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Sells AI/high-performance-computing infrastructure, specialty memory modules and always-on computing systems, rebranded from SGH/SMART Global in 2025.
Sells AI/high-performance-computing infrastructure, specialty memory modules and always-on computing systems, rebranded from SGH/SMART Global in 2025.
AI cluster projects are the growth line, delivered as large builds with ongoing support, while the memory business sells modules to server and industrial customers and the older Stratus systems earn service contracts. Renamed from SMART Global Holdings, a company assembled by buying Penguin, Stratus and Cree LED.
In one line: A smaller AI-infrastructure/memory-module peer of Super Micro.
Moat: narrow (customer qualification, installed base). Deep integration expertise in custom AI clusters and ruggedized memory, but competes with much larger systems vendors.
Headquarters: Milpitas, California, US · Employees: 2,800
Size PENG (PENG) is a United States Information Technology company (Semiconductors) with a market value of $2.52B, the 1652nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $41.83 on 6 Nov 2026.
Performance Over six months the shares fell 5.4%, against -21.7% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 26.5% over the last twelve months (peer median +27.8%); the operating margin is 10.3% (peer median 7.0%).
Valuation It trades at 9.2× forward earnings against a peer median of 29.2× (2nd cheapest of 19).
Capital Return on invested capital runs 0.5 points below its cost of capital (15.1% WACC).
Backlog Backlog (remaining performance obligations) was $157M at 28 Aug 2026, up 75% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 11.0% of the free float (15 Oct 2026).
Next results Next results expected around 5 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $1.73B | $1.73B | $1.37B | $1.17B | $1.44B |
| Revenue growth | — | +26% | +17% | -19% | — |
| Gross profit | $478M | $478M | $395M | $343M | $422M |
| EBITDA | $229M | $228M | $135M | $102M | $163M |
| Net income | $163M | $163M | $24.1M | -$43.6M | -$188M |
| Free cash flow | -$167M | -$163M | $100M | $57.8M | $65.0M |
| Capital expenditure | $11.8M | $11.6M | $9.01M | $19.4M | $39.4M |
| Total debt | $1.06B | $1.06B | $733M | $726M | $857M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PENG PENG | $2.52B | -5% | +26% | 10% | 9.2× | n/a |
| Supermicro SMCI | $18.9B | -19% | +156% | 9% | 4.8× | n/a |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
| Hewlett Packard Enterprise HPE | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PENG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.5% | -21.4% | 4th lowest of 21 |
| 6-month return | -5.4% | -21.7% | 9th highest of 21 |
| Distance from 52-week high | -52.4% | -55.4% | 9th highest of 21 |
| Revenue growth (TTM) | +26.5% | +27.8% | 10th lowest of 21 |
| Operating margin | 10.3% | 7.0% | 9th highest of 21 |
| Forward P/E | 9.2× | 29.2× | 2nd cheapest of 19 |
| ROIC minus cost of capital | -0.5 pp | -2.1 pp | 11th highest of 21 |
| EV / EBITDA | 12.9× | 13.9× | 3rd cheapest of 8 |
| Net debt / EBITDA | 1.8× | -1.9× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| Asmedia Technology 5269.TW | Taiwan | $2.60B | -14% | +38% | 25% | 12.5× | 12.3% | +14.0% |
| Leeno Industrial 058470.KS | South Korea | $2.60B | -61% | +24% | 49% | 19.4× | 6.3% | +13.1% |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| Topco Scientific 5434.TW | Taiwan | $2.68B | +11% | +21% | 7% | 14.3× | 3.8% | +13.3% |
| Simmtech 222800.KS | South Korea | $2.69B | +7% | +42% | 9% | 18.7× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| Maxio Technology (Hangzhou) 688449.SS | China | $2.71B | -29% | +40% | 5% | 37.7× | n/a | n/a |
| Shanghai Bright Power Semiconductor 688368.SS | China | $2.72B | -20% | +90% | 6% | 85.4× | 54.1% | +7.3% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
PENG reported $157M of remaining performance obligations at 28 Aug 2026, up 75% from a year earlier and up 15% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.