Penguin Solutions, Inc.

Penguin Solutions, Inc. is an end-to-end technology company that designs, builds, deploys, and manages high-performance, high-availability enterprise solutions. The company focuses on solving complex challenges in computing, memory, and LED solutions, helping customers achieve breakthrough innovations. Penguin Solutions customizes solutions to facilitate rapid time to value, optimized long-term performance, high availability, and greater return on investment. As of the end of fiscal 2025, Penguin Solutions employed approximately 2,900 employees worldwide, with most located in the United States, China, and Malaysia. On October 15, 2024, the company changed its corporate name from "SMART Global Holdings, Inc." to "Penguin Solutions, Inc." and its Nasdaq Global Select Market ticker symbol from "SGH" to "PENG." These changes did not impact the legal entity structure, financial statements, or previously reported financial information. On June 30, 2025, the parent company of the corporate group completed its U.S. Domestication from the Cayman Islands to the State of Delaware in the United States. The company's business segments include computing, memory, and LED solutions, where it supports customers in adopting technological advancements by combining leading-edge technologies with its software and services.