0001616533FALSE00016165332025-01-082025-01-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 8, 2025
PenguinSolutions Logo.jpg

PENGUIN SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Commission File Number 001-38102
Cayman Islands98-1013909
(State or Other Jurisdiction of
Incorporation or Organization)		(I.R.S. Employer
Identification No.)
c/o Walkers Corporate Limited
190 Elgin Avenue
George Town, Grand Cayman
Cayman IslandsKY1-9008
(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, Including Area Code: (510) 623-1231
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, $0.03 par value per sharePENGNasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1

Item 2.02 Results of Operations and Financial Condition.
On January 8, 2025, Penguin Solutions, Inc. (the “Company”) issued a press release and will hold a conference call announcing its financial results for the first quarter of fiscal 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Form 8-K”) and is incorporated herein by reference.
The Company refers to non-GAAP financial information in both the press release and on the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
The information furnished pursuant to Item 2.02 of this Form 8-K, including the information contained in Exhibit 99.1 of this Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No.		Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 8, 2025
Penguin Solutions, Inc.
By:/s/ Nate Olmstead
Nate Olmstead
Senior Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
3


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Exhibit 99.1
Press Release
FOR IMMEDIATE RELEASE


PENGUIN SOLUTIONS REPORTS Q1 FISCAL 2025 FINANCIAL RESULTS
Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing


Milpitas, Calif. – January 8, 2025 – Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (NASDAQ: PENG) today reported financial results for the first quarter of fiscal 2025.
First Quarter Fiscal 2025 Highlights
•Net sales of $341 million, up 24.4% versus the year-ago quarter
•GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter
•Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter
•GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter
•Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter
“Our strong performance this quarter, highlighted by a 49% year-over-year increase in Advanced Computing revenue, reflects the continued execution of our strategy to support customers navigating the complexities of AI infrastructure implementation,” said Mark Adams, CEO of Penguin Solutions. “Our approach as a provider of differentiated hardware, software and managed services enables us to serve as a trusted advisor for our large enterprise customers. Based on our positive start to the year, we are pleased to affirm our outlook for the full fiscal year,” concluded Adams.
Quarterly Financial Results
 
GAAP (1)
 
Non-GAAP (2)
(in thousands, except per share amounts)Q1 FY25Q4 FY24Q1 FY24Q1 FY25Q4 FY24Q1 FY24
Net sales:
Advanced Computing$177,426 $149,355 $118,824 $177,426 $149,355 $118,824 
Integrated Memory96,706 95,832 85,668 96,706 95,832 85,668 
Optimized LED66,970 65,961 69,755 66,970 65,961 69,755 
Total net sales$341,102 $311,148 $274,247 $341,102 $311,148 $274,247 
Gross profit$97,812 $87,086 $82,850 $105,122 $96,007 $91,277 
Operating income17,356 8,791 1,305 40,918 33,739 26,679 
Net income (loss) attributable to Penguin Solutions5,217 (24,547)(11,773)26,518 20,007 12,538 
Diluted earnings (loss) per share$0.10 $(0.46)$(0.23)$0.49 $0.37 $0.24 
(1)GAAP represents U.S. Generally Accepted Accounting Principles.
(2)Non-GAAP represents GAAP excluding the impact of certain activities. Further information regarding the Company’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures is included within this press release.




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Business Outlook
As of January 8, 2025, Penguin Solutions is providing the following financial outlook for fiscal year 2025:
 
GAAP
Outlook
Adjustments
Non-GAAP
Outlook
Net sales15% YoY Growth +/- 5%—15% YoY Growth +/- 5%
Gross margin30% +/- 1%2%(A)32% +/- 1%
Operating expenses$335 million +/- $15 million($60) million(B)(C)$275 million +/- $15 million
Diluted earnings per share$0.10 +/- $0.20$1.40(A)(B)(C)(D)$1.50 +/- $0.20
Diluted shares56.3 million—56.3 million
Non-GAAP adjustments (in millions)
(A) Share-based compensation and amortization of acquisition-related intangibles included in cost of sales$31 
(B) Share-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A48 
(C) Other adjustments12 
(D) Estimated income tax effects(12)
$79 
First Quarter Fiscal 2025 Earnings Conference Call and Webcast Details
Penguin Solutions will hold a conference call and webcast to discuss the first quarter of fiscal 2025 results and related matters today, January 8, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Interested parties may access the call by dialing +1-833-470-1428 in the United States or +1-929-526-1599 from international locations, using the access code 213238. The earnings presentation and a live webcast of the conference call can be accessed from the Company’s investor relations website (https://ir.penguinsolutions.com/investors/default.aspx) where they will remain available for approximately one year.
Use of Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning or regarding future events and the future financial and operating performance of Penguin Solutions; statements regarding the extent and timing of and expectations regarding Penguin Solutions’ future revenues and expenses; statements regarding Penguin Solutions’ strategic transformation and priorities; statements regarding long-term effective tax rates; and statements regarding the business and financial outlook for the next fiscal year described under “Business Outlook” above.
These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “anticipate,” “target,” “expect,” “estimate,” “intend,” “plan,” “goal,” “believe,” “could,” and other words of similar meaning. Forward-looking statements provide our current expectations or forecasts of future events, circumstances, results or aspirations and are subject to a number of significant risks, uncertainties and other factors, many of which are outside of our control, including but not limited to: global business and economic conditions and growth trends in technology industries (including trends and markets related to artificial intelligence), our customer markets and various geographic regions; uncertainties in the geopolitical environment; the ability to manage our cost structure; disruptions in our operations or supply chain as a result of global pandemics or otherwise; changes in trade regulations or adverse developments in international trade relations and agreements; changes in currency exchange rates; overall information technology spending; appropriations for government spending; the success of our strategic initiatives including our rebranding and related strategy, any potential collaborations and additional investments in new products and additional capacity; acquisitions of companies or technologies and the failure to successfully integrate and operate them or customers’ negative reactions to them; issues, delays or complications in integrating the operations of Stratus



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Technologies; failure to achieve the intended benefits of the sale of SMART Brazil and its business; limitations on or changes in the availability of supply of materials and components; fluctuations in material costs; the temporary or volatile nature of pricing trends in memory or elsewhere; deterioration in customer relationships; our dependence on a select number of customers and the timing and volume of customer orders; production or manufacturing difficulties; competitive factors; technological changes; difficulties with, or delays in, the introduction of new products; slowing or contraction of growth in the memory market, LED market or other markets in which we participate; changes to applicable tax regimes or rates; changes to the valuation allowance for our deferred tax assets, including any potential inability to realize these assets in the future; prices for the end products of our customers; strikes or labor disputes; deterioration in or loss of relations with any of our limited number of key vendors; the inability to maintain or expand government business; and the continuing availability of borrowings under term loans and revolving lines of credit and our ability to raise capital through debt or equity financings.
These and other risks, uncertainties and factors are described in greater detail under the sections titled “Risk Factors,” “Critical Accounting Estimates,” “Results of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and “Liquidity and Capital Resources” contained in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and our other filings with the U.S. Securities and Exchange Commission. In addition, such risks, uncertainties and factors as outlined above and in such filings do not constitute all risks, uncertainties and factors that could cause our actual results to be materially different from such forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we do not undertake to update the forward-looking statements contained in this press release to reflect the impact of circumstances or events that may arise after the date that the forward-looking statements were made.
Statement Regarding Use of Non-GAAP Financial Measures
This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP effective tax rate, non-GAAP net income, non-GAAP weighted-average shares outstanding, non-GAAP diluted earnings per share and Adjusted EBITDA. Penguin Solutions management uses these non-GAAP measures to supplement Penguin Solutions’ financial results under GAAP. Management uses these measures to analyze its operations and make decisions as to future operational plans and believes that this supplemental non-GAAP information is useful to investors in analyzing and assessing the Company’s past and future operating performance. These non-GAAP measures exclude certain items, such as share-based compensation expense; amortization of acquisition-related intangible assets (consisting of amortization of developed technology, customer relationships and trademarks/trade names acquired in connection with business combinations); cost of sales-related restructuring; diligence, acquisition and integration expense; restructuring charges; impairment of goodwill; changes in the fair value of contingent consideration; gains (losses) from changes in foreign currency exchange rates; amortization of debt issuance costs; gain (loss) on extinguishment or prepayment of debt; other infrequent or unusual items and related tax effects and other tax adjustments. While amortization of acquisition-related intangible assets is excluded, the revenues from acquired companies are reflected in the Company’s non-GAAP measures and these intangible assets contribute to revenue generation. Management believes the presentation of operating results that exclude certain items provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses adjusted EBITDA, which represents GAAP net income (loss), adjusted for net interest expense; income tax provision (benefit); depreciation expense and amortization of intangible assets; share-based compensation expense; cost of sales-related restructuring; diligence, acquisition and integration expense; restructuring charges; loss on extinguishment of debt and other infrequent or unusual items.
In fiscal 2024, for our non-GAAP reporting, we began to utilize a long-term projected non-GAAP effective tax rate of 28%, which includes the tax impact of pre-tax non-GAAP adjustments and reflects currently available information as well as other factors and assumptions. While we expect to use this normalized non-GAAP effective tax rate through fiscal 2025, this long-term non-GAAP effective tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix or changes to our strategy or business operations. Our GAAP effective tax rate can vary significantly from quarter



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to quarter based on a variety of factors, including, but not limited to, discrete items which are recorded in the period they occur, the tax effects of certain items of income or expense, significant changes in our geographic earnings mix or changes to our strategy or business operations. We are unable to predict the timing and amounts of these items, which could significantly impact our GAAP effective tax rate, and therefore we are unable to reconcile our forward-looking non-GAAP effective tax rate measure to our GAAP effective tax rate.
Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about Penguin Solutions’ financial results, as noted above. The presentation of these adjusted amounts varies from amounts presented in accordance with GAAP and therefore may not be comparable to amounts reported by other companies. In addition, adjusted EBITDA does not purport to represent cash flow provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Investors are encouraged to review the “Reconciliation of GAAP to Non-GAAP Measures” tables below.
About Penguin Solutions
The most exciting technological advancements are also the most challenging for companies to adopt. At Penguin Solutions, we support our customers in achieving their ambitions across our computing, memory, and LED lines of business. With our expert skills, experience, and partnerships, we turn our customers’ most complex challenges into compelling opportunities.
For more information, visit www.penguinsolutions.com.


Penguin Solutions, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

 Three Months Ended
 November 29,
2024		August 30,
2024		December 1,
2023
Net sales:
Advanced Computing$177,426 $149,355 $118,824 
Integrated Memory96,706 95,832 85,668 
Optimized LED 66,970 65,961 69,755 
Total net sales341,102 311,148 274,247 
Cost of sales243,290 224,062 191,397 
Gross profit97,812 87,086 82,850 
Operating expenses:
Research and development19,811 19,941 21,389 
Selling, general and administrative60,536 58,029 57,217 
Other operating (income) expense109 325 2,939 
Total operating expenses80,456 78,295 81,545 
Operating income (loss)17,356 8,791 1,305 
Non-operating (income) expense:
Interest expense, net4,396 5,403 9,559 
Other non-operating (income) expense636 20,971 (576)
Total non-operating (income) expense5,032 26,374 8,983 
Income (loss) before taxes12,324 (17,583)(7,678)
Income tax provision6,360 6,209 3,534 
Net income (loss) from continuing operations5,964 (23,792)(11,212)
Net loss from discontinued operations— — (8,148)
Net income (loss)5,964 (23,792)(19,360)
Net income attributable to noncontrolling interest747 755 561 
Net income (loss) attributable to Penguin Solutions$5,217 $(24,547)$(19,921)
Basic earnings (loss) per share:
Continuing operations$0.10 $(0.46)$(0.23)
Discontinued operations— — (0.15)
$0.10 $(0.46)$(0.38)
Diluted earnings (loss) per share:
Continuing operations$0.10 $(0.46)$(0.23)
Discontinued operations— — (0.15)
$0.10 $(0.46)$(0.38)
Shares used in per share calculations:
Basic53,482 53,071 52,068 
Diluted54,312 53,071 52,068 


Penguin Solutions, Inc.
Reconciliation of GAAP to Non-GAAP Measures
(In thousands, except percentages)
(Unaudited)

 Three Months Ended
 November 29,
2024		August 30,
2024		December 1,
2023
GAAP gross profit$97,812 $87,086 $82,850 
Share-based compensation expense1,643 1,847 1,815 
Amortization of acquisition-related intangibles5,909 5,909 5,944 
Cost of sales-related restructuring(42)865 668 
Other(200)300 — 
Non-GAAP gross profit$105,122 $96,007 $91,277 
  
GAAP gross margin28.7 %28.0 %30.2 %
Effect of adjustments2.1 %2.9 %3.1 %
Non-GAAP gross margin30.8 %30.9 %33.3 %
GAAP operating expenses$80,456 $78,295 $81,545 
Share-based compensation expense(9,888)(8,512)(9,155)
Amortization of acquisition-related intangibles(3,846)(3,838)(4,064)
Diligence, acquisition and integration expense(833)(2,094)(789)
Restructuring charges(109)(325)(2,939)
Other(1,576)(1,258)— 
Non-GAAP operating expenses$64,204 $62,268 $64,598 
  
GAAP operating income$17,356 $8,791 $1,305 
Share-based compensation expense11,531 10,359 10,970 
Amortization of acquisition-related intangibles9,755 9,747 10,008 
Cost of sales-related restructuring(42)865 668 
Diligence, acquisition and integration expense833 2,094 789 
Restructuring charges109 325 2,939 
Other1,376 1,558 — 
Non-GAAP operating income$40,918 $33,739 $26,679 


Penguin Solutions, Inc.
Reconciliation of GAAP to Non-GAAP Measures
(In thousands, except per share amounts)
(Unaudited)

 Three Months Ended
 November 29,
2024		August 30,
2024		December 1,
2023
GAAP net income (loss) attributable to Penguin Solutions$5,217 $(24,547)$(11,773)
Share-based compensation expense11,531 10,359 10,970 
Amortization of acquisition-related intangibles9,755 9,747 10,008 
Cost of sales-related restructuring(42)865 668 
Diligence, acquisition and integration expense833 2,094 789 
Restructuring charges109 325 2,939 
Amortization of debt issuance costs953 897 1,042 
Loss (gain) on extinguishment or prepayment of debt— 21,646 — 
Foreign currency (gains) losses1,028 (1,072)(546)
Other1,376 1,558 — 
Income tax effects(4,242)(1,865)(1,559)
Non-GAAP net income attributable to Penguin Solutions$26,518 $20,007 $12,538 
Weighted-average shares outstanding - Diluted:
GAAP weighted-average shares outstanding54,312 53,071 52,068 
Adjustment for dilutive securities and capped calls— 1,434 1,213 
Non-GAAP weighted-average shares outstanding54,312 54,505 53,281 
Diluted earnings (loss) per share from continuing operations:
GAAP diluted earnings (loss) per share$0.10 $(0.46)$(0.23)
Effect of adjustments0.39 0.83 0.47 
Non-GAAP diluted earnings per share$0.49 $0.37 $0.24 
  
Net income (loss) attributable to Penguin Solutions$5,217 $(24,547)$(11,773)
Interest expense, net4,396 5,403 9,559 
Income tax provision (benefit)6,360 6,209 3,534 
Depreciation expense and amortization of intangible assets14,961 15,381 17,654 
Share-based compensation expense11,531 10,359 10,970 
Cost of sales-related restructuring(42)865 668 
Diligence, acquisition and integration expense833 2,094 789 
Restructuring charges109 325 2,939 
Loss on extinguishment of debt— 21,646 — 
Other1,376 1,558 — 
Adjusted EBITDA$44,741 $39,293 $34,340 


Penguin Solutions, Inc.
Consolidated Balance Sheets
(In thousands)
(Unaudited)

As ofNovember 29,
2024		August 30,
2024
Assets
Cash and cash equivalents$370,295 $383,147 
Short-term investments23,430 6,337 
Accounts receivable, net275,629 251,743 
Inventories246,952 151,213 
Other current assets79,273 75,264 
Total current assets995,579 867,704 
Property and equipment, net100,239 106,548 
Operating lease right-of-use assets58,317 60,349 
Intangible assets, net111,926 121,454 
Goodwill161,958 161,958 
Deferred tax assets84,934 85,078 
Other noncurrent assets70,062 71,415 
Total assets$1,583,015 $1,474,506 
Liabilities and Equity
Accounts payable and accrued expenses$284,636 $219,090 
Deferred revenue41,326 63,954 
Other current liabilities100,924 44,552 
Total current liabilities426,886 327,596 
Long-term debt658,070 657,347 
Noncurrent operating lease liabilities58,611 60,542 
Other noncurrent liabilities30,499 29,813 
Total liabilities1,174,066 1,075,298 
Commitments and contingencies
Penguin Solutions shareholders’ equity:
Preferred shares— — 
Ordinary shares1,832 1,807 
Additional paid-in capital528,201 513,335 
Retained earnings35,202 29,985 
Treasury shares(164,879)(153,756)
Accumulated other comprehensive income (loss)19 10 
Total Penguin Solutions shareholders’ equity400,375 391,381 
Noncontrolling interest in subsidiary8,574 7,827 
Total equity408,949 399,208 
Total liabilities and equity$1,583,015 $1,474,506 


Penguin Solutions, Inc.
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

 Three Months Ended
November 29,
2024		August 30,
2024		December 1,
2023
Cash flows from operating activities
Net income (loss)$5,964 $(23,792)$(19,360)
Net loss from discontinued operations— — (8,148)
Net income (loss) from continuing operations5,964 (23,792)(11,212)
Adjustments to reconcile net income (loss) from continuing operations to cash provided by (used for) operating activities
Depreciation expense and amortization of intangible assets14,961 15,381 17,654 
Amortization of debt issuance costs953 897 1,042 
Share-based compensation expense11,531 10,359 10,970 
Loss on extinguishment or prepayment of debt— 21,646 — 
Deferred income taxes, net211 (7,396)(282)
Other(712)83 664 
Changes in operating assets and liabilities:
Accounts receivable(23,885)(39,901)48,658 
Inventories(93,380)26,086 (33,464)
Other assets705 14,801 2,102 
Accounts payable and accrued expenses and other liabilities97,471 (30,320)23,581 
Net cash provided by (used for) operating activities from continuing operations13,819 (12,156)59,713 
Net cash used for operating activities from discontinued operations— — (28,235)
Net cash provided by (used for) operating activities13,819 (12,156)31,478 
Cash flows from investing activities
Capital expenditures and deposits on equipment(1,836)(5,795)(4,648)
Proceeds from maturities of investment securities3,780 7,525 9,665 
Purchases of held-to-maturity investment securities(20,723)— (8,469)
Purchases of non-marketable investments— (10,000)— 
Other(143)(8)(188)
Net cash used for investing activities from continuing operations(18,922)(8,278)(3,640)
Net cash provided by investing activities from discontinued operations— — 118,938 
Net cash provided by (used for) investing activities$(18,922)$(8,278)$115,298 



Penguin Solutions, Inc.
Consolidated Statements of Cash Flows, Continued
(In thousands)
(Unaudited)

 Three Months Ended
November 29,
2024		August 30,
2024		December 1,
2023
Cash flows from financing activities
Repayments of debt$— $(224,703)$(14,423)
Payments to acquire ordinary shares(11,123)(3,318)(13,130)
Net cash paid for settlement and purchase of capped calls— (16,300)— 
Distribution to noncontrolling interest— — (1,470)
Proceeds from debt— 192,694 — 
Proceeds from issuance of ordinary shares3,360 1,745 3,455 
Other— 2 (582)
Net cash used for financing activities from continuing operations(7,763)(49,880)(26,150)
Net cash used for financing activities from discontinued operations— — (606)
Net cash used for financing activities(7,763)(49,880)(26,756)
Effect of changes in currency exchange rates— — (1,025)
Net increase (decrease) in cash, cash equivalents and restricted cash(12,866)(70,314)118,995 
Cash, cash equivalents and restricted cash at beginning of period383,477 453,791 410,064 
Cash, cash equivalents and restricted cash at end of period$370,611 $383,477 $529,059 


Investor Contact:PR Contact:
Suzanne Schmidt
Maureen O’Leary
Investor Relations
Director Communications
+1-510-360-8596
1-602-330-6846
ir@penguinsolutions.com
pr@penguinsolutions.com


v3.24.4
Cover
Jan. 08, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 08, 2025
Entity Registrant Name PENGUIN SOLUTIONS, INC.
Entity File Number 001-38102
Entity Incorporation, State or Country Code E9
Entity Tax Identification Number 98-1013909
Entity Address, Address Line One c/o Walkers Corporate Limited
Entity Address, Address Line Two 190 Elgin Avenue
Entity Address, City or Town George Town, Grand Cayman
Entity Address, Country KY
Entity Address, Postal Zip Code KY1-9008
City Area Code 510
Local Phone Number 623-1231
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Ordinary shares, $0.03 par value per share
Trading Symbol PENG
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001616533
Amendment Flag false
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