Penguin Solutions, Inc. - Common Stock (PENG)

Penguin Solutions, Inc. (“Penguin Solutions,” “Penguin,” or the “Company”) (Nasdaq: PENG), the AI Factory Platform Company, today announced that it has entered into a definitive agreement to sell its Cree LED business (“Cree LED”) to Transom Capital Group (“Transom”), a leading operations-focused middle-market private equity firm.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced its participation at SC26, the international conference for high-performance computing (HPC), networking, storage, and analysis, taking place November 15-20, 2026, in Chicago.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced its newest SMART Modular DDR5 Multi-Ranked Dual In-line Memory Module (MRDIMM), expanding its portfolio of memory solutions designed for AI data centers. Running at industry-leading DDR5-12800 speeds, these new MRDIMMs address growing bandwidth demand created by the exponential growth in AI inference and agentic AI workloads.

Multi-year agreement expands Axe Compute’s deployment capacity to meet customer demand as contracted projects exceed $3.45 billion.

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 Financial Officer, Stephen Cumming, in connection with the commencement of his employment with the Company on October 6, 2026. On that date, pursuant to approval by the independent Compensation Committee of the Board of Directors of the Company (the “Committee”), the Company granted to Mr. Cumming time-based restricted stock units with respect to 33,502 shares of Common Stock of the Company (the “RSUs”) and performance-based restricted stock units with respect to 48,818 shares of Common Stock of the Company at the target level of performance (the “PSUs”).

Penguin Solutions, Inc. (“Penguin Solutions,” “Penguin,” or the “Company”) (Nasdaq: PENG), the AI Factory Platform Company, today announced the appointment of Stephen Cumming as Senior Vice President and Chief Financial Officer, effective immediately.

Penguin Solutions, Inc. (“Penguin Solutions,” “Penguin,” “we,” “us,” “our,” or the “Company”) (Nasdaq: PENG), the AI Factory Platform Company, today announced financial results for its fiscal fourth quarter and full year 2026 ended August 28, 2026. The Company also raised its outlook for its fiscal 2027 full year as compared to the preliminary view provided last quarter.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company that designs, builds, and manages next-generation AI data center infrastructure worldwide, will host a conference call on Tuesday, October 6, 2026, at 1:30 p.m. Pacific Daylight Time (PDT) / 4:30 p.m. Eastern Daylight Time (EDT) to discuss its financial results for the fourth quarter and full fiscal year 2026, which ended August 28, 2026.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company that designs, builds, and manages next generation AI data center infrastructure worldwide, today announced that it has been selected by Lektra to deploy and optimize their AI micro data centers. Penguin Solutions will provide validated reference designs, AI-optimized compute, and expert-led services and support needed to deliver and scale Lektra distributed EdgeScale™ AI data centers.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced its participation at AI Infra Summit 2026, taking place September 15-17 at the Santa Clara Convention Center. Penguin will host product demonstrations at booth #520 and deliver a speaking session during the conference program.

Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Promier Products, Inc. today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to LED components used in portable lighting products. As part of the settlement, Cree LED has granted Promier Products a limited license to certain Cree LED patents covering LED components.

Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Nanolumens today announced that they have entered into a mutually beneficial patent cross-license agreement that resolves a patent infringement dispute involving Cree LED’s patents related to LED components commonly used in LED displays.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that the company will present at the following investor conference:

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that the company will participate in the following investor conference:

Penguin Solutions, Inc., the AI Factory Platform Company (“Penguin,” “we” or the “Company”) (Nasdaq: PENG), today announced that it has closed its previously announced private offering of $750.0 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The $750.0 million aggregate principal amount includes $100.0 million aggregate principal amount of Notes issued in connection with the initial purchasers’ full exercise of their option. Concurrently with the offering, the Company is exchanging a portion of certain existing convertible senior notes due 2029 and 2030 for cash and shares of common stock.

Penguin Solutions, Inc., the AI Factory Platform Company (“Penguin,” “we” or the “Company”) (Nasdaq: PENG), today announced the pricing of $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Concurrently with the offering, the Company expects to exchange a portion of certain existing convertible senior notes due 2029 and 2030. The Company has granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $100.0 million aggregate principal amount of Notes. The offering is expected to close on or about July 17, 2026, subject to customary closing conditions.

Penguin Solutions, Inc. (“Penguin,” “we” or the “Company”) (Nasdaq: PENG) today announced it intends to offer $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. Concurrently with the offering, the Company expects to enter into privately negotiated exchanges of a portion of certain existing convertible senior notes due 2029 and 2030. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $100.0 million aggregate principal amount of Notes.

Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced its latest ClusterWareAI™ AI Factory Platform Operating System Software. The updated ClusterWareAI software enables AI operators to optimize AI factory performance, improve workload resilience, and simplify operations across an entire AI factory.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced it has become an NVIDIA AI Factory Specialized Partner, joining a select group of NVIDIA Partner Network (NPN) solution providers. Penguin achieved this invitation-only NVIDIA AI Factory specialization by completing NVIDIA’s comprehensive training, maintaining the relevant competencies, meeting solution requirements, and bringing proven experience in designing, building, deploying, and operating full-stack, NVIDIA-based AI factory infrastructure for enterprise and hyperscale customers.

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 third quarter fiscal year 2026 earnings after market close on Tuesday, July 7, 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.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that it has been recognized as the 2026 Dell Technologies Global Alliances Americas AI Partner of the Year. The prestigious award, presented at Dell Technologies World during the Global Partner Alliance event, underscores Penguin Solutions’ proven success in delivering Full-Stack AI Factory Platforms that combine differentiated infrastructure software, advanced memory technologies, compute systems, and services with Dell Technologies' AI-optimized infrastructure solutions.

Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), today announced its new XLamp® XE-B LEDs, extending the industry-leading XLamp Element family into an even smaller form factor to enable new levels of design flexibility and performance. The XE-B LEDs feature an ultra-compact 0.9 × 1.4 mm package engineered to deliver high intensity in optical systems, whether used individually or in arrays.

Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that Nate Olmstead, Senior Vice President and Chief Financial Officer, will step down as the CFO of the company on July 8, 2026 to pursue a new opportunity in a different industry. Aaron Johnson, Penguin Solutions’ Vice President of Finance and Accounting, will succeed Mr. Olmstead as Interim CFO, effective July 9, 2026.

Penguin Solutions, Inc. (“Penguin Solutions” or the “Company”) (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions’ board of directors, effective immediately.