Penguin Solutions, Inc. - Common Stock (PENG)

Penguin Solutions, Inc. (Nasdaq: PENG), the AI factory platform company, today announced a strategic collaboration with Deepgram and Dell Technologies to architect and deploy a fully optimized, production-ready infrastructure aligned to Deepgram’s demanding enterprise voice AI requirements. By leveraging its unique expertise in designing, building, deploying, and managing AI infrastructure with Dell PowerEdge servers and Dell PowerScale storage optimized for AI workloads, Penguin Solutions delivered an optimal solution to support and enhance Deepgram’s innovative Speech-to-Text (STT), Text-to-Speech (TTS), and Voice Agent capabilities, while ensuring maximum reliability and performance.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI factory platform company, today announced the expansion of its OriginAI® portfolio to include solutions that address the need for more GPU memory to solve context size and concurrency, and meet low latency demands of enterprise-scale AI inference. Penguin Solutions’ OriginAI inference solutions seamlessly add large memory appliances to NVIDIA RTX PRO 6000 and NVIDIA B300 GPU designs, helping to shorten time to value and mitigate performance limitations of AI inference. Designed to improve key operational metrics such as GPU utilization, deployment velocity, and infrastructure reliability, OriginAI enables organizations to run AI workloads with predictable performance at scale.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI factory platform company, today announced the industry's first production-ready KV cache server that utilizes CXL memory technology to address the critical "memory wall" challenge in AI inferencing—Penguin Solutions MemoryAI™ KV cache server. This innovative solution delivers up to 11 TB of CXL-based memory engineered to optimize performance of enterprise scale inference, including agentic AI. The result is lower latency, higher throughput, increased efficiency of GPU clusters, consistent achievement of stringent service-level agreements (SLAs), and faster time-to-first-token (TTFT).

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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.

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Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”) today announced the grant of inducement equity awards to its new Senior Vice President and Chief Product Officer, Ian Colle, in connection with the commencement of his employment with the Company on March 2, 2026. The independent Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the grants to Mr. Colle on March 2, 2026 of time-based restricted stock units with respect to 64,233 shares of Common Stock of the Company (the “RSUs”) and performance-based restricted stock units with respect to 64,233 shares of Common Stock of the Company at the target level of performance (the “PSUs”).

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 globally distributed teams across product management, engineering, go-to-market, and operations.

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Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), today announced OptiLamp™ LEDs, a new display technology that integrates driver and control intelligence directly into every LED pixel. Built on patented Cree LED technology, the OptiLamp portfolio advances LED display design by delivering superior image quality with reduced power consumption and a streamlined system architecture.

Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”) today announced the grant of inducement equity awards to its new President and Chief Executive Officer, Kash Shaikh, in connection with the commencement of his employment with the Company on February 2, 2026. The independent Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the grants to Mr. Shaikh on February 2, 2026 of time-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company’s common stock (the “Initial RSUs” and the “Supplemental RSUs,” respectively) and performance-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company’s common stock at the target level of performance (the “Stock Appreciation PSUs” and the “Relative TSR PSUs,” respectively).

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.

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard’) today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to LED components commonly used in LED displays. As part of the settlement, Cree LED has granted Blizzard a limited license to certain Cree LED patents covering LED components.

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Penguin Solutions, Inc. (Nasdaq: PENG) a leading provider of high-performance computing and AI infrastructure solutions, today announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL® compliance testing. This achievement not only signifies adherence to industry standards, but positions Penguin Solutions as a trusted leader in advanced memory technology for CXL applications. Penguin’s SMART Modular CXL NV-CMM E3.S 2T Memory Module is now listed on the CXL Consortium's Integrators List.

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced its new Level 2 (L2) Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies (PCBAs). The new lineup gives lighting manufacturers a streamlined way to source LEDs and assembled boards from a single, trusted supplier.

Penguin Solutions’ first quarter results were greeted positively by the market, with management noting robust enterprise demand and a shift from hyperscale to broader AI adoption. CEO Mark Adams discussed the company’s rapid development workshops and tailored system design capabilities, which have been important in driving new customer wins, particularly in advanced computing and memory. Management also pointed to operational discipline and lower inventory days as supporting factors, while acknowledging ongoing headwinds in the LED segment.

Penguin Solutions has gotten torched over the last six months - since July 2025, its stock price has dropped 21.6% to $19.37 per share. This may have investors wondering how to approach the situation.

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