Penguin Solutions appoints Stephen Cumming as CFO

Penguin Solutions, Inc. has appointed Stephen Cumming as Senior Vice President and Chief Financial Officer, effective immediately. Cumming, who previously served as CFO of Edgio, brings experience in the infrastructure systems, software, and semiconductor industries.

In conjunction with this leadership change, the company reported its fourth quarter and fiscal 2026 financial results, noting multiple company records. Penguin Solutions also raised its full-year fiscal 2027 outlook, citing momentum in its AI Factory Platform business and opportunities within data center AI infrastructure and memory.