Penguin Solutions, Inc. reported results for 2026 with revenue of $478.71M and diluted EPS of $0.68, driven by strong demand in integrated memory products and improved profitability versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$478.71M$324.25M47.6% | Net income²$37.21M($372K)10102.2% | Diluted EPS³$0.68($0.01)6900% |
¹ Reported as “Total net sales”. ² Reported as “Net income (loss) available to common stockholders”. ³ Reported as “Earnings (loss) per common share”.
Business Highlights
- Revenue growth was led by Integrated Memory, which drove higher net sales and gross profit contribution.
- Channel and customer mix shifted as Advanced Computing moved away from hyperscaler concentration toward a more diversified non-hyperscaler base; Penguin Edge is being wound down.
- AI-driven demand increased DRAM and flash pricing and volumes, with CXL and higher-density memory positioned for AI deployments.
- Completed U.S. domestication to Delaware and continued the Fab‑Light manufacturing model, relying on third-party fabs to improve flexibility and margins.
- Prolonged AI component lead times and third-party fab dependence impacted the timing of deployments and ramp plans.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.