posted $567 million in fiscal Q4 revenue, up 68%, and raised fiscal 2027 guidance as AI memory demand ...
Penguin Solutions Inc. (NASDAQ:PENG), which builds and manages large AI computing systems, disclosed...
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