Penguin Solutions, Inc. (PENG) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

SA Transcripts 162.16K Followers Follow Penguin Solutions, Inc. ( PENG ) Goldman Sachs Communacopia + Technology Conference 2026 September 10, 2026 5:25 PM EDT Company Participants Kash Shaikh - CEO, President & Director Conference Call Participants Katherine Campagna - Goldman Sachs Group, Inc., Research Division Presentation Katherine Campagna Goldman Sachs Group, Inc., Research Division Well, hello, everybody, and welcome to the Penguin Solutions fireside chat at the Goldman Sachs Communacopia + Technology Conference. I have the privilege of hosting Kash Shaikh, CEO of Penguin Solutions. My name is Kat Murphy, and I cover Penguin and IT hardware here at Goldman Sachs. We'll have about 35 minutes for today's discussion, inclusive of Q&A towards the end. Question-and-Answer Session Katherine Campagna Goldman Sachs Group, Inc., Research Division So maybe to go ahead and get started, September marks 7 months since you joined Penguin as CEO, joined at an interesting time as the company transitioned from a holdco into an AI solutions-oriented business. For the purposes of this audience, can you help us understand your current business mix and where Penguin is really positioned to go after this investment cycle around AI? Kash Shaikh CEO, President & Director Thanks, Kat. So in the last 7 months, we have focused on 3 main areas. First, prioritizing our data center AI infrastructure business and our integrated memory business. These 2 businesses have very high demand because of the super cycle of the infrastructure, and they represent our AI-driven businesses. Second, we have increased our investments in product innovation. And then third, we have accelerated go-to-market execution with a clear focus on 2 main segments, neocloud segment and the enterprise segment for our AI infrastructure business. We also introduced what we call our AI factory platform. This platform combines differentiated products like an OEM offering as well as a system integrator like end-to-end