Penguin Solutions reported record third-quarter fiscal 2026 results, with total net sales of $478.7 million and GAAP diluted EPS of $0.68. The company recorded GAAP operating income of $50.9 million and non-GAAP diluted EPS of $0.84 for the quarter. Penguin Solutions raised its full-year fiscal 2026 outlook, now expecting net sales growth of 22% ±2% and full-year GAAP EPS of $1.97 ±$0.05.

Financial Highlights

  • Total net sales: $478,713 thousand for Q3 fiscal 2026 (record quarterly net sales).
  • Gross profit (GAAP): $133,214 thousand; GAAP gross margin: 27.8% for Q3 fiscal 2026.
  • Operating income (GAAP): $50,863 thousand for Q3 fiscal 2026; Non-GAAP operating income: $64,384 thousand.
  • Net income attributable to Penguin Solutions (GAAP): $44,689 thousand for Q3 fiscal 2026.
  • Diluted earnings per share (GAAP): $0.68; Non-GAAP diluted EPS: $0.84 for Q3 fiscal 2026.

Business Highlights

  • AI-driven demand: Management cited strong AI-driven customer demand across Integrated Memory and AI Infrastructure businesses, driving record quarterly results.
  • Integrated Memory momentum: Integrated Memory net sales more than doubled year-over-year; added 16 new logos across the trailing four quarters (Q3-25 to Q2-26), with five customers expanding business.
  • AI Infrastructure expansion: Added four new AI Infrastructure customer logos in Q3; 13 new AI Infrastructure logos across the trailing four quarters with seven customers subsequently increasing spend.
  • Technology and partner recognition: Named Dell Technologies Global Alliances Americas AI Partner of the Year and became an NVIDIA AI Factory Specialized Partner, supporting full-stack AI factory deployments.
  • Product and software innovations: Expanded ClusterWareAI OS with an AI Factory Operations Agent — a conversational, agentic interface for AI cluster operations with human-in-the-loop automation.

Original SEC Filing:

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