Penguin Solutions, formerly SMART Global Holdings, has launched new MRDIMM memory modules operating at DDR5-12800 speeds. The hardware is designed to address memory bandwidth bottlenecks in AI data centers by multiplexing two physical ranks into one logical rank, increasing data transfer rates for generative AI and large language model inference.
This release follows the March 2026 introduction of the MemoryAI KV cache server, which utilizes the CXL standard to provide up to 11 TB of memory. The company reports that AI-related revenue now accounts for 78% of its total sales, with the memory segment recording a 158% year-over-year growth in a recent quarter.
Financial results for Q4 FY2026 show record revenue of $567 million, a 68% increase from the previous year. Total annual sales reached $1,73 billion, marking a 26% growth. The company maintains significant order backlogs and has managed over 100 000 GPUs with more than 4 billion hours of operational runtime.
In October 2026, Bank of America initiated coverage of Penguin Solutions with a Buy rating and a price target of $100. Analysts noted the company's dual focus on designing AI clusters and supplying specialized memory systems as a key factor in its market position.
