Earnings summaries and quarterly performance for Penguin Solutions.
Executive leadership at Penguin Solutions.
Mark Adams
Detailed
President and Chief Executive Officer
CEO
Anne Kuykendall
Detailed
Senior Vice President and Chief Legal Officer
Jack Pacheco
Detailed
Executive Vice President and Chief Operating Officer; President, Integrated Memory
Joseph Clark
Detailed
Senior Vice President; President, Optimized LED
Nate Olmstead
Detailed
Senior Vice President and Chief Financial Officer
Ted Gillick
Detailed
Senior Vice President of Strategy and Corporate Development
Tony Frey
Detailed
Senior Vice President and Chief Revenue Officer
Board of directors at Penguin Solutions.
Research analysts who have asked questions during Penguin Solutions earnings calls.
Kevin Cassidy
Rosenblatt Securities
4 questions for PENG
Also covers: ADEA, AMBA, BTDR +13 more
Samik Chatterjee
JPMorgan Chase & Co.
4 questions for PENG
Also covers: AAPL, ANET, APH +32 more
Ananda Baruah
Loop Capital Markets LLC
2 questions for PENG
Also covers: BURU, CRUS, DDD +15 more
Denis Pyatchanin
Stifel Financial Corp.
2 questions for PENG
Also covers: AMKR, CAMT, COHU +1 more
Matthew Calitri
Needham & Company
2 questions for PENG
Also covers: AI, CGNT, FROG +4 more
Michael Ng
Goldman Sachs
2 questions for PENG
Also covers: AAPL, ANET, AXON +20 more
Nick Doyle
Needham & Company
2 questions for PENG
Also covers: CRNC, MBLY, MTSI +5 more
Rustam Kanga
Citizens Capital Markets and Advisory
2 questions for PENG
Also covers: AVNW, BLZE, KTOS +1 more
Thomas O’Malley
Barclays Capital
2 questions for PENG
Also covers: ALAB, ALGM, AMD +21 more
Recent press releases and 8-K filings for PENG.
Penguin Solutions Reports Strong FY25 Results, Provides FY26 Outlook with Strategic Adjustments
PENG
Earnings
Guidance Update
New Projects/Investments
- Penguin Solutions reported a strong fiscal year 2025, with revenue growing 17% year-over-year to $1.37 billion and non-GAAP diluted EPS increasing 53% to $1.90. The company evolved into a leading provider of AI infrastructure solutions, expanding its Advanced Computing pipeline and deploying its first international AI infrastructure implementation.
- For fiscal year 2025, Advanced Computing revenue grew 17% to $648 million, driven by a 75% increase in HPC AI revenue from non-hyperscalers. Integrated Memory revenue also saw significant growth, increasing 30% to $464 million.
- For fiscal year 2026, Penguin Solutions initiated an outlook for net sales to grow 6%, plus or minus 10% year-over-year, and non-GAAP diluted EPS of approximately $2, plus or minus $0.25. This outlook incorporates a 14% unfavorable year-over-year impact due to the planned wind-down of the Penguin Edge business and the assumption of zero hardware sales to hyperscale customers.
- The company refinanced its debt, reducing total gross debt by $200 million, and reported net debt of $16 million at the end of the fiscal year. The board also authorized a $75 million increase in its stock repurchase authorization, bringing the total remaining authorization to $112 million.
Oct 7, 2025, 8:30 PM
Penguin Solutions Announces Strong FY25 and Q4 FY25 Results with Strategic Investments and Debt Reduction
PENG
Earnings
Guidance Update
Share Buyback
- Penguin Solutions reported Net Sales of $1.37 billion for FY25, an increase of 17% compared to FY24, and $338 million for Q4 FY25, up 9% year-over-year.
- The company achieved Non-GAAP diluted EPS of $1.90 for FY25, a 53% increase over FY24, and $0.43 for Q4 FY25, up 18% year-over-year.
- Penguin Solutions closed a $200 million SK Telecom strategic investment and refinanced debt, reducing total gross debt by $200 million and achieving net debt of $16 million at FY25 year-end.
- The company repurchased 16K shares for $296K in Q4 FY25 and announced a new $75 million stock repurchase authorization in October 2025.
- For FY26, Penguin Solutions anticipates Non-GAAP diluted EPS to be $2.00 +/- $0.25.
Oct 7, 2025, 8:30 PM
Penguin Solutions Reports Strong FY 2025 Results and Provides FY 2026 Outlook
PENG
Earnings
Guidance Update
Share Buyback
- Penguin Solutions reported strong fiscal year 2025 financial results, with revenue growing 17% year-over-year and non-GAAP diluted EPS increasing 53% to $1.09.
- Key strategic accomplishments in FY 2025 included securing a $200 million investment from SK Telecom, deploying its first international AI infrastructure, and strengthening partnerships.
- For fiscal year 2026, the company projects net sales growth of 6% plus or minus 10% and non-GAAP diluted EPS of $2 plus or minus $0.25. This outlook incorporates a 14 percentage point headwind from the wind-down of the Penguin Edge business and no hyperscale hardware sales.
- The board authorized a $75 million increase in the stock repurchase program, bringing the total remaining authorization to $112 million, and the company reduced its total gross debt by $200 million through refinancing.
Oct 7, 2025, 8:30 PM
Penguin Solutions Reports Q4 and Full Year Fiscal 2025 Financial Results and Authorizes Stock Repurchase
PENG
Earnings
Guidance Update
Share Buyback
- Penguin Solutions reported Fiscal Year 2025 net sales of $1.37 billion, representing a 17% increase compared to the prior year, with GAAP diluted EPS of $0.28 and Non-GAAP diluted EPS of $1.90.
- For the fourth quarter of fiscal 2025, net sales were $338 million, an increase of 9% versus the year-ago quarter, and Non-GAAP diluted EPS was $0.43.
- On October 6, 2025, the Audit Committee of the Board of Directors approved a $75 million common stock repurchase authorization.
- The company provided a fiscal year 2026 outlook, projecting 6% year-over-year net sales growth (+/-10%) and Non-GAAP diluted earnings per share of $2.00 (+/-$0.25).
Oct 7, 2025, 8:09 PM
Penguin Solutions Announces Leadership Changes
PENG
Management Change
Hiring
- Penguin Solutions, Inc. announced leadership changes as part of an updated organizational structure intended to accelerate growth, support product innovation, and further enable go-to-market strategies, underscoring its transformation to an AI Infrastructure Solutions Company.
- Tony Frey was appointed SVP and Chief Revenue Officer, effective August 25, 2025, and will oversee global sales for the Advanced Computing and Integrated Memory segments.
- Ted Gillick was appointed SVP of Strategy and Corporate Development, effective August 4, 2025.
- Pete Manca ceased serving as SVP and President of Advanced Computing on July 28, 2025, with his role eliminated in the revised organizational structure.
Jul 29, 2025, 12:00 AM
Penguin Solutions Refinances Credit Facilities
PENG
Debt Issuance
- Penguin Solutions, Inc. completed a refinancing of its credit facilities on June 24, 2025, establishing a new $400 million Revolving Credit Facility that matures in 2030.
- This new facility replaces the previous $300 million Term Loan A Facility due 2027 and $250 million Revolving Credit Facility due 2027, which were repaid and terminated.
- The company repaid $300 million outstanding under the existing facilities by borrowing $100 million from the new facility and using $200 million in available cash, thereby reducing its funded debt by $200 million.
- The initial interest rate for the new Credit Facilities is based on the Secured Overnight Financing Rate (SOFR) plus 1.75%.
Jun 26, 2025, 12:00 AM
Penguin Solutions Announces Proposed Redomiciliation to the United States
PENG
- Penguin Solutions, Inc. has received board approval to redomicile its Cayman Islands parent company to the United States, a move aimed at streamlining its organizational and regulatory structure.
- The redomiciliation plan involves exchanging existing Cayman Islands ordinary and convertible preferred shares one-for-one for common stock and convertible preferred stock of a new Delaware corporation, with completion anticipated in Q3 2025 pending shareholder and Cayman Court approvals.
- Following the redomiciliation, the company’s common stock will continue to trade under the ticker PENG on the Nasdaq Global Select Market, reflecting its ongoing strategic focus in the U.S. market.
Mar 24, 2025, 12:00 AM
Quarterly earnings call transcripts for Penguin Solutions.
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