Penguin Solutions, Inc.

Penguin Solutions, Inc. is an end-to-end technology company specializing in Intelligent Platform Solutions, Integrated Memory, and Optimized LED businesses. The company positions itself as an "AI factory platform company" and a designer and developer of high-performance, high-availability enterprise solutions, with a core mission to support customers in achieving their ambitions across its various segments by transforming complex challenges into opportunities. Headquartered in Fremont, California, Penguin Solutions was founded in 1988.

Penguin Solutions operates through three primary segments: Advanced Computing, Integrated Memory, and Optimized LED. The Advanced Computing segment offers specialized platform solutions and services for artificial intelligence (AI), high-performance computing (HPC), machine learning, and the Internet of Things (IoT) under its Penguin Computing and Stratus brands. This includes servers, software like Scyld ClusterWare, and AI infrastructure solutions such as Penguin Solutions OriginAI for large-scale GPU deployments. The Integrated Memory segment provides integrated memory solutions, including DRAM, solid-state/flash storage, and other memory products, primarily under the SMART Modular Technologies brand. The Optimized LED segment offers a broad portfolio of application-optimized LEDs through its Cree LED brand.

In recent corporate developments, Penguin Solutions completed its redomiciliation from the Cayman Islands to Delaware in June 2025 and officially changed its name from SMART Global Holdings, Inc. to Penguin Solutions, Inc. in October 2024. The company's common stock trades on the Nasdaq Global Select Market under the ticker symbol "PENG." Kash Shaikh serves as the President and Chief Executive Officer, having joined in 2026. Recent news includes the divestment of its remaining interest in the Brazil Memory Module Business and the release of its 2025 Environmental and Social Sustainability Report in April 2026. The company continues to focus on its role as a key player in AI infrastructure, enabling optimized AI inference infrastructure for partners like Deepgram.