Penguin Solutions Inc - Company Profile
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Business Description
Penguin Solutions Inc (Penguin Solutions), formerly SMART Global Holdings Inc, is a provider of specialty memory and storage solutions. The company designs, manufactures, and supplies its products to original equipment manufacturers (OEMs) engaged in global distributors, enterprise users, government agencies and OEMs that compete in the computing, networking, communications, storage, aerospace, government, mobile, industrial automation, IoT, industrial IoT, government, military and lighting markets. The classifies its business operations into three reportable segments: Optimized LED, Integrated Memory and advanced Computing. The company has manufacturing facilities in the Newark and Fremont, California and Penang, Malaysia. Geographically, the company operates through five regions: the United States, China, Europe, Mexico and Others.
R&D Overview
Penguin Solution focuses its R&D initiatives on developing new products and services to maintain a competitive position. The company's R&D activities are centered on innovation in products and services, continuous process improvement for procurement, testing, and manufacturing. The key areas of research include Advanced Computing, Integrated Memory, and Optimized LED segments, with efforts directed towards high-availability server architecture, next-generation DRAM products, and LED innovations for various applications. It is also involved to develop a broad offering of Flash-based products for industrial, government, communications and enterprise storage and compute market. As of August 2025, the company had 1,650 owned patents. In FY2025, the company incurred total expenditure of US$79.8 million on its R&D, which as a percentage of revenue, stood at 5.8%.
Business Segments
Overview
Offers specialized platform solutions and services for high-performance computing, artificial intelligence, machine learning, advanced modeling and the internet of things that span the continuum of edge, core and cloud. It provides these solutions to customers across multiple markets, including hyperscale, financial services, energy, government, education, healthcare and others. It provides these solutions under Penguin Computing and Stratus brands.
Performance
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Overview
Provides high-performance and reliable integrated memory solutions to meet customer-specific requirements across networking and communications, enterprise storage and computing, including server applications and other vertical markets. It offer these solutions under SMART Modular Technologies brand.
Performance
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Overview
Provide a range of portfolio of application optimized LEDs focused on improving on lumen density, intensity, efficacy, optical control and reliability. LED products enable our customers to develop and market LED-based products for general lighting, video screens and specialty lighting applications. It markets these products under Cree LED brand.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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