Here are the 10-Q quarterly reports from Penguin Solutions, Inc. (PENG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PENG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PENG filings page.
Penguin Solutions (PENG) reported a very strong quarter for the period ended May 29, 2026. Net sales were $478.7 million, up 47.6% from $324.3 million, driven mainly by Integrated Memory, where AI-related DRAM and Flash demand boosted volume and pricing.
Net income jumped to $46.2 million from $3.5 million, and basic EPS improved to $0.73 from a small loss. Gross margin held near prior levels at 27.8%, while operating margin expanded as selling, general and administrative costs fell as a percentage of sales and goodwill impairments did not recur.
The company generated $11.2 million of operating cash flow year-to-date, supported by a large increase in payables that offset higher receivables and inventories. Cash and cash equivalents were $440.3 million, against total debt of $443.2 million, including 2029 and 2030 convertible notes.
Penguin Solutions, Inc. reported lower sales but sharply higher profitability for the quarter ended February 27, 2026. Net sales fell to $343.0 million from $365.5 million as Advanced Computing hardware revenue dropped, partly offset by strong Integrated Memory growth.
Net income attributable to Penguin Solutions jumped to $37.5 million from $8.1 million, and diluted EPS rose to $0.58 from $0.09, largely driven by a $27.5 million gain on the sale of its Celestial AI investment. Gross margin slipped to 27.3% as business mix shifted and the company recorded a $5.8 million inventory write-off for goods stolen in transit.
PENG ended the quarter with $489.2 million in cash and cash equivalents and $442.8 million of long‑term debt, after refinancing its credit facility and redeeming its 2026 convertible notes in cash. It continued returning capital via share repurchases and paid $6.1 million in preferred dividends tied to its SK Telecom strategic investment.