Penguin Solutions, Inc. (PENG)Technology | Information Technology Services | Fremont, United States | NasdaqGS
61.86 USD
-5.73
(-8.478%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:04 a.m. EDT
Despite a robust rally over the past two weeks, the underlying capital structure presents a significant headwind for sustained growth. Revenue is exploding at nearly 68 percent annually, and return on equity sits at a healthy 27 percent, yet the company is burning cash and carrying substantial debt. This mismatch creates a fragile foundation for a high-beta stock. On the trading front, the recent price surge has attracted attention, pushing the stock above its 50-day average, but the options chain reveals a heavy layer of downside insurance being purchased by speculators. While analysts see room to run toward their $83 target, the heavy put volume suggests the market is bracing for a correction. Investors should respect the growth story but remain wary of the leverage and cash burn that could trigger a sharp repricing. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.063397 |
| AutoETS | 0.063403 |
| MSTL | 0.074920 |
| AutoARIMA | 0.133810 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 0.32 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.845 |
| Excess Kurtosis | -0.16 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 114.455 |
| Revenue per Share | 32.699 |
| Market Cap | 3,169,873,408 |
| Trailing P/E | 23.79 |
| Forward P/E | 11.77 |
| Beta | 2.86 |
| Profit Margins | 10.43% |
| Previous Name | SMART Global Holdings, Inc. |
| Website | https://www.penguinsolutions.com |
As of Oct. 10, 2026, 5:04 a.m. EDT: Implied volatility remains elevated across all expirations, indicating the market anticipates sharp price swings. While call activity clusters around the $75 strike, put open interest significantly outweighs call open interest in the 2026-2027 horizon, particularly in the out-of-the-money range. This disparity suggests speculators are prioritizing downside protection over aggressive upside bets, creating a defensive sentiment despite the recent rally.
| Attribute | Value |
|---|---|
| 52 Week Change | 2.0053358 |
| Address1 | 45,800 Northport Loop West |
| All Time High | 89.86 |
| All Time Low | 5.75 |
| Ask | 75.82 |
| Ask Size | 2 |
| Audit Risk | 2 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 7,050,860 |
| Average Daily Volume3 Month | 2,733,107 |
| Average Volume | 2,733,107 |
| Average Volume10Days | 7,050,860 |
| Beta | 2.862 |
| Bid | 46.08 |
| Bid Size | 2 |
| Board Risk | 1 |
| Book Value | 9.358 |
| City | Fremont |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 61.86 |
| Current Ratio | 1.88 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 64.3317 |
| Day Low | 58.9 |
| Debt To Equity | 114.455 |
| Display Name | Penguin |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,791,316,800 |
| Earnings Call Timestamp Start | 1,791,316,800 |
| Earnings Growth | 11.887 |
| Earnings Quarterly Growth | 8.883 |
| Earnings Timestamp | 1,791,316,800 |
| Earnings Timestamp End | 1,799,179,200 |
| Earnings Timestamp Start | 1,799,179,200 |
| Ebitda | 226,528,992 |
| Ebitda Margins | 0.13083 |
| Enterprise To Ebitda | 17.044 |
| Enterprise To Revenue | 2.23 |
| Enterprise Value | 3,860,991,744 |
| Eps Current Year | 4.5585 |
| Eps Forward | 5.256 |
| Eps Trailing Twelve Months | 2.6 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 56.4229 |
| Fifty Day Average Change | 5.4370995 |
| Fifty Day Average Change Percent | 0.09636334 |
| Fifty Two Week Change Percent | 200.53358 |
| Fifty Two Week High | 89.86 |
| Fifty Two Week High Change | -28.0 |
| Fifty Two Week High Change Percent | -0.31159583 |
| Fifty Two Week Low | 16.04 |
| Fifty Two Week Low Change | 45.82 |
| Fifty Two Week Low Change Percent | 2.8566084 |
| Fifty Two Week Range | 16.04 - 89.86 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,495,632,600,000 |
| Float Shares | 53,876,602 |
| Forward Eps | 5.256 |
| Forward P E | 11.769406 |
| Free Cashflow | -113,403,128 |
| Full Exchange Name | NasdaqGS |
| Fullday Change | -0.45999908 |
| Fullday Change Percent | -0.7436131 |
| Fullday Price | 61.4 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.27632 |
| Gross Profits | 478,441,984 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.035380002 |
| Held Percent Institutions | 1.2371 |
| Implied Shares Outstanding | 51,242,699 |
| Industry | Information Technology Services |
| Industry Disp | Information Technology Services |
| Industry Key | information-technology-services |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,787,875,200 |
| Last Split Date | 1,643,760,000 |
| Last Split Factor | 2:1 |
| Long Business Summary | Penguin Solutions, Inc. designs, builds, deploys and manages enterprise solutions worldwide. The company operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers hardware, software, and services focusing on technical computing for core and cloud environments through computing and AI solutions. The company also provides Penguin Solutions OriginAI, an AI infrastructure solution for customers deploying GPUs at scale; continuous availability of customers critical data and applications in data centers and edge locations under the Stratus brand products; and dynamic random-access memory, modules, solid-state/flash storage, and integrated memory solutions to networking and telecom, data analytics, AI, and ML under the SMART Modular Technologies brand. In addition, it provides Zefr, a memory module; Altus and AMD EPYC based servers for expansive memory for AI workloads; flash memory products comprising solid-state drives, Serial Advanced Technology Attachment, and PCIe NVMe products in 2.5 enclosures, M.2, EDSFF, and other form factors; and multimediacard and embedded and removable USB products, SD and microSD Card configurations, and firmware development. Further, the company offers procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging supply chain services; and LEDs under the Cree LED brand; Cree LED XLamp and J Series packaged LED components. It serves OEMs, enterprises, government, and other customers through direct and third-party channels. The company has a strategic collaboration with Deepgram, Dell Technologies, and ZulaFly to offer healthcare, location-based workflow, and safety solutions. The company was formerly known as SMART Global Holdings, Inc. and changed its name to Penguin Solutions, Inc. in October 2024. Penguin Solutions, Inc. was founded in 1988 and is headquartered in Fremont, California. |
| Long Name | Penguin Solutions, Inc. |
| Market | us_market |
| Market Cap | 3,169,873,408 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_429150870 |
| Most Recent Quarter | 1,787,875,200 |
| Name Change Date | 2,026-10-16 |
| Net Income To Common | 151,088,000 |
| Next Fiscal Year End | 1,819,411,200 |
| Non Diluted Market Cap | 2,760,956,622 |
| Number Of Analyst Opinions | 8 |
| Open | 64.05 |
| Operating Cashflow | -151,914,000 |
| Operating Margins | 0.12258001 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Phone | 510 623 1231 |
| Pre Market Change | -0.45999908 |
| Pre Market Change Percent | -0.7436131 |
| Pre Market Price | 61.4 |
| Pre Market Time | 1,792,150,179 |
| Prev Name | SMART Global Holdings, Inc. |
| Previous Close | 67.59 |
| Price Eps Current Year | 13.570254 |
| Price Hint | 2 |
| Price To Book | 6.610387 |
| Price To Sales Trailing12 Months | 1.8307432 |
| Profit Margins | 0.10431 |
| Quick Ratio | 1.207 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.625 |
| Region | US |
| Regular Market Change | -5.73 |
| Regular Market Change Percent | -8.47758 |
| Regular Market Day High | 64.3317 |
| Regular Market Day Low | 58.9 |
| Regular Market Day Range | 58.9 - 64.3317 |
| Regular Market Open | 64.05 |
| Regular Market Previous Close | 67.59 |
| Regular Market Price | 61.86 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 6,874,758 |
| Return On Assets | 0.05015 |
| Return On Equity | 0.27562 |
| Revenue Growth | 0.677 |
| Revenue Per Share | 32.699 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 9 |
| Shares Outstanding | 51,242,699 |
| Shares Percent Shares Out | 0.1313 |
| Shares Short | 6,728,193 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 6,465,258 |
| Short Name | Penguin Solutions, Inc. |
| Short Percent Of Float | 0.187 |
| Short Ratio | 4.67 |
| Source Interval | 15 |
| State | CA |
| Symbol | PENG |
| Target High Price | 100.0 |
| Target Low Price | 60.0 |
| Target Mean Price | 85.625 |
| Target Median Price | 85.0 |
| Total Cash | 647,208,000 |
| Total Cash Per Share | 11.631 |
| Total Debt | 846,846,016 |
| Total Revenue | 1,731,468,032 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.6 |
| Trailing P E | 23.792309 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 41.78375 |
| Two Hundred Day Average Change | 20.076252 |
| Two Hundred Day Average Change Percent | 0.48047993 |
| Type Disp | Equity |
| Volume | 6,874,758 |
| Website | https://www.penguinsolutions.com |
| Zip | 94,538 |