Penguin Solutions Quarterly Income Statement
NASDAQ: PENGTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Penguin Solutions revenue and earnings
In the quarter ended May 29, 2026, Penguin Solutions generated $478.7 million in revenue, up 47.6% from the same quarter a year earlier. Net income was $44.7 million (+1579.4% year over year), for a net margin of 9.3% versus a median of 2.2% in the prior 5 quarters. Gross margin was 27.8% (down from 29.3%) and operating margin 10.6%.
Diluted earnings per share came in at $0.68.
Summary generated from market data by MetaCap's automated system. Methodology
Penguin Solutions income statement (quarterly)
| Quarter (USD) | Q3 20262026-05-29 | Q2 20262026-02-27 | Q1 20262025-11-28 | Q4 20252025-08-29 | Q3 20252025-05-30 | Q2 20252025-02-28 | Q1 20252024-11-29 | Q4 20242024-08-30 | Q3 20242024-05-31 | Q2 20242024-03-01 | Q1 20242023-12-01 | Q4 20232023-08-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 478.71M | 343.00M | 343.07M | 337.92M | 324.25M | 365.52M | 341.10M | 311.15M | 300.58M | 284.82M | 274.25M | 316.66M |
| Revenue growth (YoY) | +47.64% | -6.16% | +0.58% | +8.60% | +7.88% | +28.33% | +24.38% | -1.74% | -12.73% | -26.66% | -30.00% | -12.64% |
| Cost of Revenue | 345.50M | 249.30M | 246.96M | 241.19M | 229.17M | 260.87M | 243.29M | 224.06M | 211.67M | 202.89M | 191.40M | 225.07M |
| Gross Profit | 133.21M | 93.70M | 96.11M | 96.73M | 95.08M | 104.65M | 97.81M | 87.09M | 88.91M | 81.93M | 82.85M | 91.58M |
| Operating Expenses | 82.35M | 68.01M | 76.53M | 84.28M | 85.24M | 86.16M | 80.46M | 78.30M | 77.39M | 85.25M | 81.55M | 93.22M |
| Research & Development | 21.98M | 18.98M | 18.69M | 19.86M | 20.22M | 19.91M | 19.81M | 19.94M | 19.68M | 20.53M | 21.39M | 20.88M |
| Selling, General & Admin | 59.40M | 47.99M | 53.09M | 58.60M | 59.72M | 59.31M | 60.54M | 58.03M | 57.25M | 61.38M | 57.22M | 65.03M |
| Operating Income | 50.86M | 25.69M | 19.58M | 12.45M | 9.84M | 18.49M | 17.36M | 8.79M | 11.51M | -3.31M | 1.30M | -1.64M |
| Other Income (Expense) | 2.83M | 27.26M | -11.72M | -3.09M | 866.00K | -1.97M | -5.03M | -26.37M | -6.61M | -7.50M | -8.98M | -8.72M |
| Pretax Income | 53.70M | 52.95M | 7.86M | 9.35M | 10.71M | 16.51M | 12.32M | -17.58M | 4.90M | -10.81M | -7.68M | -10.36M |
| Income Tax | 7.51M | 14.41M | 1.80M | -1.20M | 7.26M | 7.64M | 6.36M | 6.21M | -1.32M | 2.20M | 3.53M | -75.89M |
| Net Income | 44.69M | 37.45M | 5.27M | 9.43M | 2.66M | 8.08M | 5.22M | -24.55M | 5.62M | -13.62M | -19.92M | -140.84M |
| Net Income growth (YoY) | +1579.41% | +363.40% | +1.02% | — | -52.62% | — | — | — | — | — | -499.06% | -805.67% |
| EPS (Basic) | 0.73 | 0.59 | 0.04 | 0.11 | -0.01 | 0.09 | 0.10 | -0.47 | 0.11 | -0.26 | -0.38 | -2.83 |
| EPS (Diluted) | 0.68 | 0.58 | 0.04 | 0.10 | -0.01 | 0.09 | 0.10 | -0.46 | 0.10 | -0.26 | -0.38 | -2.70 |
| Shares Outstanding (Basic) | 51.00M | 52.28M | 52.90M | 52.55M | 53.13M | 53.45M | 53.48M | 53.07M | 52.57M | 52.03M | 52.07M | 50.81M |
| Shares Outstanding (Diluted) | 55.06M | 53.19M | 54.99M | 54.37M | 53.74M | 54.38M | 54.31M | 53.07M | 54.28M | 52.03M | 52.07M | 55.52M |
| EBITDA | 63.17M | 38.44M | 32.40M | 25.65M | 23.86M | 32.52M | 32.32M | 24.17M | 27.04M | 13.84M | 18.96M | 17.19M |
| Gross Margin | 27.83% | 27.32% | 28.01% | 28.63% | 29.32% | 28.63% | 28.68% | 27.99% | 29.58% | 28.77% | 30.21% | 28.92% |
| Operating Margin | 10.62% | 7.49% | 5.71% | 3.68% | 3.04% | 5.06% | 5.09% | 2.83% | 3.83% | -116.00% | 48.00% | -52.00% |
| Net Margin | 9.34% | 10.92% | 1.54% | 2.79% | 82.00% | 2.21% | 1.53% | -7.89% | 1.87% | -4.78% | -7.26% | -44.48% |
This table shows 12 quarterly periods of Penguin Solutions's income statement, from Q3 2026 back to Q4 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PENG's reporting calendar. What is a income statement?