Penguin Solutions, Inc. (PENG) Form 10-K — Oct 20, 2026
Penguin Solutions filed its FY2026 10-K as the 'AI Factory Platform Company,' with Integrated Memory net sales surging to $924.0 million from $464.2 million a year earlier, while Advanced Computing declined to $558.8 million from $648.4 million and Optimized LED slipped to $248.7 million. The company completed its U.S. Domestication from the Cayman Islands to Delaware on June 30, 2025, sold its remaining 19% stake in SMART Brazil (now Zilia Technologies), and fully discontinued its Penguin Edge product portfolio in Q4 FY2026 to focus on higher-growth AI opportunities.
Key figures
- Revenue
- 0
- Shares Outstanding
- 60241423
- Patents
- 1619
- Employees
- 2800
- Rd expense fy2026
- 81700000
- Nonaffiliate market value
- 1060000000
- Pending patent applications
- 531
- Optimized led net sales fy2024
- 259800000
- Optimized led net sales fy2025
- 256100000
- Optimized led net sales fy2026
- 248700000
- Integrated memory net sales fy2024
- 356400000
- Integrated memory net sales fy2025
- 464200000
- Integrated memory net sales fy2026
- 924000000
- Advanced computing net sales fy2024
- 554600000
- Advanced computing net sales fy2025
- 648400000
- Advanced computing net sales fy2026
- 558800000
- Top10 customer concentration fy2026
- 56%
- Purchases from two largest suppliers fy2026
- 1300000000
AI analysis
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