Buy Or Sell Opportunity • Aug 14
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to €54.84. The fair value is estimated to be €44.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Buy Or Sell Opportunity • Jul 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 127% to €52.74. The fair value is estimated to be €43.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €64.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 38x in the Semiconductor industry in Germany. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.24 per share. Tillkännagivande • Jul 09
Penguin Solutions, Inc. Updates Earnings Guidance for the Full Year 2026 Penguin Solutions, Inc. updated earnings guidance for the full year 2026. For the year, the company updated net sales which at the midpoint now calls for 22% net sales growth, up from previous outlook of 12% net sales growth. The company also updated outlook for diluted earnings per share $1.97 +/- $0.05 as compared to previous outlook of diluted earnings per share $1.30 +/- $0.15. Reported Earnings • Jul 08
Third quarter 2026 earnings released: EPS: US$0.73 (vs US$0.007 loss in 3Q 2025) Third quarter 2026 results: EPS: US$0.73 (up from US$0.007 loss in 3Q 2025). Revenue: US$478.7m (up 48% from 3Q 2025). Net income: US$37.2m (up US$37.6m from 3Q 2025). Profit margin: 7.8% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 26
Penguin Solutions Expands ClusterWareAI Operating System Software for AI Factories with AI-Powered Operations and Automated Remediation Penguin Solutions, Inc. announced its latest ClusterWareAI AI Factory Platform Operating System Software. The updated ClusterWareAI software enables AI operators to optimize AI factory performance, improve workload resilience, and simplify operations across an entire AI factory. Penguin Solutions latest ClusterWareAI AI Factory Platform Operating System software enables AI operators to optimize AI factory performance, improve workload resilience, and simplify operations across the entire AI factory. Pictured is the new AI Factory Operations Agent, which provides administrators with a conversational interface for gaining insights into GPU cluster performance using natural language queries. The latest ClusterWareAI release from Penguin Solutions addresses these challenges with new capabilities that enhance hardware-level visibility and helps maintain peak performance across GPU clusters running inference workloads. ClusterWareAI software is the operating system for AI factories, providing a hardware-agnostic control plane that unifies deployment, observability, automation, governance, and performance optimization across training, inference, and Agentic AI environments. This gives operators a single view to manage the entire AI infrastructure lifecycle. By combining deep infrastructure telemetry, operational intelligence, and AI-assisted workflows, ClusterWareAI software enables organizations to accelerate AI deployment, improve resilience, scale operations efficiently, and reduce total cost of ownership. The new AI Factory Operations Agent provides administrators a conversational interface for gaining insight into GPU cluster performance using natural language queries. The agent accelerates root cause analysis, streamlines troubleshooting, and reduces reliance on specialized expertise, enabling faster issue resolution and improved operational efficiency. It is the first in a planned family of AI-powered agents designed to simplify cluster operations and increase administrator productivity. This release also extends automated remediation capabilities to Kubernetes-based inference environments and expands its built-in hardware-level monitoring, ensuring that only GPUs operating at optimum performance are available in inference worker pools. Leveraging precise bare-metal telemetry, ClusterWareAI software delivers real-time visibility into cluster health and proactively detects and resolves hardware degradations before they impact application performance. The timely identification of “fail-slow” conditions, where components degrade without fully failing, helps maintain consistent performance and maximize GPU utilization. As organizations scale generative AI models from model development and training to production inference and Agentic AI, maximizing infrastructure availability and GPU utilization becomes critical to achieving business value and return on investment. By automating diagnostics, remediation, and performance optimization, ClusterWareAI software helps organizations maximize GPU utilization, reduce operational overhead, and operate AI factories more efficiently at scale. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €50.54, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 41x in the Semiconductor industry in Germany. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.40 per share. Recent Insider Transactions • May 20
Independent Director recently sold €759k worth of stock On the 12th of May, Sandeep Nayyar sold around 20k shares on-market at roughly €37.97 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Tillkännagivande • May 20
Penguin Solutions Appoints David Heard to Board of Directors, Effective May 18, 2026 Penguin Solutions, Inc. announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions’ board of directors, effective May 18, 2026. Heard is a seasoned technology executive with more than three decades of experience leading large-scale technology and infrastructure organizations through periods of growth and transformation. His track record of operational execution and scaling global businesses is expected to complement the board’s expertise as Penguin Solutions continues to converge its capabilities in memory and AI infrastructure. Heard has served as President of Network Infrastructure at Nokia (NYSE: NOK) since June 2025. He joined Nokia in February 2025 following its acquisition of Infinera Corporation (formerly Nasdaq: INFN), where he served as Chief Executive Officer. Prior to joining Infinera in June 2017, Heard held leadership roles at several technology companies, including JDS Uniphase Corporation, BigBand Networks, Inc., Somera Communications, Inc., Lucent Technologies, and AT&T. Heard also served as a member of the board of directors of Infinera Corporation from November 2020 to February 2025 and currently serves on the Max M. Fisher College of Business Alumni Board. He holds a Master of Science in Management as a Sloan Fellow from the Stanford Graduate School of Business, a Master of Business Administration from the University of Dayton, and a Bachelor of Arts in Production and Operations Management from The Ohio State University. Tillkännagivande • Apr 02
Penguin Solutions, Inc. Provides Earning Guidance for the Fiscal Year 2026 Penguin Solutions, Inc. provided earning guidance for the fiscal year 2026. For the period, the company expects net sales of 12% Year over year Growth +/-5% compared to previous guidance of 6% Year over year Growth +/-10% and diluted earnings per share of $1.30 +/- $0.15 compared to previous guidance of $0.85 +/- $0.25. Tillkännagivande • Mar 13
Penguin Solutions, Inc. to Report Q2, 2026 Results on Apr 01, 2026 Penguin Solutions, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 01, 2026 Tillkännagivande • Mar 03
Penguin Solutions, Inc. Appoints Ian Colle as Senior Vice President and Chief Product Officer Penguin Solutions, Inc. announced the appointment of Ian Colle as senior vice president and chief product officer. Colle will lead product strategy, roadmap development, and lifecycle execution for Penguin’s AI Factory Platform. Colle brings 25 years of experience to Penguin Solutions, joining from Amazon Web Services (AWS) where he most recently served as general manager of advanced computing and simulation. At AWS, he helped build a global HPC and AI infrastructure business from the ground up and scale it into a multi-billion-dollar portfolio, leading globally distributed teams across product management, engineering, go-to-market, and operations. Prior to AWS, Colle held senior engineering leadership roles at Red Hat and Intel, where he led global teams through periods of rapid growth and acquisition, and at various startups. Colle holds a BA in Economics from the University of Illinois, an MBA from the Massachusetts Institute of Technology, Sloan School of Management, an MS in Telecommunications and Computer Information Systems from the University of Denver and an MA in Philosophy from the Denver Seminary. Tillkännagivande • Jan 14
Penguin Solutions Smart Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance Penguin Solutions, Inc. announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing. This achievement not only signifies adherence to industry standards, but positions Penguin Solutions as a trusted leader in advanced memory technology for CXL applications. Penguin's SMART Modular CXLNV-CMM E3. S 2T Memory Module is now listed on the CXL Consortium's Integrators List. The CXL NV-CMM E3.S 2T module utilizes the Compute Express Link (CXL) 2.0 standard, offering low latency, high bandwidth persistent storage with enterprise-class RAS features. This module accelerates system performance through efficient checkpointing and caching for in-memory databases, and ensures quick data recovery following power loss or system crashes. Key Use Cases for the SMART CXL NV-CMME3.S 2T: Accelerated AI/ML Workloads: The CXL NV-CMM e3.S 2T is optimized for accelerating AI and machine learning workloads by providing fast access to large datasets, enhancing model training efficiency and accuracy. Data Center Applications: Ideal for data centers, this module supports high-performance computing, computational storage, and network acceleration, ensuring efficient data processing and storage. High-Performance Computing (HPC): It is well-suited for HPC environments, offering low latency and high bandwidth necessary for complex simulations and data analytics. Storage Essentials: Provides persistent memory solutions essential for maintaining data integrity and availability in critical systems. This inclusion on the CXL Consortium's integrators List reflects the decades of experience and dedication to high-performance, high-quality, and interoperability of Penguin's SMART Modular memory portfolio, reinforcing its position as a leading provider and innovator that is advancing integrated memory technology. Tillkännagivande • Jan 09
Penguin Solutions, Inc. Updates Earning Guidance for the Fiscal Year 2026 Penguin Solutions, Inc. updated earning guidance for the fiscal year 2026. For the period, the company expects Net sales of 6% YoY Growth +/-10%, unchanged from previous guidance. The company expects Diluted earnings per share to be in the range of $0.85 +/- $0.25 compared to previous guidance of $0.89 +/- $0.25. Reported Earnings • Jan 07
First quarter 2026 earnings released: EPS: US$0.042 (vs US$0.098 in 1Q 2025) First quarter 2026 results: EPS: US$0.042 (down from US$0.098 in 1Q 2025). Revenue: US$343.1m (flat on 1Q 2025). Net income: US$2.24m (down 57% from 1Q 2025). Profit margin: 0.7% (down from 1.5% in 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 07
Penguin Solutions, Inc. Reaffirms Earning Guidance for the Fiscal Year 2026 Penguin Solutions, Inc. reaffirmed earning guidance for the fiscal year 2026. For the period, the company expects 6% net sales growth. Tillkännagivande • Dec 22
Penguin Solutions, Inc., Annual General Meeting, Feb 06, 2026 Penguin Solutions, Inc., Annual General Meeting, Feb 06, 2026. Tillkännagivande • Dec 17
Penguin Solutions, Inc. to Report Q1, 2026 Results on Jan 06, 2026 Penguin Solutions, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Jan 06, 2026 Tillkännagivande • Dec 09
Penguin Solutions, Inc. Expands Smart Modular Ddr5 Sodimm Memory Portfolio with New 64Gb Ddr5-6400 Ecc Csodimm for Next-Gen Hpc Penguin Solutions, Inc. announced the release of its SMART 64GB DDR5-6400 ECC CSODIMM memory modules, the newest addition to its broad DDR5 SODIMM lineup. Designed for high-performance computing (HPC) in industrial, edge, telecom, and networking systems, the new module supports both commercial-temperature (C-temp) and industrial-temperature (I-temp) options, engineered to provide reliable operation in harsh environments. The compact CSODIMM form factor delivers higher density and faster bandwidth with error correction capability (ECC) to meet the demanding requirements of next-generation platforms. The CSODIMM include a CKD (clock driver) that regenerates and amplifies the clock signal for maintaining signal integrity, synchronicity timing and reducing errors at high speeds. With the introduction of the 64GB capacity point, SMART's DDR5 SODIMM family now spans 16GB to 64GB, including capacities of 16GB, 32GB, 48GB, and now 64GB. This expansion enables system designers to choose the optimal memory density and performance profile for their application needs. Key features of the SMART 64GB DDR5 -6400 ECC CSODimM include: Capacity: 64GB (expanding DDR5 SODIMM portfolio from 16GB-64GB); Data rate: up to 6400 MT/s; ECC support for improved reliability; Compact CSODIMM form factor for space-constrained systems; Available in C-temp and I-temp for harsh deployment conditions. Sampling of the new DDR5-6400 E CC CSODIMM is available now. Tillkännagivande • Nov 18
Penguin Solutions, Inc. Releases ICE ClusterWare Management Software 13.0 for Optimizing AI Infrastructure Penguin Solutions, Inc. announced the release of ICE ClusterWare software 13.0. This latest version introduces powerful new capabilities that solve two critical challenges in production-scale AI and HPC: sustaining peak cluster performance and secure provisioning of a single cluster to diverse user groups. These new features enable organizations to maximize return on their AI infrastructure investments by safely sharing resources across more users while ensuring consistent, reliable performance. When an organization’s AI deployments progress from isolated pilot projects to enterprise-wide production environments, operational demands on infrastructure intensify immediately. Penguin’s ICE ClusterWare 13.0 addresses this with built-in anomaly detection and auto-remediation, along with network-isolated multi-tenancy—delivering the operational excellence required to support AI as a core business function. The patent-pending anomaly detection and auto-remediation technology ensures peak cluster performance and resource availability, continuously monitoring for hidden performance degradation that traditional diagnostic tools miss. Upon detection, the system automatically isolates underperforming nodes and initiates remediation in real time, ensuring that workloads are scheduled on validated, high performing nodes. This proactive approach reduces administrative burdens, prevents unplanned downtime, and maximizes the cluster’s usable capacity. As a result, this new capability significantly shortens model training by reducing restarts and loss of work. The new optional network-isolated multi-tenancy feature enables organizations to securely and efficiently share high-value GPU clusters, creating dedicated subclusters to support different departments, projects, or GPU-as-a-Service (GPUaaS) customers. This capability provides isolated environments, giving tenants the autonomy to select their own workload manager, govern users, and run workloads with confidence that data and operations remain segregated and secure. Reducing the security and resource utilization conflicts that previously forced organizations to build separate clusters drastically improves time to value. This capability is essential for cloud service providers and hyperscalers providing GPUaaS, enterprises and research institutes delivering AI computing to internal business groups, and federal or government agencies that require the highest level of security and resource isolation. General availability for ICE ClusterWare software 13.0 is scheduled for December 2, 2025. Tillkännagivande • Nov 05
Penguin Solutions to Demonstrate Optimized AI Infrastructure Solutions at SC25 Penguin Solutions, Inc. announced its participation at Supercomputing 25 (SC25), the international conference for high-performance computing (HPC), networking, storage, and analysis taking place in St. Louis, Missouri on November 16-21, 2025. Penguin's involvement in the event will include product demonstrations, speaking engagements, and presence on the show floor with partners. SC25 brings together leading professionals from academia, government, industry, and research institutions and provides an important forum for showcasing advances in computational science and large-scale computing environments. Penguin Solutions will showcase breakthrough technologies and high-performing, seamlessly scalable AI infrastructure solutions. Penguin will also spotlight its ongoing partnership with SK Telecom for Haein, one of South Korea's largest AI factories with multiple tenants across more than 1,000 NVIDIA Blackwell GPUs. This collaboration brought a key element of South Korea's sovereign AI strategy into reality. Tillkännagivande • Sep 17
Penguin Solutions, Inc. to Report Q4, 2025 Results on Oct 07, 2025 Penguin Solutions, Inc. announced that they will report Q4, 2025 results After-Market on Oct 07, 2025 Tillkännagivande • Jul 29
Penguin Solutions, Inc. Announces Leadership Changes Penguin Solutions, Inc. announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation, and further enable go-to-market strategies in systems, software, services, and end-to-end advanced computing solutions. Tony Frey will serve as SVP and Chief Revenue Officer, effective August 25. In this role, he will oversee global sales for Penguin Solutions’ Advanced Computing and Integrated Memory segments. Tony brings over 25 years of global leadership experience in enterprise technology. He has deep expertise across the full technology stack—from infrastructure to business applications—with an emphasis on data management, cloud computing, and AI enablement. Previously, Tony served as vice president of global strategic accounts at NetApp, an intelligent data infrastructure company, and spent nine years in multiple VP enterprise sales roles at Informatica, an AI-powered enterprise cloud data management company. Ted Gillick will serve as SVP of Strategy and Corporate Development, effective August 4. He has more than 20 years of experience in corporate development, investment banking, and strategic planning across the technology sector. Before joining Penguin Solutions, Ted led global M&A efforts as SVP of corporate development at Dell Technologies. Previously, he was a senior member of the corporate development team at Avid Technology and served as an M&A investment banker at Lehman Brothers and at Barclays Capital. In connection with these changes, the Company also announced the departure of Pete Manca, SVP and president of Advanced Computing. In the revised organizational structure, this role has been eliminated. Tillkännagivande • Jul 09
Penguin Solutions, Inc. Updates Earning Guidance for the Fiscal Year 2025 Penguin Solutions, Inc. updated earning guidance for the fiscal year 2025. For the period, the company expects net sales of 17% YoY Growth +/-2%
compare to prior guidance of 17% YoY Growth +/- 3% and diluted earnings per share of $0.04 +/- $0.05 compare to previous guidance of -$0.02+/-$0.10. Tillkännagivande • Jul 02
Penguin Solutions, Inc. Files Form 15 Penguin Solutions, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary Shares under the Securities Exchange Act of 1934, as amended. Tillkännagivande • Jun 19
Penguin Solutions, Inc. to Report Q3, 2025 Results on Jul 08, 2025 Penguin Solutions, Inc. announced that they will report Q3, 2025 results on Jul 08, 2025 Tillkännagivande • Jun 18
Penguin Solutions Announces Second Generation Stratus ztC Endurance Fault Tolerant Computing Platforms Penguin Solutions announced the second generation of its Stratus ztC Endurance®? platform, its fault tolerant computing platform with seven nines (99.99999%) availability. This new Stratus ztC Endurance family of platforms enables IT teams to ensure the uptime of critical applications and data while consolidating workloads within a highly reliable, manage, and serviceable IT footprint. This second-generation introduces an ultra-high-performance model--the Stratus ztC Endurance 9110--with a 46% performance improvement compared to the 7100, and a dense 64-core count to deliver highly reliable, high volume transaction processing within a single platform. The new Stratus ztC endurance 7110 model provides 18% improvement compared to the 7100. This generation also adds Linux (RHEL 9.4) support in addition to bare metal or virtualized versions of Windows Server and VMware vSphere. This unique combination of high-end performance and Linux support is well suited for industries such as financial services, retail, and manufacturing. The Stratus ztC endurance 9110 and 7110 platforms' processing power also makes them well suited for AI inferencing workloads at the edge, delivering high throughput and low latency required by applications such as AI image classification. The release includes four new models of the Stratus ztC Endurance platform--powered by fifth generation Intel®?Xeon®? processors--and offer an optional 100Gb Ethernet network card to support data- and storage-intensive applications. Stratus ztC Endurance Model 9110: This ultra-high performance model features two Intel Xeon Gold 6548N processors with 32 cores per CPU, 64 cores per compute module, and 5200 Mbps DDR5 memory. Stratus ztC endurance Model 7110: This high-performance model features two 5520 processors with 28 cores per CPU, and 56 cores per compute module with 4800 Mbps DDR5 memory. Strata ztC Endurance Model 5110: This mid-range model features two Intel Xeon Silver 4510 processors with 12 cores per CPU, 12 cores per compute module, and the same 4400 Mbps memory as the 5110. For more information on this newest generation product family, visit the Stratus ztC endurance page on the Penguin Solutions website. Tillkännagivande • Mar 13
Penguin Solutions, Inc. to Report Q2, 2025 Results on Apr 02, 2025 Penguin Solutions, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 02, 2025 Tillkännagivande • Mar 04
Penguin Solutions, Inc. Expands Its AI Infrastructure Management Software Platform and Introduces Robust AI Optimization Service Penguin Solutions, Inc. announced the expansion of its ICE ClusterWare™? software platform, (formerly Scyld ClusterWare®?) with multi-tenancy support, streamlined workflows, and enhanced controls to help enterprises build fully optimized AI ecosystems that scale seamlessly--known as Intelligent Compute Environments. Additionally, Penguin Solutions unveiled its ICE ClusterWare AIM™? service, an advanced optimization service designed to maximize performance, availability, and operational efficiency of AI infrastructure through predictive automation. The ICE ClusterWare software platform is a hardware-agnostic, intelligent software platform for managing, scaling, and optimizing AI, HPC, and data infrastructure. It combines open-source, industry-standard, and third-party tools with Penguin Solutions' innovative software to create the foundation of an Intelligent Compute Environment, enabling IT leaders to confidently deploy and scale complex infrastructure that meets the specific business needs of their organizations. With the latest updates, the ICE ClusterWare software platform now includes: Multi-tenancy Foundational Support - Enables secure, logical resource isolation and dynamic workload partnering for multiple users and departments from which further multi-tenancy capabilities will be added. Enhanced Orchestration Controls - Introduces a unified control plane for managing sub-clusters and associated infrastructure. Streamlined Workflows - Simplifies AI infrastructure deployment and scaling through automated policy enforcement and intelligent job scheduling. The new ICE ClusterWare AIM service applies Penguin Solutions' patent-pending software, automation, and operational intelligence, derived from managing more than two billion hours of GPU runtime. Designed for IT and data center operations teams managing large-scale AI and HPC clusters, ICE ClusterWare AIM service delivers: Automated Remediation - Detects and resolves system inefficiencies before they impact performance. Prescriptive Maintenance - Uses patent pending technology to identify and mitigate failures before they occur, reducing downtime. Operational Efficiency at Scale - Working with common scheduling software, optimizes workload distribution to maximize GPU utilization and improve ROI on AI infrastructure investments. Tillkännagivande • Jan 09
Penguin Solutions, Inc. Provides Earning Guidance for the Fiscal Year 2025 Penguin Solutions, Inc. provided earning guidance for the fiscal year 2025. For the year, the company expected net sales of 15% year over year growth +/- 5% and Diluted earnings per share of $0.10 +/- $0.20. Tillkännagivande • Dec 23
Penguin Solutions, Inc., Annual General Meeting, Feb 07, 2025 Penguin Solutions, Inc., Annual General Meeting, Feb 07, 2025. Tillkännagivande • Dec 17
Penguin Solutions, Inc. Revises Earning Guidance for the Fiscal Year 2025 Penguin Solutions, Inc. revised earning guidance for the fiscal year 2025. For the period, the company expects diluted earnings per share of $0.10 +/- $0.20 against prior guidance of $0.30 +/- $0.20. To reflect the accounting impact of the Investment, the Company is updating its diluted earnings per share outlook for fiscal year 2025, which was previously provided on October 15, 2024. The updated diluted earnings per share outlook for fiscal year 2025 incorporates the non-cash effect of the CPS issued at Closing, the estimated future payments to holders of the CPS equal to six (6)% per annum, and the estimated interest income from the proceeds. The Company’s update to its diluted earnings per share outlook for fiscal year 2025 is solely a result of the Closing. New Risk • Oct 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Tillkännagivande • Oct 18
Penguin Solutions, Inc. Provides Earning Guidance for the Fiscal Year 2025 Penguin Solutions, Inc. provided earning guidance for the fiscal year 2025. For the period, the company expects net sales of 15% YoY Growth +/- 5% and diluted earnings per share of $0.30 +/- $0.20. Reported Earnings • Oct 16
Full year 2024 earnings released: US$0.84 loss per share (vs US$0.16 profit in FY 2023) Full year 2024 results: US$0.84 loss per share (down from US$0.16 profit in FY 2023). Revenue: US$1.17b (down 19% from FY 2023). Net loss: US$44.3m (down US$52.2m from profit in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Oct 15
Penguin Solutions, Inc.(NasdaqGS:PENG) dropped from NASDAQ Composite Index SMART Global Holdings, Inc. has been dropped from the NASDAQ Composite Index. Tillkännagivande • Sep 25
SMART Global Holdings, Inc. to Report Q4, 2024 Results on Oct 15, 2024 SMART Global Holdings, Inc. announced that they will report Q4, 2024 results on Oct 15, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €17.60, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €25.52 per share. Tillkännagivande • Jul 17
SMART Global Holdings, Inc. Announces to Become Penguin Solutions SMART Global Holdings, Inc. announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company's transformation over the past several years and reflects its focus on delivering solutions that solve the complexity of AI. The new Penguin Solutions is uniquely positioned as an expert in end-to-end AI infrastructure solutions. With more than 25 years of high-performance computing experience and more than 75,000 GPUs deployed and managed to date, Penguin Solutions has long been a trusted strategic partner for enterprises looking to harness the power of AI. SGH's decision to adopt the Penguin Solutions name across its brands builds on this reputation and marks the start of a new era for the firm. SGH is expected to complete its transition to Penguin Solutions later this year subject to shareholder approval. The Cree LED brand, also a business unit of SGH, will remain unchanged and will continue to do business as Cree LED. Tillkännagivande • Jul 16
SMART Global Holdings, Inc. announced that it expects to receive $200 million in funding from SK Telecom Co., Ltd. SMART Global Holdings, Inc. announced it has entered into a Securities Purchase Agreement to issue 200,000 convertible preferred shares par value $0.03 per share at a purchase price of $1,000 per share or an aggregate purchase price of $200,000,000 on July 14, 2024. The transaction includes participation from new investor, SK Telecom Co., Ltd. The preferred shares are convertible into Ordinary Shares at a conversion price of $32.81 per preferred share, subject to adjustment upon the occurrence of certain events. Holders of the CPS will also be entitled to certain protective provisions. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €26.40, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.65 per share. Reported Earnings • Jul 10
Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.49 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.11 (up from US$0.49 loss in 3Q 2023). Revenue: US$300.6m (down 22% from 3Q 2023). Net income: US$5.62m (up US$30.1m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Jul 10
SMART Global Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024 SMART Global Holdings, Inc. provided earnings guidance for the fourth quarter of fiscal 2024. For the quarter, the company expects Net sales of $325 million +/- $25 million, and Diluted earnings (loss) per share of $0.03 +/- $0.15. Tillkännagivande • Jun 18
SMART Global Holdings, Inc. to Report Q3, 2024 Results on Jul 09, 2024 SMART Global Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Jul 09, 2024 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €18.10, the stock trades at a forward P/E ratio of 100x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 24% over the past year. Recent Insider Transactions • Apr 12
President recently bought €175k worth of stock On the 11th of April, Mark Adams bought around 10k shares on-market at roughly €17.54 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Tillkännagivande • Mar 20
SMART Global Holdings, Inc. to Report Q2, 2024 Results on Apr 09, 2024 SMART Global Holdings, Inc. announced that they will report Q2, 2024 results After-Market on Apr 09, 2024 Reported Earnings • Jan 10
First quarter 2024 earnings released: US$0.23 loss per share (vs US$0.10 profit in 1Q 2023) First quarter 2024 results: US$0.23 loss per share (down from US$0.10 profit in 1Q 2023). Revenue: US$274.2m (down 41% from 1Q 2023). Net loss: US$11.8m (down 336% from profit in 1Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Dec 20
SMART Global Holdings, Inc. to Report Q1, 2024 Results on Jan 09, 2024 SMART Global Holdings, Inc. announced that they will report Q1, 2024 results After-Market on Jan 09, 2024 Tillkännagivande • Nov 02
Stratus Unveils Evolutionary Fault Tolerance with ztC Endurance Family of Intelligent, Predictive Computing Platforms Stratus Technologies, Inc. announced the launch of its Stratus ztC Endurance™ platform, a new family of fault-tolerant computing platforms for next-generation sustainable operations. The platform introduces intelligent, predictive fault tolerance that delivers seven nines (99.99999%) availability, and performance gains through latest generation technology components including 4th generation Intel Xeon® Scalable processors. The ztC Endurance platform builds on Stratus’ unique combination of built-in software and hardware, proactive health monitoring, and serviceability to run mission-critical applications without downtime or data loss. Stratus’ ztC Endurance portfolio furthers Stratus’ proven approach for eliminating system downtime and data loss (including in-flight data) through built-in fault tolerance that is transparent to standard operating systems and hosted applications. It does not require additional scripting or modification, and provides proactive health monitoring. This powerful combination enables OT and IT teams to run mission-critical applications and complex software stacks without needing to be server experts. The new Stratus ztC Endurance platforms deliver innovation in five key areas of performance, including: Predictive – The ztC Endurance platform introduces intelligent, predictive fault tolerance through the Stratus Automated Uptime Layer with Smart Exchange™ process which tracks and targets a wider range of failure points than other standalone hyperconverged solutions and automatically takes corrective actions to address and resolve issues before they impact operations. Protected – The platform ensures data integrity and protects against loss of in-flight application data with 99.99999% application system availability and embedded hardware and software security features, along with the ability to run third-party cybersecurity applications to protect IT and OT assets. Manageable – As an open system, the platform simplifies manageability with remote monitoring capabilities and management APIs that are interoperable with existing IT tools and systems familiar to IT teams. Additionally, the ztC Endurance platform and its fault tolerant architecture support standard, off-the-shelf operating systems without requiring modifications. Serviceable – ztC Endurance architecture is redundant, modular, and features four pairs of customer replaceable units (CRUs) – compute, I/O, power supply unit, and storage – that are hot-swappable by OT or IT without specialized expertise or tools to continuously deliver uptime and efficient operation. Performance – This release incorporates the latest technology, notably 4th generation Intel Xeon Scalable “Sapphire Rapids” processors, high speed NVMe, and resilient, high-performance DDR5 memory. This results in new levels of performance matched with fault tolerance required to consolidate mission-critical applications as well as run complex software stacks and advanced applications. Stratus ztC Endurance Models Stratus’ ztC Endurance Platform is available in three models to meet customer needs, from shop floors and remote offices to regional and large data centers and plants: ztC Endurance Model 7100: designed for large data centers and larger plants ztC Endurance Model 5100: designed for remote offices and medium plants ztC Endurance Model 3100: designed for shop floor locations and smaller plants. New Risk • Oct 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€234k sold). Tillkännagivande • Oct 14
An unknown buyer entered into an agreement to acquire SMART Brazil operations from SMART Global Holdings, Inc. An unknown buyer entered into an agreement to acquire SMART Brazil operations from SMART Global Holdings, Inc. on June 13, 2023. The transaction is subject to required regulatory approvals and satisfaction of customary closing conditions. The transaction is expected to close at the end of calendar 2023 or early 2024. Reported Earnings • Oct 13
Full year 2023 earnings released: EPS: US$0.16 (vs US$1.35 in FY 2022) Full year 2023 results: EPS: US$0.16 (down from US$1.35 in FY 2022). Revenue: US$1.44b (down 21% from FY 2022). Net income: US$7.86m (down 88% from FY 2022). Profit margin: 0.5% (down from 3.7% in FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Semiconductor industry in Germany. Tillkännagivande • Oct 13
SMART Global Holdings, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2024 SMART Global Holdings, Inc. provided earnings guidance for the first quarter of fiscal 2024. As of October 12, 2023, the company provided the financial outlook for its continuing operations for the first quarter of fiscal 2024. The company expects to report net sales to be $275 million, increase/decrease $25 million. Diluted loss per share expected to be $0.16, increase/decrease $0.15. Buying Opportunity • Oct 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be €28.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Sep 30
SMART Global Holdings, Inc., Annual General Meeting, Feb 09, 2024 SMART Global Holdings, Inc., Annual General Meeting, Feb 09, 2024, at 10:00 Pacific Standard Time. Tillkännagivande • Sep 22
SMART Global Holdings, Inc. to Report Q4, 2023 Results on Oct 12, 2023 SMART Global Holdings, Inc. announced that they will report Q4, 2023 results After-Market on Oct 12, 2023 Buying Opportunity • Sep 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be €28.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Aug 25
Now 21% undervalued Over the last 90 days, the stock is up 7.9%. The fair value is estimated to be €27.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Aug 02
Director recently sold €234k worth of stock On the 27th of July, Sandeep Nayyar sold around 10k shares on-market at roughly €24.20 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €311k. Insiders have been net sellers, collectively disposing of €545k more than they bought in the last 12 months. Tillkännagivande • Jul 22
SMART Global Holdings, Inc. Appoints Mary G. Puma as Independent Member of Board of Directors and as a Member of the Audit Committee of the Board and the Compensation Committee of the Board On July 15, 2023, the Board of Directors of SMART Global Holdings, Inc. appointed Mary G. Puma to its board of directors and as a member of the Audit Committee of the Board and the Compensation Committee of the Board, effective July 15, 2023. Ms. Puma will serve as a Class I director, with an initial term expiring at the 2024 annual general meeting of shareholders and until her successor has been elected and qualified or until her earlier death, resignation, disqualification, retirement or removal. Prior to becoming CEO of Axcelis in January 2002, Puma served as its president and COO from July 2000. In 1998, she was named general manager and vice president of the company’s predecessor, the Implant Systems Division of Eaton Corporation, after having joined in 1996 as general manager of Eaton’s Commercial Controls Division. Prior to Eaton, Puma spent 15 years in various marketing and general management positions at General Electric. Puma has served as executive chairperson of the board at Axcelis since May 2023, and previously served as chairperson of the board from 2005 to 2015. She is also a director of Nordson Corporation, and since December 2022, she has been chairperson of the board of SEMI, a global industry association serving the manufacturing supply chain for the micro- and nano-electronics industries. Puma holds a Bachelor of Arts degree in Economics from Tufts University and a Master of Science degree from the MIT Sloan School of Management. Recent Insider Transactions • Jul 11
Director recently sold €311k worth of stock On the 5th of July, Sandeep Nayyar sold around 12k shares on-market at roughly €25.18 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €57k more than they bought in the last 12 months. 
