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DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #BlizzardLighting--Cree LED and Blizzard Lighting today announced a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents.
Penguin Solution is reiterated as a buy, driven by robust core AI infrastructure growth and expanding sovereign AI opportunities. PENG's Q1 headline numbers understate performance; core Advanced Computing grew 52% y/y, and Integrated Memory revenue surged 41% y/y. Sovereign AI projects across multiple regions provide durable, non-discretionary growth, complementing enterprise and memory-driven momentum.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing.
DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CreeLED--Cree LED today announced its new Level 2 (L2) Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies (PCBAs).
SG Americas Securities LLC bought a new stake in shares of Penguin Solutions, Inc. (NASDAQ: PENG) during the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund bought 149,173 shares of the company's stock, valued at approximately $3,920,000. SG Americas Securities LLC owned approximately 0.28% of
Penguin Solutions NASDAQ: PENG could be the deep value AI play you've been looking for. It's currently trading at pennies on the dollar relative to long-term forecasts—forecasts that may be overly cautious.
Penguin Solutions (PENG) is pivoting to AI infrastructure, driving modest revenue growth and maintaining strong gross margins despite market volatility. PENG's Q1 revenue rose 2% sequentially to $343M, with Advanced Computing up 9%, but hyperscale hardware sales were absent. Non-GAAP operating income grew 1% year-over-year to $42M, aided by disciplined cost controls and reduced operating expenses.
U.S. stock futures were mixed on Wednesday after a higher close on Tuesday. Futures of major benchmark indices were mixed. Investors are bracing for a heavy slate of economic releases, including the ADP employment report and ISM services index, on Wednesday.
US stock futures mixed, watch for earnings from Albertsons, Penguin Solutions, UniFirst, AAR, and Constellation Brands.
Penguin Solutions, Inc. (PENG) Q1 2026 Earnings Call Transcript
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today reported financial results for Q1FY26 with net sales of $343M and solid Q1 driven by operational excellence and memory growth.
U.S. stock futures up, focus on AngioDynamics, Microchip Tech, AAR earnings. Galapagos to wind down cell therapy.
U.S. stocks rise on Venezuela raids, Dow hits record high. CNN Money Fear and Greed Index improves but remains in Neutral zone at 46.8.
CWA Asset Management Group LLC increased its position in shares of Penguin Solutions, Inc. (NASDAQ: PENG) by 115.0% in the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,406 shares of the company's stock after purchasing an additional 92,737 shares during the quarter. CWA Asset Management
Cellebrite DI (NASDAQ: CLBT - Get Free Report) and Penguin Solutions (NASDAQ: PENG - Get Free Report) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, profitability, earnings and valuation. Volatility and Risk Cellebrite DI has
Pacer Advisors Inc. reduced its stake in Penguin Solutions, Inc. (NASDAQ: PENG) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,261 shares of the company's stock after selling 124,109 shares during the quarter. Pacer Advisors
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions will host its quarterly financial webcast & conf call for Q1FY26 earnings after market close on Tues Jan 6 at 1:30 pm PT/4:30 pm ET.
Penguin Solutions enters FY26 with two growth engines—Advanced Computing and Integrated Memory—driving a more balanced and resilient business model. Integrated Memory delivered 30% annual growth and 38% in Q4, with CXL traction and the SK hynix partnership enhancing visibility and strategic positioning. The Dell partnership in Advanced Computing is expanding PENG's customer base and improving revenue conversion, supporting more predictable execution.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #DDR5--Penguin Solutions announced the release of its SMART 64GB DDR5-6400 ECC CSODIMM memory modules, the newest addition to its broad DDR5 SODIMM lineup.
American Century Companies Inc. boosted its holdings in Penguin Solutions, Inc. (NASDAQ: PENG) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 956,715 shares of the company's stock after buying an additional 156,361 shares during the quarter. American Century Companies