SMART Global Holdings(SGH) - 2025 Q2 - Quarterly Results

Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE Quarterly Financial Results PENGUIN SOLUTIONS REPORTS Q2 FISCAL 2025 FINANCIAL RESULTS Revenue up 28% compared with year-ago quarter Company raises midpoint of annual revenue outlook Milpitas, Calif. – April 2, 2025 – Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer ("COO") and Preside ...