Penguin Solutions Files 2025 10-K

Ticker: PENG · Form: 10-K · Filed: 2025-10-21T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, semiconductors, annual-report

TL;DR

Penguin Solutions (formerly SMART Global) filed its 2025 10-K. Check financials for semiconductor biz.

AI Summary

Penguin Solutions, Inc. filed its 10-K for the fiscal year ending August 29, 2025, reporting on its operations in the semiconductors and related devices industry. The company, formerly known as SMART Global Holdings, Inc., is headquartered in Fremont, California. The filing covers the period from August 31, 2024, to August 29, 2025, and includes financial data and disclosures relevant to its business operations.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of Penguin Solutions' financial performance and business operations for the fiscal year 2025, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a semiconductor company, Penguin Solutions is subject to industry-specific risks including rapid technological change, supply chain disruptions, and intense competition.

Key Numbers

2025 — Fiscal Year End (The 10-K covers the fiscal year ending August 29, 2025.)
0001616533 — Central Index Key (Unique identifier for Penguin Solutions, Inc. with the SEC.)
3674 — SIC Code (Standard Industrial Classification for Semiconductors & Related Devices.)

Key Players & Entities

Penguin Solutions, Inc. (company) — Filer of the 10-K
SMART Global Holdings, Inc. (company) — Former name of Penguin Solutions, Inc.
Fremont, CA (location) — Business and mailing address
August 29, 2025 (date) — Fiscal year end
August 31, 2024 (date) — Start of reporting period

FAQ

What were Penguin Solutions' total assets as of the fiscal year end?

The filing indicates total assets, but a specific dollar amount for the fiscal year end of August 29, 2025, is not explicitly stated in the provided snippet.

When did the company change its name from SMART Global Holdings, Inc.?

The company changed its name from SMART Global Holdings, Inc. on August 13, 2014.

What is the primary business of Penguin Solutions, Inc.?

Penguin Solutions, Inc. operates in the Semiconductors & Related Devices industry, as indicated by its SIC code 3674.

What is the filing date of this 10-K report?

This 10-K report was filed on October 21, 2025.

Where is Penguin Solutions, Inc. headquartered?

Penguin Solutions, Inc. is headquartered in Fremont, California, with its business and mailing address listed as 45800 Northport Loop West, Fremont, CA 94538.

From the Filing

0001616533-25-000061.txt : 20251021 0001616533-25-000061.hdr.sgml : 20251021 20251021161205 ACCESSION NUMBER: 0001616533-25-000061 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 158 CONFORMED PERIOD OF REPORT: 20250829 FILED AS OF DATE: 20251021 DATE AS OF CHANGE: 20251021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Penguin Solutions, Inc. CENTRAL INDEX KEY: 0001616533 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 365142687 STATE OF INCORPORATION: DE FISCAL YEAR END: 0829 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38102 FILM NUMBER: 251407185 BUSINESS ADDRESS: STREET 1: 45800 NORTHPORT LOOP WEST CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (510) 623-1231 MAIL ADDRESS: STREET 1: 45800 NORTHPORT LOOP WEST CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: SMART Global Holdings, Inc. DATE OF NAME CHANGE: 20140813 10-K 1 peng-20250829.htm 10-K peng-20250829 0001616533 2025 FY false http://fasb.org/us-gaap/2025#AccountingStandardsUpdate202006Member http://fasb.org/us-gaap/2025#IncomeLossFromDiscontinuedOperationsNetOfTax http://fasb.org/us-gaap/2025#IncomeLossFromDiscontinuedOperationsNetOfTax 0.0357034 0.0471059 0.0492504 P2Y http://fasb.org/us-gaap/2025#Assets http://fasb.org/us-gaap/2025#Assets http://fasb.org/us-gaap/2025#Assets http://fasb.org/us-gaap/2025#Assets P3Y P7Y0M0D 0.25 0.33 http://fasb.org/us-gaap/2025#OtherOperatingIncomeExpenseNet http://fasb.org/us-gaap/2025#OtherOperatingIncomeExpenseNet iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure peng:tradingDay peng:day peng:exerciseWindow peng:director peng:installment peng:segment 0001616533 2024-08-31 2025-08-29 0001616533 2025-02-28 0001616533 2025-10-15 0001616533 2025-08-29 0001616533 2024-08-30 0001616533 us-gaap:ProductMember us-gaap:NonrelatedPartyMember 2024-08-31 2025-08-29 0001616533 us-gaap:ProductMember us-gaap:NonrelatedPartyMember 2023-08-26 2024-08-30 0001616533 us-gaap:ProductMember us-gaap:NonrelatedPartyMember 2022-08-27 2023-08-25 0001616533 us-gaap:ServiceMember us-gaap:NonrelatedPartyMember 2024-08-31 2025-08-29 0001616533 us-gaap:ServiceMember us-gaap:NonrelatedPartyMember 2023-08-26 2024-08-30 0001616533 us-gaap:ServiceMember us-gaap:NonrelatedPartyMember 2022-08-27 2023-08-25 0001616533 us-gaap:RelatedPartyMember 2024-08-31 2025-08-29 0001616533 us-gaap:RelatedPartyMember 2023-08-26 2024-08-30 0001616533 us-gaap:RelatedPartyMember 2022-08-27 2023-08-25 0001616533 2023-08-26 2024-08-30 0001616533 2022-08-27 2023-08-25 0001616533 us-gaap:ProductMember 2024-08-31 2025-08-29 0001616533 us-gaap:ProductMember 2023-08-26 2024-08-30 0001616533 us-gaap:ProductMember 2022-08-27 2023-08-25 0001616533 us-gaap:ServiceMember 2024-08-31 2025-08-29 0001616533 us-gaap:ServiceMember 2023-08-26 2024-08-30 0001616533 us-gaap:ServiceMember 2022-08-27 2023-08-25 0001616533 us-gaap:CommonStockMember 2022-08-26 0001616533 us-gaap:AdditionalPaidInCapitalMember 2022-08-26 0001616533 us-gaap:RetainedEarningsMember 2022-08-26 0001616533 us-gaap:TreasuryStockCommonMember 2022-08-26 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-08-26 0001616533 us-gaap:ParentMember 2022-08-26 0001616533 us-gaap:NoncontrollingInterestMember 2022-08-26 0001616533 2022-08-26 0001616533 us-gaap:RetainedEarningsMember 2022-08-27 2023-08-25 0001616533 us-gaap:ParentMember 2022-08-27 2023-08-25 0001616533 us-gaap:NoncontrollingInterestMember 2022-08-27 2023-08-25 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-08-27 2023-08-25 0001616533 us-gaap:CommonStockMember 2022-08-27 2023-08-25 0001616533 us-gaap:AdditionalPaidInCapitalMember 2022-08-27 2023-08-25 0001616533 us-gaap:TreasuryStockCommonMember 2022-08-27 2023-08-25 0001616533 2021-08-28 2022-08-26 0001616533 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AdditionalPaidInCapitalMember 2022-08-26 0001616533 srt:CumulativeEffectPeriodOfAdoptionAdjustm