Company: PENG
Filing Date: 2025-04-30
Form Type: CORRESP
Source: 0001193125-25-107591
Chunk: 0

Company: Penguin Solutions, Inc.
Filing Date: 2025-04-30
Form: CORRESP
Chunk 0
---
| SIDLEY AUSTIN LLP 1501 K STREET, N.W.  
 WASHINGTON, D.C. 20005 +1 202 736 8000 
 +1 202 736 8711 FAX                    |     | +1 202 736 8715        
 SVONALTHANN@SIDLEY.COM |

April 30, 2025 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549

| Attention: | Claire Erlanger |

Eiko Yaoita Pyles

| Re: | Penguin Solutions, Inc. |

Form 10-Kfor the Fiscal Year Ended August 30, 2024 Filed October 24, 2024 File No. 001-38102 Ladies and Gentlemen: On behalf of our client, Penguin Solutions, Inc. (the “Company”), we submit this letter in response to comments from the staff (the “Staff”) of the Securities and Exchange Commission received by letter dated April 2, 2025 concerning the Company’s annual report on Form 10-Kfor the fiscal year ended August 30, 2024, filed October 24, 2024. We have reviewed and discussed your comments with representatives of the Company, which has instructed us to submit the responses set forth in this letter on its behalf. For your convenience, each comment is repeated in italics below. Form 10-Kfor the Fiscal Year Ended August 30, 2024 Management’s Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Estimates, page 61

| 1. | We note that you intend to wind down manufacturing and discontinue the sale of certain legacy products                                                                                                                                               
 offered through your Penguin Edge business and anticipate that the goodwill of the Penguin Edge reporting unit of $16.1 million may become further impaired in future periods. In future filings, please provide information for investors to assess 
 the probability of future goodwill impairment charges related to this reporting unit. If the reporting unit is at risk of failing, you should disclose:                                                                                              |

| • |     | the percentage by which fair value exceeded carrying value at the date of the most recent test; |

Sidley Austin (DC) LLP is a Delaware limited liability partnership doing business as Sidley Austin LLP and practicing in affiliation with other Sidley Austin partnerships.

Page 2

| • |     | a discussion of the degree of uncertainty associated with the assumptions; and |

| •