Quarterly ResultJul 7, 2026, 04:42 PM
Penguin Solutions Q3 Net Sales $478.7M, EPS $0.68; Net Income $44.7M
AI Summary
Penguin Solutions reported strong financial results for the third quarter and first nine months of fiscal year 2026. Net sales, net income, and diluted EPS saw significant year-over-year increases. The company also completed the sale of Zilia Technologies and disposed of its investment in Celestial AI, realizing gains from both transactions, while also recording an impairment on another equity investment. The company previously completed its U.S. Domestication from the Cayman Islands to Delaware in June 2025.
Key Highlights
- Q3 Net Sales increased to $478.7 million from $324.3 million year-over-year.
- Q3 Net Income attributable to Penguin Solutions rose to $44.7 million from $2.7 million year-over-year.
- Q3 Diluted EPS improved significantly to $0.68 from $(0.01) year-over-year.
- Nine-month Net Sales increased to $1.16 billion from $1.03 billion year-over-year.
- Nine-month Net Income attributable to Penguin Solutions rose to $87.4 million from $16.0 million year-over-year.
- Sold Zilia Technologies for $39.6 million net, realizing a $3.9 million gain.
- Disposed of Celestial AI investment for $32.7 million, recognizing a $27.5 million gain.
- Recognized a $10.0 million impairment on another non-marketable equity investment.
Price Impact
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