Barclays downgraded Penguin Solutions from Equal Weight to Underweight and set a new price target of $40.00

Barclays downgraded Penguin Solutions from Overweight to Equal Weight and set a new price target of $27.00

Goldman resumed coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00

Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00

Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00

JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00

Goldman initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $21.00

Needham reiterated coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00 from $35.00 previously

3 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

3 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

4 - Penguin Solutions, Inc. (0001616533) (Issuer)

8-K - Penguin Solutions, Inc. (0001616533) (Filer)

SCHEDULE 13G - Penguin Solutions, Inc. (0001616533) (Subject)

10-Q - Penguin Solutions, Inc. (0001616533) (Filer)

8-K - Penguin Solutions, Inc. (0001616533) (Filer)

8-K/A - Penguin Solutions, Inc. (0001616533) (Filer)

8-K - Penguin Solutions, Inc. (0001616533) (Filer)

8-K - Penguin Solutions, Inc. (0001616533) (Filer)

144 - Penguin Solutions, Inc. (0001616533) (Subject)

144 - Penguin Solutions, Inc. (0001616533) (Subject)

SCHEDULE 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)

$750 million convertible senior notes; 0.00% coupon; 50.0% conversion premium Strong investor demand supported the initial purchasers’ full exercise of their $100 million option Refinancing enhances capital structure, extends debt maturities, and reduces interest expense With the capped calls, Penguin anticipates no net dilution from the Notes until Penguin’s share price exceeds approximately $175.05 per share, or an approximately 125% increase above Penguin’s closing price at pricing Penguin Solutions, Inc., the AI Factory Platform Company ("Penguin," "we" or the "Company") (NASDAQ:PENG), today announced that it has closed its previously announced private offering of $750.0 mi

Enhances capital structure and extends debt maturities through opportunistic refinancing of certain existing convertible notes Reduces potential dilution upon conversion of notes through capped call transactions Strengthens financial flexibility Penguin Solutions, Inc., the AI Factory Platform Company ("Penguin," "we" or the "Company") (NASDAQ:PENG), today announced the pricing of $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Concurrently with the offering, the Company expects to exch

Penguin Solutions, Inc. ("Penguin," "we" or the "Company") (NASDAQ:PENG) today announced it intends to offer $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. Concurrently with the offering, the Company expects to enter into privately negotiated exchanges of a portion of certain existing convertible senior notes due 2029 and 2030. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and inclu

Delivers Record Quarterly Results and Raises Full-Year Outlook for Both Net Sales and EPS, Reflecting AI-Driven Demand Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026. Third Quarter Financial Highlights Record net sales of $479 million, up 48% versus the year-ago quarter Record Q3 GAAP operating income of $51 million, up 417% versus the year-ago quarter Record Q3 Non-GAAP operating income of $64 million, up 67% versus the year-ago quarter Q3 GAAP diluted EPS of $0.68 versus $(0.01) in the year-ago quarter Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the yea

New AI Factory Operations Agent, Automated GPU Remediation for Kubernetes Workloads, and Expanded Health Visibility Improve AI Factory Performance and ResiliencePenguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced its latest ClusterWareAI™ AI Factory Platform Operating System Software. The updated ClusterWareAI software enables AI operators to optimize AI factory performance, improve workload resilience, and simplify operations across an entire AI factory.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260625819236/en/Penguin Solutions latest ClusterWareAI AI Factory Platform Operating System sof

Recognition validates Penguin's expertise designing, building, deploying, and managing full-stack, NVIDIA-based AI factory infrastructure for enterprises, sovereign AI initiatives, and neocloud providers Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced it has become an NVIDIA AI Factory Specialized Partner, joining a select group of NVIDIA Partner Network (NPN) solution providers. Penguin achieved this invitation-only NVIDIA AI Factory specialization by completing NVIDIA’s comprehensive training, maintaining the relevant competencies, meeting solution requirements, and bringing proven experience in designing, building, deploying, and operating full-

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), the AI Factory Platform Company, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2026 earnings after market close on Tuesday, July 7, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. The conference call can be accessed by registering online at PENG Q3 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live webcast will be accessible from the Penguin Solutions investor r

New addition to the XLamp Element family enables superior color mixing, higher intensity and miniaturized optical designs for high-performance lighting applications Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), today announced its new XLamp® XE-B LEDs, extending the industry-leading XLamp Element family into an even smaller form factor to enable new levels of design flexibility and performance. The XE-B LEDs feature an ultra-compact 0.9 × 1.4 mm package engineered to deliver high intensity in optical systems, whether used individually or in arrays. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602145871/en/Smaller L

Company Reaffirms Full-Year Fiscal 2026 Outlook with Both Net Sales and Diluted EPS Expected to Be at the High End of Outlook Range for Full-Year Fiscal 2026 Supported by Agentic AI-Driven Demand Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that Nate Olmstead, Senior Vice President and Chief Financial Officer, will step down as the CFO of the company on July 8, 2026 to pursue a new opportunity in a different industry. Aaron Johnson, Penguin Solutions' Vice President of Finance and Accounting, will succeed Mr. Olmstead as Interim CFO, effective July 9, 2026. Mr. Johnson is a seasoned finance and accounting executive with over 16 years of public

Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518589175/en/David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors. His track record of operational execution and scaling global businesses is expected to complement the board's expertise as Penguin Solutions continues to converge its capabiliti

Delivers Record Quarterly Results and Raises Full-Year Outlook for Both Net Sales and EPS, Reflecting AI-Driven Demand Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026. Third Quarter Financial Highlights Record net sales of $479 million, up 48% versus the year-ago quarter Record Q3 GAAP operating income of $51 million, up 417% versus the year-ago quarter Record Q3 Non-GAAP operating income of $64 million, up 67% versus the year-ago quarter Q3 GAAP diluted EPS of $0.68 versus $(0.01) in the year-ago quarter Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the yea

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), the AI Factory Platform Company, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2026 earnings after market close on Tuesday, July 7, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. The conference call can be accessed by registering online at PENG Q3 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live webcast will be accessible from the Penguin Solutions investor r

Raises Full Year Net Sales and EPS Outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026. Second Quarter Fiscal 2026 Highlights Net sales of $343 million, down 6% versus the year-ago quarter GAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarter Non-GAAP gross margin of 31.2%, up 40 basis points versus the year-ago quarter GAAP diluted EPS of $0.58 versus $0.09 in the year-ago quarter Non-GAAP diluted EPS of $0.52 for the current and year-ago quarters "Enterprises, governments, and neocloud providers are racing to build AI factories

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), the AI factory platform company, today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2026 earnings after market close on Wednesday, April 1, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. The conference call can be accessed by registering online at PENG Q2 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live webcast will be accessible from the Penguin Solutions' inves

Solid First Quarter Driven by Operational Excellence and Memory Growth Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the first quarter of fiscal 2026. First Quarter Fiscal 2026 Highlights Net sales of $343 million, up 1% versus the year-ago quarter GAAP gross margin of 28.0%, down 70 basis points versus the year-ago quarter Non-GAAP gross margin of 30.0%, down 80 basis points versus the year-ago quarter GAAP diluted EPS of $0.04 versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.49 for the current and year-ago quarter "In Q1 we expanded our pipeline and made progress on our s

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2026 earnings after market close on Tuesday, January 6, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. The conference call can be accessed by registering online at PENG Q1 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live we

Fiscal 2025 Net Sales up 17% compared to the prior year GAAP EPS of $0.28, up from ($0.85) Non-GAAP EPS of $1.90, up 53% Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the fourth quarter and full year fiscal 2025. Fiscal 2025 Highlights Net sales of $1.37 billion versus $1.17 billion in fiscal year 2024 GAAP gross margin of 28.8%, down 30 basis points versus fiscal year 2024 Non-GAAP gross margin of 31.0%, down 90 basis points versus fiscal year 2024 GAAP diluted EPS of $0.28 versus $(0.85) in fiscal year 2024 Non-GAAP diluted EPS of $1.90 versus $1.25 in fiscal year 2024 Fourth Quarte

Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full year fiscal year 2025 earnings after market close on Tuesday, October 7, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q4 FY25 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing:

Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ:PENG) today reported financial results for the third quarter of fiscal 2025. Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter "We delivered solid third quarter results while exe

Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2025 earnings after market close on Tuesday, July 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q3 FY25 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428 (

SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)

SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)

Company Reaffirms Full-Year Fiscal 2026 Outlook with Both Net Sales and Diluted EPS Expected to Be at the High End of Outlook Range for Full-Year Fiscal 2026 Supported by Agentic AI-Driven Demand Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that Nate Olmstead, Senior Vice President and Chief Financial Officer, will step down as the CFO of the company on July 8, 2026 to pursue a new opportunity in a different industry. Aaron Johnson, Penguin Solutions' Vice President of Finance and Accounting, will succeed Mr. Olmstead as Interim CFO, effective July 9, 2026. Mr. Johnson is a seasoned finance and accounting executive with over 16 years of public

Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518589175/en/David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors. His track record of operational execution and scaling global businesses is expected to complement the board's expertise as Penguin Solutions continues to converge its capabiliti

Leader to drive product strategy and execution for AI Factory Platform Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced the appointment of Ian Colle as senior vice president and chief product officer. He will be responsible for leading product strategy, roadmap development, and lifecycle execution for Penguin's AI Factory Platform. Colle brings 25 years of experience to Penguin Solutions, joining from Amazon Web Services (AWS) where he most recently served as general manager of advanced computing and simulation. At AWS, he helped build a global HPC and AI infrastructure business from the ground up and scale it into a multi-billion-dollar portfolio, leading globall

Mark Adams to Retire as President and CEO Kash Shaikh Appointed as President and CEO Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (NASDAQ:PENG), a leading provider of high-performance computing and AI infrastructure solutions, today announced the retirement of Mark Adams as President and Chief Executive Officer and as a Director of the Company. After a thorough search process, the Board has appointed technology veteran Kash Shaikh as President and Chief Executive Officer and as a Director of the Company, effective February 2, 2026. To ensure a smooth transition, Adams will remain with the Company as an advisor for nine months. This press release features multimedia. V

SC25 attendees will gain valuable insights into manageability, scalability, and performance for advanced solutions that drive enterprise AI forward Penguin Solutions, Inc. (Penguin Solutions, Nasdaq: PENG) today announced its participation at Supercomputing 25 (SC25), the international conference for high-performance computing (HPC), networking, storage, and analysis taking place in St. Louis, Missouri on November 16-21, 2025. Penguin's involvement in the event will include product demonstrations, speaking engagements, and presence on the show floor with partners. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251104689133/en/Pe

Strategic realignment underscores transformation to an AI Infrastructure Solutions Company Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) (the "Company") today announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation, and further enable go-to-market strategies in systems, software, services, and end-to-end advanced computing solutions. "We are excited to have Tony and Ted join Penguin Solutions as we strengthen our organization for the future," said President an