Earnings summaries and quarterly performance for Penguin Solutions.
Executive leadership at Penguin Solutions.
Mark Adams
Detailed
President and Chief Executive Officer
CEO
AK
Anne Kuykendall
Detailed
Senior Vice President and Chief Legal Officer
JP
Jack Pacheco
Detailed
Executive Vice President and Chief Operating Officer; President, Integrated Memory
JC
Joseph Clark
Detailed
Senior Vice President; President, Optimized LED
NO
Nate Olmstead
Detailed
Senior Vice President and Chief Financial Officer
TG
Ted Gillick
Detailed
Senior Vice President of Strategy and Corporate Development
TF
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.
SC
Samik Chatterjee
JPMorgan Chase & Co.
6 questions for PENG
Also covers: AAPL, ANET, APH +32 more
Kevin Cassidy
Rosenblatt Securities
4 questions for PENG
Also covers: ADEA, AMBA, BTDR +13 more
AB
Ananda Baruah
Loop Capital Markets LLC
2 questions for PENG
Also covers: BURU, CRUS, DDD +15 more
BC
Brian Chin
Stifel Financial Corp.
2 questions for PENG
Also covers: AEIS, AMAT, CAMT +8 more
DP
Denis Pyatchanin
Stifel Financial Corp.
2 questions for PENG
Also covers: AMKR, CAMT, COHU +1 more
MC
Matthew Calitri
Needham & Company
2 questions for PENG
Also covers: AI, CGNT, FROG +4 more
MK
Matthew Kalitri
Needham & Company LLC
2 questions for PENG
MD
Matty DePaola
Rosenblatt Securities
2 questions for PENG
MN
Michael Ng
Goldman Sachs
2 questions for PENG
Also covers: AAPL, ANET, AXON +20 more
ND
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
TO
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 Discusses Transformation to AI Infrastructure, Revenue Growth, and Strategic Focus
PENG
Revenue Acceleration/Inflection
New Projects/Investments
Management Change
- Penguin Solutions has transformed from a memory module company to an AI infrastructure solutions provider, leading to an increase in gross margins to 30% or higher and achieving zero net debt.
- For the fiscal year ending August 2025, the company reported 17% total revenue growth, with its Advanced Computing segment growing even higher.
- The company's growth strategy is shifting focus from hyperscaler concentration to enterprise deployment growth and Sovereign AI, with the non-hyperscaler AI business growing 75% in FY25 and over 250% in Q1, now representing nearly 25% of total company revenue.
- The enterprise memory business also demonstrated strong performance, with a 40% year-over-year increase in Q1 (2026 vs 2025) and a $10 million CXL order received, despite expectations of tight memory supply for the next 12 to 18 months.
- Penguin Solutions is optimizing operations by consolidating functions and hiring a corporate CRO, while observing a market shift towards AI inference use cases and production environments, indicating increased confidence in AI return on investment.
Jan 15, 2026, 4:45 PM
Penguin Solutions Discusses Business Transformation, AI Growth, and Strategic Focus at Needham Conference
PENG
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Penguin Solutions has successfully transformed from a memory module company to an AI infrastructure solutions business, significantly increasing gross margins from below 20% to 30% or higher and achieving zero net debt.
- The company reported 17% total revenue growth for FY25 and saw its non-hyperscale AI business grow more than 250% in Q1 FY26, now contributing nearly 25% of total company revenue.
- Penguin is strategically shifting its focus to enterprise deployment growth and sovereign AI deals, diversifying away from hyperscaler clients, and secured new Fortune 100 customer wins in Q1 FY26.
- The enterprise memory business demonstrated strong performance with 40% year-over-year growth in Q1 FY26, supported by investments in AI enablement technologies like CXL, including a $10 million CXL order.
- Operational efficiencies are being realized through the transition from a holding company structure to a unified corporate structure, consolidating functions, and investing in sales leadership and software development.
Jan 15, 2026, 4:45 PM
Penguin Solutions Discusses Strategic Transformation and Growth at Needham Conference
PENG
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Penguin Solutions has transformed from a memory module company to an AI infrastructure solutions provider, leading to an increase in gross margins from below 20% to 30% or higher and achieving zero net debt.
- The company reported 17% total revenue growth for the fiscal year ending August 2025, with its Advanced Computing segment growing even higher.
- Penguin's growth strategy is focused on enterprise deployment and Sovereign AI, with the non-hyperscaler AI business growing 75% in FY2025 and over 250% in Q1, now accounting for nearly 25% of total company revenue.
- The enterprise memory business grew 40% year over year in Q1 (2026 vs 2025) and secured a $10 million CXL order, with tight supply conditions expected for the next 12 to 18 months.
- The company is optimizing operations by consolidating functions and hiring a new Chief Revenue Officer (CRO), while maintaining its 2026 total revenue guidance of approximately 6% growth despite a 20% headwind.
Jan 15, 2026, 4:45 PM
Penguin Solutions Announces Q1 Fiscal 2026 Results and Reaffirms Full-Year Outlook
PENG
Earnings
Guidance Update
M&A
- Penguin Solutions reported Q1 fiscal 2026 revenue of $343 million, a 1% increase year over year, and non-GAAP diluted earnings per share of $0.49, which was flat year over year.
- The company reaffirmed its full-year fiscal 2026 outlook, projecting 6% net sales growth and $2 of non-GAAP diluted EPS at the midpoint.
- Integrated Memory net sales increased by 41% year over year to $137 million in Q1 2026, leading to an upward revision of its full-year growth outlook to 20% to 35%.
- Advanced Computing net sales were $151 million, down 15% year over year, primarily due to not recognizing any hyperscale hardware revenue in Q1 2026, which had been a meaningful contributor in the prior year.
- Penguin Solutions entered into an agreement to sell its remaining 19% stake in Zillia Technologies for $46 million, with the transaction anticipated to close in Q3 fiscal 2026.
Jan 6, 2026, 9:30 PM
Penguin Solutions Announces Q1 Fiscal 2026 Results and Confirms Full-Year Outlook
PENG
Earnings
Guidance Update
New Projects/Investments
- Penguin Solutions reported Q1 fiscal 2026 revenue of $343 million, a 1% year-over-year increase, and Non-GAAP diluted earnings per share of $0.49. Non-GAAP gross margins for the quarter were 30%.
- Integrated Memory net sales increased 41% year over year to $137 million in Q1 2026, with the full-year Memory net sales growth now expected between 20% and 35%. Advanced Computing net sales were $151 million, down 15% year over year, primarily due to the absence of hyperscale hardware sales.
- The company confirmed its full-year fiscal 2026 outlook, projecting 6% net sales growth and $2.00 in Non-GAAP diluted EPS at the midpoint. This guidance reflects a strategic shift towards wider enterprise AI adoption and customer diversification, with second-half sales expected to be stronger.
- Penguin Solutions signed an agreement in late December to sell its remaining 19% stake in Zillia Technologies for $46 million, with the transaction anticipated to close in Q3 fiscal 2026.
Jan 6, 2026, 9:30 PM
Penguin Solutions Reports Q1 FY26 Financial Results and Provides FY26 Outlook
PENG
Earnings
Guidance Update
Share Buyback
- Penguin Solutions reported Q1 FY26 net sales of $343M, an increase of 1% year-over-year, with non-GAAP diluted EPS flat at $0.49 for the quarter ended November 28, 2025.
- Segment performance for Q1 FY26 included Integrated Memory revenue of $137M, up 41% year-over-year, and Optimized LED net sales of $55M, down 18% year-over-year.
- The company repurchased 791K shares for $15M during Q1 FY26.
- For FY26, Penguin Solutions provided a non-GAAP outlook for net sales growth of 6% year-over-year +/- 10% and non-GAAP diluted EPS of $2.00 +/- $0.25.
- Strategically, the company is transitioning to an AI solutions provider and plans a $46M sale of its remaining 19% stake in Zilia Technologies.
Jan 6, 2026, 9:30 PM
Penguin Solutions Announces Q1 Fiscal 2026 Results and Confirms Full-Year Outlook
PENG
Earnings
Guidance Update
Demand Weakening
- Penguin Solutions reported Q1 fiscal 2026 revenue of $343 million, an increase of 1% year over year, and non-GAAP diluted earnings per share of $0.49, which was flat year over year. The company confirmed its full-year fiscal 2026 outlook, expecting 6% net sales growth and $2 in non-GAAP diluted EPS at the midpoint.
- In Q1 2026, Integrated Memory net sales grew 41% year over year to $137 million, with its full-year growth outlook raised to 20% to 35%. Conversely, Optimized LED net sales declined 18% sequentially to $55 million, and its full-year outlook was revised to a -15% to -5% decline due to weak demand in China and softness among certain large U.S. OEM customers. The non-GAAP gross margin outlook for the full year was adjusted down by 50 basis points to 29% plus or minus 1 percentage point due to a higher mix of lower-margin memory sales.
- The company is observing a broader market shift from hyperscaler deployments to wider enterprise adoption of AI, and is focused on customer diversification. Additionally, Penguin Solutions signed an agreement to sell its remaining 19% stake in Zilia Technologies for $46 million, with the transaction expected to close in Q3 fiscal 2026.
Jan 6, 2026, 9:30 PM
Penguin Solutions Reports Q1 Fiscal 2026 Results and Announces Divestment
PENG
Earnings
Guidance Update
M&A
- Penguin Solutions reported net sales of $343 million for Q1 Fiscal 2026, representing a 1% increase compared to the year-ago quarter. The company's GAAP diluted EPS was $0.04, while Non-GAAP diluted EPS was $0.49 for the quarter.
- The company reached an agreement on December 29, 2025, to divest its remaining 19% interest in Zilia Technologies (Brazil Memory Module Business) for a purchase price of $46.08 million. The closing of this transaction is expected to occur on or about March 30, 2026, and no later than April 28, 2026.
- For fiscal year 2026, Penguin Solutions provided an updated financial outlook, projecting 6% YoY Growth +/-10% for net sales. The company anticipates GAAP diluted EPS of $0.85 +/- $0.25 and Non-GAAP diluted EPS of $2.00 +/- $0.25.
Jan 6, 2026, 9:10 PM
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
Quarterly earnings call transcripts for Penguin Solutions.
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