Loading...
•
Nov 28, 2025
Penguin Solutions Q1 2026 Earnings Report
Penguin Solutions reported solid first quarter fiscal 2026 results driven by operational excellence and memory growth.
Key Takeaways
Penguin Solutions announced solid first quarter fiscal 2026 results with net sales of $343 million, a 1% increase year-over-year. The company reported GAAP diluted EPS of $0.04 and non-GAAP diluted EPS of $0.49. Operational excellence and memory growth were key drivers for the quarter.
Net sales increased by 1% to $343 million compared to the year-ago quarter.
GAAP gross margin was 28.0%, a decrease of 70 basis points year-over-year.
Non-GAAP diluted EPS remained flat at $0.49 compared to the year-ago quarter.
The company made progress on strategic priorities and expanded its pipeline, seeing signs of a shift in the AI market towards enterprise adoption.
Revenue by Segment
Forward Guidance
Penguin Solutions provided a financial outlook for fiscal year 2026, anticipating continued growth in net sales and non-GAAP diluted EPS.
Positive Outlook
- Net sales are expected to grow 6% year-over-year, with a +/-10% range.
- Non-GAAP gross margin is projected at 29% +/-1%.
- Non-GAAP diluted EPS is expected to be $2.00 +/- $0.25.
- The company anticipates 55 million diluted shares.
- Continued focus on executing with discipline, deepening partnerships, and innovating across core businesses.
Challenges Ahead
- GAAP gross margin is projected lower than non-GAAP at 27% +/-1%.
- GAAP diluted EPS is significantly lower than non-GAAP at $0.85 +/- $0.25.
- Operating expenses are expected to be $307 million +/- $10 million (GAAP) and $250 million +/- $10 million (Non-GAAP).
- The outlook includes various adjustments that impact GAAP figures, indicating ongoing non-recurring or non-operational costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...