Technology · Hardware, Equipment & Parts
Price
$78.47
Market Cap
$4.1B
Employees
2,700
Beta
2.83
Avg Volume
3,105,583
CEO
Kash Shaikh
Penguin Solutions, Inc. is a global technology company focused on designing and delivering advanced enterprise solutions. Its business operations are segmented into three primary divisions: Advanced Computing, Integrated Memory, and Optimized LED. Within its Integrated Memory segment, the company supplies sophisticated memory solutions, including dynamic random access memory (DRAM) modules, solid-state drives (SSDs), and flash storage. These offerings cater to demanding applications in networking, telecommunications, data analytics, and artificial intelligence/machine learning. This segment also provides comprehensive supply chain management services, encompassing procurement, logistics, inventory control, temporary warehousing, programming, kitting, and packaging. The Advanced Computing division features several key product lines. Penguin Computing delivers specialized technical computing for core data centers and cloud environments, focusing on high-performance computing (HPC) and AI solutions. Penguin Edge offers robust edge computing tailored for embedded and wireless applications, serving critical sectors such as government, healthcare, manufacturing, and telecommunications. Moreover, the Stratus brand provides inherently fault-tolerant computing solutions—combining hardware and software—that are simplified, protected, and autonomous for both data center and edge deployments, supporting industries like education, energy, financial services, government, hyperscale, and manufacturing. The Optimized LED segment produces advanced LED components under the Cree LED brand, including blue and green gallium nitride-based LED chips and associated materials. It also manufactures surface mount devices (SMDs) under the Cree LED XLamp and J Series brands. Penguin Solutions reaches its diverse clientele, which includes original equipment manufacturers (OEMs), enterprise clients, government entities, and other end-users, through a multi-channel sales approach. This includes a direct sales force, e-commerce platforms, customer service teams, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. Founded in 1988 and headquartered in Grand Cayman, Cayman Islands, the company will officially adopt the name Penguin Solutions, Inc. in October 2024, having previously operated as SMART Global Holdings, Inc.
Runs with full report
Price Overview
Last updated: Jul 8, 2026 11:32pm (just now)
Current data · timestamped when a report runs
$78.47
Change · Jul 8
+15.76 (+25.13%)
Day Range
$63.76 – $80.00
52-Week Range
$16.04 – $80.00
50-Day MA
$54.81
200-Day MA
$29.53
Volume
13,716,404.00
Analyst Price Targets
Low
$25.00
Consensus
$60.00
High
$80.00
(13 analysts)
Share Structure
Outstanding
51,242,701.00
Float
49,104,304.00
Free Float
95.8%
High free float
— 95.8% of shares trade freely, ~4.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
41.82
Stock Price: $78.47
EPS (Diluted): 0.29
EPS (Diluted): 0.29
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.15
Stock Price: $78.47
Total Equity: $595.96M
Shares: 54,368,000
Total Equity: $595.96M
Shares: 54,368,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
27.54
Market Cap: $4.12B
Total Debt: $670.30M
Cash: $453.75M
EBITDA: $112.42M
Total Debt: $670.30M
Cash: $453.75M
EBITDA: $112.42M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.6B
Market Cap: $4.12B
Total Debt: $670.30M
Cash: $453.75M
Total Debt: $670.30M
Cash: $453.75M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
28.8%
Gross Profit: $394.27M
Revenue: $1.37B
Revenue: $1.37B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.4%
Operating Income: $74.20M
Revenue: $1.37B
Revenue: $1.37B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1.6%
Net Income: $21.58M
Revenue: $1.37B
Revenue: $1.37B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
17.6%
Net Income: $21.58M
Total Equity: $595.96M
Total Equity: $595.96M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.6%
Operating Income: $74.20M
Tax Rate: 41.0%
Equity: $595.96M
Total Debt: $670.30M
Cash: $453.75M
Tax Rate: 41.0%
Equity: $595.96M
Total Debt: $670.30M
Cash: $453.75M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.25
Current Assets: $1.06B
Current Liabilities: $473.90M
Current Liabilities: $473.90M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.12
Short-Term Debt: $25.70M
Long-Term Debt: $644.60M
Total Debt: $670.30M
Total Equity: $595.96M
Long-Term Debt: $644.60M
Total Debt: $670.30M
Total Equity: $595.96M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$25.18
Revenue: $1.37B
Shares: 54,368,000
Shares: 54,368,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$10.96
Total Equity: $595.96M
Shares: 54,368,000
Shares: 54,368,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.84
Operating CF: $109.08M
CapEx: -$9.01M
Shares: 54,368,000
CapEx: -$9.01M
Shares: 54,368,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.6%
Last Dividend: N/A
Stock Price: $78.47
Stock Price: $78.47
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $21.58M
Net Income: $21.58M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PENG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.4B | $1.2B | $1.4B |
| Cost of Revenue | $817.6M | $1.0B | $1.0B | $827.9M | $974.5M |
| Gross Profit | $238.0M | $391.0M | $415.2M | $342.9M | $394.3M |
| Operating Expenses | $253.7M | $323.9M | $406.4M | $324.6M | $320.1M |
| Operating Income | -$15.7M | $67.2M | $8.7M | $18.3M | $74.2M |
| Net Income | $21.3M | $66.6M | -$187.5M | -$52.5M | $21.6M |
| EBITDA | $19.8M | $113.5M | $68.5M | $62.9M | $112.4M |
| EPS | $0.44 | $1.35 | $-3.78 | $-1.00 | $0.29 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $223.0M | $313.3M | $365.6M | $383.1M | $453.8M |
| Total Current Assets | $950.8M | $1.2B | $907.4M | $867.7M | $1.1B |
| Total Assets | $1.3B | $1.6B | $1.5B | $1.5B | $1.6B |
| Current Liabilities | $583.8M | $515.5M | $426.3M | $327.6M | $473.9M |
| Long-Term Debt | $340.5M | $575.7M | $754.8M | $657.3M | $644.6M |
| Total Liabilities | $1.0B | $1.2B | $1.3B | $1.1B | $1.0B |
| Total Equity | $310.3M | $371.6M | $222.5M | $391.4M | $596.0M |
| Retained Earnings | $184.8M | $251.3M | $82.5M | $30.0M | $46.7M |
Cash Flow (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $153.4M | $104.9M | $104.4M | $77.2M | $109.1M |
| Capital Expenditure | -$16.7M | -$20.4M | -$39.4M | -$19.4M | -$9.0M |
| Free Cash Flow | $136.7M | $84.6M | $65.0M | $57.8M | $100.1M |
| Acquisitions (net) | -$35.7M | $0 | -$213.1M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$48.5M | -$57.2M | -$24.7M | -$21.3M | -$60.2M |
| Net Change in Cash | $72.2M | $140.1M | $47.0M | -$26.6M | $70.6M |
Analyst Estimates (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.4B $1.3B – $1.4B
|
$1.6B $1.6B – $1.7B
|
$2.0B $2.0B – $2.1B
|
$2.3B $2.2B – $2.4B
|
| EBITDA |
$77.9M $76.1M – $79.6M
|
$92.1M $90.1M – $94.3M
|
$115.6M $113.0M – $118.2M
|
$130.3M $127.4M – $133.3M
|
| Net Income |
$100.0M $97.0M – $103.0M
|
$136.7M $132.6M – $140.7M
|
$174.7M $169.6M – $179.9M
|
$195.6M $189.8M – $201.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +32.2% | +3.3% | -18.8% | +16.9% |
| Gross Profit Growth | +64.3% | +6.2% | -17.4% | +15.0% |
| Operating Income Growth | +527.7% | -87.0% | +109.2% | +305.6% |
| Net Income Growth | +212.3% | -381.8% | +72.0% | +141.1% |
| EBITDA Growth | +472.8% | -39.6% | -8.2% | +78.7% |
Insider Trading (Recent)
Last updated: Jul 8, 2026 10:23pm (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Kuykendall Anne | S-Sale | 200.00 | $62.51 | $12,502 |
| 2026-06-15 | Kuykendall Anne | S-Sale | 2,104.00 | $64.16 | $134,985 |
| 2026-06-15 | Kuykendall Anne | S-Sale | 1,596.00 | $64.82 | $103,451 |
| 2026-06-15 | Kuykendall Anne | S-Sale | 100.00 | $65.63 | $6,563 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 1,000.00 | $55.53 | $55,535 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 1,100.00 | $56.54 | $62,189 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 900.00 | $57.73 | $51,960 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 1,439.00 | $58.50 | $84,181 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 4,612.00 | $59.97 | $276,560 |
| 2026-06-01 | Clark Joseph Gates | S-Sale | 1,300.00 | $60.76 | $78,989 |
| 2026-05-26 | Kuykendall Anne | S-Sale | 300.00 | $52.58 | $15,773 |
| 2026-05-26 | Kuykendall Anne | S-Sale | 1,600.00 | $54.11 | $86,568 |
| 2026-05-26 | Kuykendall Anne | S-Sale | 2,100.00 | $54.98 | $115,453 |
| 2026-05-18 | HEARD DAVID W | A-Award | 4,485.00 | $0.00 | $0 |
| 2026-05-18 | HEARD DAVID W | 0.00 | $0.00 | $0 | |
| 2026-05-14 | Straub Maximiliane C | S-Sale | 3,000.00 | $49.00 | $147,000 |
| 2026-05-11 | Straub Maximiliane C | S-Sale | 8,000.00 | $45.00 | $359,995 |
| 2026-05-12 | Straub Maximiliane C | S-Sale | 4,000.00 | $44.34 | $177,364 |
| 2026-05-11 | NAYYAR SANDEEP | S-Sale | 12,893.00 | $45.09 | $581,334 |
| 2026-05-12 | NAYYAR SANDEEP | S-Sale | 7,107.00 | $43.48 | $309,012 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PENG — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.393 · 6a8d9cc1 · 2026-07-08 21:32:56