Inferra AI / Company / PENG
Penguin Solutions, Inc.
PENG · Information Technology
Last earnings Oct 6, 2026
Key results
GAAP gross marginfull-year
29.3%
GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP gross marginfull-year
31.7%
Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
GAAP EPSfull-year
$0.10
GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP EPSfull-year
$0.47
Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter We delivered solid third quarter results while executing against our strategic objectives, said Mark Adams, Chief Executive Officer of Penguin Solutions.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Gross marginquarter
$95,083 thousand
Gross profit 95,083 104,648 88,906 297,543 253,690
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Research and developmentquarter
$20,222 thousand
Research and development 20,222 19,907 19,681 59,940 61,596
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Operating expensesquarter
$85,240 thousand
Total operating expenses 85,240 86,160 77,395 251,856 244,186
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Operating incomequarter
$9,843 thousand
Operating income 9,843 18,488 11,511 45,687 9,504
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Net incomequarter
$3,450 thousand
Net income (loss) 3,450 8,871 6,226 18,285 (26,141)
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP Gross marginquarter
$102,753 thousand
gross profit $ 102,753 $ 112,408 $ 96,962 $ 320,283 $ 277,974
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP Operating expensesquarter
$64,279 thousand
operating expenses $ 64,279 $ 63,318 $ 63,637 $ 191,801 $ 191,456
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP EPSquarter
$ 0.47
diluted earnings per share $ 0.47 $ 0.52 $ 0.37 $ 1.48 $ 0.88
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Non-GAAP Net incomequarter
$2,661 thousand
Net income (loss) attributable to Penguin Solutions $ 2,661 $ 8,082 $ 5,616 $ 15,960 $ (19,777)
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
AI analysis
Q3 FY2025 · reported Jul 8, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Jul 8, 2025 EPS values as stated in the release.
Headline figures
| Metric | Q3 FY2025 | Prior qtr | Year ago |
|---|---|---|---|
| Gross margin | $95,083 thousand | — | — |
| Research and development | $20,222 thousand | — | — |
| Operating expenses | $85,240 thousand | — | — |
| Operating income | $9,843 thousand | — | — |
| Net income | $3,450 thousand | — | — |
| Non-GAAP Gross margin | $102,753 thousand | — | — |
| Non-GAAP Operating expenses | $64,279 thousand | — | — |
| Non-GAAP EPS | $ 0.47 | — | $0.37 |
Guidance · company-stated
Direction: Raised
“htm EX-99.1 Document Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE PENGUIN SOLUTIONS REPORTS Q3 FISCAL 2025 FINANCIAL RESULTS Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Milpitas, Calif.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Management also uses adjusted EBITDA, which represents GAAP net income (loss), adjusted for net interest expense income tax provision (benefit) depreciation expense and amortization of intangible assets share-based compensation expense cost of sales-related restructuring diligence, acquisition and integration expense redomiciliation costs impairment of goodwill restructuring charges loss on extinguishment of debt and other infrequent or unusual items.
Debt As of May 29, 2026 August 29, 2025 2030 Notes 194,763 193,906 2029 Notes 148,401 147,987 2026 Notes 19,945 2025 Loans 100,000 100,000 443,164 461,838 Less current debt ( 148,401 ) ( 19,945 ) Long-term debt $ 294,763 $ 441,893 Credit Agreement On February 7, 2022, Penguin Solutions and SMART Modular Technologies, Inc.
Event summary
Further information regarding the Company s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
EPS — Raised (“raises”)
“htm EX-99.1 Document Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE PENGUIN SOLUTIONS REPORTS Q3 FISCAL 2025 FINANCIAL RESULTS Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Milpitas, Calif.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Management also uses adjusted EBITDA, which represents GAAP net income (loss), adjusted for net interest expense income tax provision (benefit) depreciation expense and amortization of intangible assets share-based compensation expense cost of sales-related restructuring diligence, acquisition and integration expense redomiciliation costs impairment of goodwill restructuring charges loss on extinguishment of debt and other infrequent or unusual items.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Debt As of May 29, 2026 August 29, 2025 2030 Notes 194,763 193,906 2029 Notes 148,401 147,987 2026 Notes 19,945 2025 Loans 100,000 100,000 443,164 461,838 Less current debt ( 148,401 ) ( 19,945 ) Long-term debt $ 294,763 $ 441,893 Credit Agreement On February 7, 2022, Penguin Solutions and SMART Modular Technologies, Inc.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
, as administrative agent that provided for a term loan credit facility (the Amended 2022 TLA ) and a revolving credit facility (the 2022 Revolver ), in each case, maturing on February 7, 2027.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
The 2025 Credit Agreement provides for a revolving credit facility in an aggregate principal amount of $ 400.0 million (the 2025 Credit Facility and the revolving loans thereunder, the 2025 Loans ), maturing on June 24, 2030.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
The 2025 Credit Agreement provides that up to $ 35.0 million of the 2025 Credit Facility is available for issuances of letters of credit.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
On the Refinancing Closing Date, we borrowed $ 100.0 million under the 2025 Credit Facility, and simultaneously applied such proceeds, together with $ 200.0 million cash on hand, to repay in full all borrowings and terminate all commitments under the 2022 Amended Credit Agreement.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
Strategy & priorities
Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter We delivered solid third quarter results while executing against our strategic objectives, said Mark Adams, Chief Executive Officer of Penguin Solutions.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
We also strengthened our balance sheet through a refinancing after the close of Q3, and we remain focused on developing our AI software and services capabilities, expanding go-to-market resources, and driving long-term value for our stockholders.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
These statements may include, but are not limited to, statements concerning or regarding future events and the future financial and operating performance of Penguin Solutions statements regarding the extent and timing of and expectations regarding Penguin Solutions future net sales and expenses statements regarding Penguin Solutions strategic objectives and development of our services and capabilities statements regarding long-term effective tax rates statements regarding the business and financial outlook for fiscal year 2025 described under Business Outlook above and statements regarding our liquidity.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
While we expect to use this normalized non-GAAP effective tax rate through fiscal 2025, this long-term non-GAAP effective tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix or changes to our strategy or business operations.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Our GAAP effective tax rate can vary significantly from quarter to quarter based on a variety of factors, including, but not limited to, discrete items which are recorded in the period they occur, the tax effects of certain items of income or expense, significant changes in our geographic earnings mix or changes to our strategy or business operations.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Risks & headwinds
These and other risks, uncertainties and factors are described in greater detail under the sections titled Risk Factors, Critical Accounting Estimates, Results of Operations, Quantitative and Qualitative Disclosures About Market Risk and Liquidity and Capital Resources contained in the Annual Report on Form 10-K for the fiscal year ended August 30, 2024 filed prior to the U.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Such risks, uncertainties and factors as outlined above and in such filings could cause our actual results to be materially different from such forward-looking statements.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
With our expert skills, experience, and partnerships, we turn our customers most complex challenges into compelling opportunities.
SEC original ↗Penguin Solutions, Inc. — Earnings release (8-K exhibit)EX-99Jul 8, 2025
Other Information Item 1 Legal Proceedings 42 Item 1A Risk Factors 42 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 3 Defaults Upon Senior Securities 42 Item 4 Mine Safety Disclosures 43 Item 5 Other Information 43 Item 6 Exhibits 44 Signatures 45 2 Explanatory Note On June 30, 2025, we completed the redomiciliation of the parent company of our corporate group, Penguin Solutions (Cayman), Inc.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
These and other risks, uncertainties and factors are described in greater detail under the sections titled Risk Factors, Critical Accounting Estimates, Results of Operations, Quantitative and Qualitative Disclosures About Market Risk and Liquidity and Capital Resources contained in our Annual Report on Form 10-K for the fiscal year ended August 29, 2025 (the 2025 Annual Report ), this Quarterly Report and the risks discussed in our other SEC filings.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
Such risks, uncertainties and factors as outlined above and in such filings could cause actual results of Penguin Solutions to be materially different from such forward-looking statements.
SEC original ↗Penguin Solutions, Inc. — 10-Q Quarterly report10-QJul 7, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
36 documents- Q3 2026
- 10-KPENG
Oct 20, 2026
- 8-KPENG
Oct 6, 2026
- EX-99PENG
- 8-KPENG
Oct 6, 2026
- Q2 2026
- 8-KPENG
Jul 17, 2026
- 8-KPENG
Jul 7, 2026
- 10-QPENG
- 8-K/APENG
- Q1 2026
- 8-KPENG
Jun 1, 2026
- 8-KPENG
May 18, 2026
- EX-99PENG
May 18, 2026
- 8-KPENG
Apr 1, 2026
- 8-KPENG
Apr 1, 2026
- 10-QPENG
- EX-99PENG
- Q4 2025
- 8-KPENG
Feb 11, 2026
- 8-KPENG
Feb 2, 2026
- EX-99PENG
- 8-KPENG
Jan 6, 2026
- 10-QPENG
- Q3 2025
- 8-KPENG
Dec 30, 2025
- 10-KPENG
Oct 21, 2025
- 8-KPENG
Oct 7, 2025
- Q2 2025
- 8-KPENG
Jul 29, 2025
- EX-99PENG
Jul 29, 2025
- 8-KPENG
Jul 8, 2025
- 10-QPENG
- Q1 2025
- 8-KPENG
Jun 26, 2025
- EX-99PENG
Jun 26, 2025
- 8-KPENG
Jun 17, 2025
- 8-KPENG
Apr 2, 2025
- 10-QPENG
- Q4 2024
- 8-KPENG
Mar 24, 2025
- 8-KPENG
Feb 12, 2025
- 8-KPENG
Jan 8, 2025
- 10-QPENG
Earnings releases
11 documentsPresentations
0 documentsNo presentations for Penguin Solutions, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Penguin Solutions, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Penguin Solutions, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“…that, Ken served as CFO of Smart Global Holdings (now Penguin Solutions), where he drove meaningful margin expansion, and oversaw the execution of two transformational transactions. His experience also includes CFO”
See also the earnings calendar for every tracked company’s next earnings date.