Quarterly ResultJul 7, 2026, 04:12 PM
Penguin Solutions Q3 Net Sales $479M, EPS $0.68; Raises FY26 Outlook
AI Summary
Penguin Solutions, Inc. reported record financial results for the third quarter of fiscal 2026, driven by strong AI-driven demand. Net sales grew 48% year-over-year to $479 million, and Non-GAAP diluted EPS increased 79% to $0.84. The company also raised its full-year fiscal 2026 outlook for both net sales and EPS, reflecting confidence in its AI Factory Platform strategy and continued momentum in its Integrated Memory and AI Infrastructure businesses.
Key Highlights
- Q3 Fiscal 2026 net sales reached a record $479 million, up 48% year-over-year.
- Q3 GAAP diluted EPS was $0.68, compared to $(0.01) in the prior year quarter.
- Q3 Non-GAAP diluted EPS was $0.84, an increase of 79% year-over-year.
- Integrated Memory net sales more than doubled year-over-year.
- Company raised full-year fiscal 2026 net sales growth outlook to 22% +/- 2%.
- Full-year GAAP EPS outlook raised to $1.97 +/- $0.05.
- Full-year non-GAAP EPS outlook raised to $2.60 +/- $0.05.
Price Impact
More from PENG