Penguin Solutions, Inc. (PENG)

Penguin Solutions, Inc. is a technology company that designs and delivers high-performance computing, artificial intelligence infrastructure and memory solutions for enterprise, government and cloud customers. The company was formerly known as SMART Global Holdings and adopted the Penguin Solutions name in 2024, reflecting its focus on large-scale AI and HPC systems.

Its business is organized around advanced computing, which designs, builds, deploys and manages clustered computing infrastructure and related software and services; integrated memory, which supplies specialty DRAM and flash memory modules and storage products, including memory expansion technologies for data centers; and optimized LED, which offers high-performance lighting through its Cree LED business.

Penguin Solutions serves customers that need complex compute environments delivered and supported at scale, along with OEMs that buy specialty memory. The company is headquartered in Milpitas, California, and its common stock trades on Nasdaq.