Penguin Solutions Reports 53% Revenue Growth in H1 FY2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: stocktwits
- Significant Revenue Growth: Penguin Solutions reported integrated memory revenue of $308 million in H1 FY2026, reflecting a 53% year-on-year increase and accounting for approximately 45% of total revenue of $686 million, indicating strong performance in the memory market.
- Thriving AI Business: The company stated that its AI-driven business represented over 60% of total sales in the first half of the fiscal year, up more than 50% year-over-year, highlighting rapidly growing demand for its AI infrastructure solutions.
- Positive Market Reaction: Shares of Penguin Solutions surged over 20% in pre-market trading on Wednesday, on track for their best single-day gains in nearly 22 months, reflecting strong investor confidence in the company's future growth potential.
- Analysts Optimistic About Outlook: Rosenblatt analysts raised the price target for PENG from $32 to $54 while maintaining a 'Buy' rating, citing rising demand for optimized memory subsystems in the AI market, which underscores the attractiveness of the company's expansion plans.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PENG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PENG
Wall Street analysts forecast PENG stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 54.070
Low
23.00
Averages
26.00
High
30.00
Current: 54.070
Low
23.00
Averages
26.00
High
30.00
About PENG
Penguin Solutions, Inc. is an end-to-end technology company. The Company’s Advanced Computing segment, under its Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the Internet of things that span the continuum of edge, core and cloud. Its Integrated Memory segment, under its SMART Modular Technologies brand, provides high-performance and reliable integrated memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Its Optimized LED segment, under its Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. The Company’s LED products enable its customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Board Member Sells 12,000 Shares of Penguin Solutions Amid Stock Surge
- Transaction Overview: Board member Maximiliane Straub sold 12,000 shares of Penguin Solutions on May 11 and 12, 2026, in multiple open-market transactions, with a total value of approximately $537,000 based on a weighted average price of $44.78.
- Ownership Change: Following the sale, Straub's direct ownership declined by 17.92%, leaving her with 54,975 shares, which represents about 0.10% of Penguin Solutions' outstanding shares, indicating her confidence in the company's future.
- Market Performance: During the sale, Penguin Solutions' stock reached a 52-week high of $60.87 on May 29, reflecting market optimism regarding the company's growth prospects, particularly related to anticipated sales driven by artificial intelligence.
- Future Outlook: Despite reporting a 6% revenue decline in Q2 2026, the company expects to double its sales growth to 12% year-over-year, and with Straub retaining over 50,000 shares, it suggests she is optimistic about the company's growth potential.
See More
Board Member Sells 12,000 Shares of Penguin Solutions
- Sale Details: Board member Maximiliane Straub sold 12,000 shares of Penguin Solutions on May 11 and 12, 2026, for approximately $537,000 at a weighted average price of $44.78 per share, reducing her holdings by 17.92%.
- Holding Adjustment: Following this transaction, Straub's direct holdings decreased from 66,975 to 54,975 shares, indicating a strategic decision to capture gains amid rising stock prices, reflecting a cautious outlook on future price movements.
- Company Performance Outlook: Despite a 6% year-over-year revenue decline to $343 million in Q2 2026, Penguin Solutions anticipates a 12% sales growth driven by demand for AI-related products, showcasing its resilience and competitive positioning in the tech sector.
- Market Reaction and Investment Advice: After the stock reached a 52-week high of $60.87, Straub sold an additional 3,000 shares on May 14, suggesting confidence in future growth, yet advising potential investors to consider market analysts' recommendations before purchasing shares.
See More
Penguin Solutions Appoints New Board Member
- New Board Member: David Heard has been appointed to the board of Penguin Solutions, and his experience at Nokia's Network Infrastructure is expected to enhance the company's expertise in memory and AI infrastructure, thereby driving strategic development.
- Rich Industry Experience: With over three decades of leadership in the tech industry, Heard's background in complex infrastructure platforms and optical networking technologies will provide crucial support for Penguin Solutions' AI Factory Platform strategy.
- Growing Market Demand: As enterprises accelerate the adoption of inference and agentic AI workloads, Heard's appointment is seen as key to addressing the increasing demand for memory and AI infrastructure, which is expected to drive long-term growth for the company.
- Clear Strategic Positioning: Heard stated that Penguin Solutions' AI Factory Platform strategy will help customers meet the demands of next-generation AI deployments, highlighting the company's strategic significance and foresight in the rapidly evolving AI market.
See More
Penguin Solutions Reports 53% Revenue Growth in H1 FY2026
- Significant Revenue Growth: Penguin Solutions reported integrated memory revenue of $308 million in H1 FY2026, reflecting a 53% year-on-year increase and accounting for approximately 45% of total revenue of $686 million, indicating strong performance in the memory market.
- Thriving AI Business: The company stated that its AI-driven business represented over 60% of total sales in the first half of the fiscal year, up more than 50% year-over-year, highlighting rapidly growing demand for its AI infrastructure solutions.
- Positive Market Reaction: Shares of Penguin Solutions surged over 20% in pre-market trading on Wednesday, on track for their best single-day gains in nearly 22 months, reflecting strong investor confidence in the company's future growth potential.
- Analysts Optimistic About Outlook: Rosenblatt analysts raised the price target for PENG from $32 to $54 while maintaining a 'Buy' rating, citing rising demand for optimized memory subsystems in the AI market, which underscores the attractiveness of the company's expansion plans.
See More
Surge in Options Trading Volume for Solstice and GXO
- Solstice Options Volume: Solstice Advanced Materials Inc (Ticker: SOLS) has seen an options trading volume of 19,343 contracts today, equating to approximately 1.9 million shares, which is 106.4% of its average daily trading volume over the past month, indicating heightened market interest in the company's future performance.
- High Put Option Activity: Within SOLS, the $65 strike put option has been particularly active, with 15,168 contracts traded today, representing about 1.5 million shares, suggesting an increased bearish sentiment among investors regarding future price movements.
- GXO Options Trading Dynamics: Concurrently, GXO Logistics Inc (Ticker: GXO) has recorded an options trading volume of 13,015 contracts today, translating to approximately 1.3 million shares, which is 95.5% of its average daily trading volume over the past month, reflecting ongoing market interest in its stock.
- Active GXO Put Options: For GXO, the $45 strike put option has seen a trading volume of 5,281 contracts, representing around 528,100 shares, indicating a cautious outlook among investors regarding the company's future trajectory.
See More
Executive Stock Sale Reflects Market Confidence
- Transaction Overview: Joe Clark, SVP of Penguin Solutions, sold 6,485 shares of common stock on April 23-24, 2026, valued at approximately $190,000, indicating a need for liquidity in the market.
- Holding Changes: This sale reduced Clark's direct holdings from 93,261 to 86,776 shares, impacting 6.95% of his direct ownership, while still retaining about 0.17% of the company's outstanding shares, reflecting a trend of decreasing direct holdings.
- Motivation Analysis: The transaction was executed under a pre-established Rule 10b5-1 plan, indicating it was a routine liquidity event rather than opportunistic market timing, with shares sold at $29.26, below the April 24 closing price of $30.69.
- Company Background: Penguin Solutions reported $1.35 billion in revenue and $54.1 million in net income, facing a 6% year-over-year sales decline; however, the company remains optimistic about AI factory demand, projecting a 12% sales growth outlook for the future.
See More
Board Member Sells 12,000 Shares of Penguin Solutions Amid Stock Surge
- Transaction Overview: Board member Maximiliane Straub sold 12,000 shares of Penguin Solutions on May 11 and 12, 2026, in multiple open-market transactions, with a total value of approximately $537,000 based on a weighted average price of $44.78.
- Ownership Change: Following the sale, Straub's direct ownership declined by 17.92%, leaving her with 54,975 shares, which represents about 0.10% of Penguin Solutions' outstanding shares, indicating her confidence in the company's future.
- Market Performance: During the sale, Penguin Solutions' stock reached a 52-week high of $60.87 on May 29, reflecting market optimism regarding the company's growth prospects, particularly related to anticipated sales driven by artificial intelligence.
- Future Outlook: Despite reporting a 6% revenue decline in Q2 2026, the company expects to double its sales growth to 12% year-over-year, and with Straub retaining over 50,000 shares, it suggests she is optimistic about the company's growth potential.
See More
Board Member Sells 12,000 Shares of Penguin Solutions
- Sale Details: Board member Maximiliane Straub sold 12,000 shares of Penguin Solutions on May 11 and 12, 2026, for approximately $537,000 at a weighted average price of $44.78 per share, reducing her holdings by 17.92%.
- Holding Adjustment: Following this transaction, Straub's direct holdings decreased from 66,975 to 54,975 shares, indicating a strategic decision to capture gains amid rising stock prices, reflecting a cautious outlook on future price movements.
- Company Performance Outlook: Despite a 6% year-over-year revenue decline to $343 million in Q2 2026, Penguin Solutions anticipates a 12% sales growth driven by demand for AI-related products, showcasing its resilience and competitive positioning in the tech sector.
- Market Reaction and Investment Advice: After the stock reached a 52-week high of $60.87, Straub sold an additional 3,000 shares on May 14, suggesting confidence in future growth, yet advising potential investors to consider market analysts' recommendations before purchasing shares.
See More
Penguin Solutions Appoints New Board Member
- New Board Member: David Heard has been appointed to the board of Penguin Solutions, and his experience at Nokia's Network Infrastructure is expected to enhance the company's expertise in memory and AI infrastructure, thereby driving strategic development.
- Rich Industry Experience: With over three decades of leadership in the tech industry, Heard's background in complex infrastructure platforms and optical networking technologies will provide crucial support for Penguin Solutions' AI Factory Platform strategy.
- Growing Market Demand: As enterprises accelerate the adoption of inference and agentic AI workloads, Heard's appointment is seen as key to addressing the increasing demand for memory and AI infrastructure, which is expected to drive long-term growth for the company.
- Clear Strategic Positioning: Heard stated that Penguin Solutions' AI Factory Platform strategy will help customers meet the demands of next-generation AI deployments, highlighting the company's strategic significance and foresight in the rapidly evolving AI market.
See More
Penguin Solutions Reports 53% Revenue Growth in H1 FY2026
- Significant Revenue Growth: Penguin Solutions reported integrated memory revenue of $308 million in H1 FY2026, reflecting a 53% year-on-year increase and accounting for approximately 45% of total revenue of $686 million, indicating strong performance in the memory market.
- Thriving AI Business: The company stated that its AI-driven business represented over 60% of total sales in the first half of the fiscal year, up more than 50% year-over-year, highlighting rapidly growing demand for its AI infrastructure solutions.
- Positive Market Reaction: Shares of Penguin Solutions surged over 20% in pre-market trading on Wednesday, on track for their best single-day gains in nearly 22 months, reflecting strong investor confidence in the company's future growth potential.
- Analysts Optimistic About Outlook: Rosenblatt analysts raised the price target for PENG from $32 to $54 while maintaining a 'Buy' rating, citing rising demand for optimized memory subsystems in the AI market, which underscores the attractiveness of the company's expansion plans.
See More
Surge in Options Trading Volume for Solstice and GXO
- Solstice Options Volume: Solstice Advanced Materials Inc (Ticker: SOLS) has seen an options trading volume of 19,343 contracts today, equating to approximately 1.9 million shares, which is 106.4% of its average daily trading volume over the past month, indicating heightened market interest in the company's future performance.
- High Put Option Activity: Within SOLS, the $65 strike put option has been particularly active, with 15,168 contracts traded today, representing about 1.5 million shares, suggesting an increased bearish sentiment among investors regarding future price movements.
- GXO Options Trading Dynamics: Concurrently, GXO Logistics Inc (Ticker: GXO) has recorded an options trading volume of 13,015 contracts today, translating to approximately 1.3 million shares, which is 95.5% of its average daily trading volume over the past month, reflecting ongoing market interest in its stock.
- Active GXO Put Options: For GXO, the $45 strike put option has seen a trading volume of 5,281 contracts, representing around 528,100 shares, indicating a cautious outlook among investors regarding the company's future trajectory.
See More
Executive Stock Sale Reflects Market Confidence
- Transaction Overview: Joe Clark, SVP of Penguin Solutions, sold 6,485 shares of common stock on April 23-24, 2026, valued at approximately $190,000, indicating a need for liquidity in the market.
- Holding Changes: This sale reduced Clark's direct holdings from 93,261 to 86,776 shares, impacting 6.95% of his direct ownership, while still retaining about 0.17% of the company's outstanding shares, reflecting a trend of decreasing direct holdings.
- Motivation Analysis: The transaction was executed under a pre-established Rule 10b5-1 plan, indicating it was a routine liquidity event rather than opportunistic market timing, with shares sold at $29.26, below the April 24 closing price of $30.69.
- Company Background: Penguin Solutions reported $1.35 billion in revenue and $54.1 million in net income, facing a 6% year-over-year sales decline; however, the company remains optimistic about AI factory demand, projecting a 12% sales growth outlook for the future.
See More
