Penguin Solutions, Inc.

Penguin Solutions, Inc. Earnings Recaps

PENG 3 recaps
Q2 2026 Apr 2, 2026

Penguin Solutions posted strong Q2 FY '26 results driven by robust demand for AI inference infrastructure, supported by strategic investments in platform expansion.

Key takeaways
  • Achieved $343 million in net sales, reflecting growing traction in AI-focused markets.
  • Non-GAAP gross margin stood at 31.2%, reflecting improved operational efficiency.
  • Expanding AI factory platform with new MemoryAI systems and enhanced reference architectures to meet inference workload demands.
  • Strengthened leadership with the appointment of a seasoned AI infrastructure executive to accelerate product innovation and go-to-market strategies.
  • See continued momentum across enterprise, hyperscale, and sovereign AI markets, with a focus on full-stack, rapid deployment solutions.
Full recap
Q1 2026 Jan 7, 2026

Penguin Solutions reported Q1 FY 2026 revenue of $343 million, reflecting a 2% sequential increase and a strategic shift towards enterprise AI deployments, despite headwinds and the absence of hyperscale hardware revenue.

Key takeaways
  • Non-GAAP gross margins improved to 30%, demonstrating effective execution amid market transitions.
  • Advanced Computing revenue rose 9% quarter-over-quarter, bolstered by new customer bookings in defense and education sectors.
  • Integrated Memory revenue surged 41% year-over-year, highlighting strong demand signals in key markets.
  • The company is strategically diversifying its customer base and expanding into sovereign cloud opportunities, supporting future growth in AI infrastructure solutions.
Full recap
Q4 2025 Oct 8, 2025

Penguin Solutions reported a robust 17% revenue growth for FY 2025, bolstered by a strategic pivot towards AI infrastructure, solid operational improvements, and considerable customer base expansion.

Key takeaways
  • Fourth quarter revenue reached $338 million, up 9% year-over-year, with a non-GAAP operating margin improvement of 80 basis points to 11.6%.
  • Non-GAAP diluted EPS increased by 18% year-over-year to $0.43 in Q4, and by 53% to $1.90 for the full year.
  • Advanced computing revenue saw 17% year-over-year growth, with a significant 75% increase in HPC AI revenue from non-hyperscaler clients.
  • Secured a key deal with a Tier 1 U.S. financial institution for an on-premise GenAI data center, indicating growing market confidence in the company’s capabilities.
  • Strategic initiatives included a $200 million investment from SK Telecom and notable leadership appointments to strengthen the company’s market position.
Full recap