Penguin Solutions Reports Q2 Fiscal 2026 Financial Results
Penguin Solutions, Inc. (PENG)
Company Research
Source: Business Wire
Raises Full Year Net Sales and EPS Outlook FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026.Second Quarter Fiscal 2026 HighlightsNet sales of $343 million, down 6% versus the year-ago quarterGAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarterNon-GAAP gross margin of 31.2%, up 40 basis points versus the year-ago quarterGAAP diluted EPS of $0.58 versus $0.09 in the year-ago quarterNon-GAAP diluted EPS of $0.52 for the current and year-ago quarters“Enterprises, governments, and neocloud providers are racing to build AI factories, as platforms scale to power the next generation of inference workloads,” said Kash Shaikh, CEO of Penguin Solutions. “Our AI/HPC pipeline continues to expand, and we added five AI/HPC customers this quarter, including a Tier One financial institution deploying our MemoryAI™ CXL-based KV ca
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PENG
News
- Penguin Solutions (PENG) was upgraded by Zacks Research from "hold" to "strong-buy".MarketBeat
- Penguin Solutions (PENG) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "sell (d+)" to "hold (c-)".MarketBeat
- Rosenblatt Raises its Price Target on Penguin Solutions. (PENG) to $32 [Yahoo! Finance]Yahoo! Finance
- Here's Why Penguin Solutions Stock Is Flying Today [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Penguin Solutions (PENG) had its price target lowered by Stifel Nicolaus from $27.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
PENG
Earnings
- 4/1/26 - Beat
PENG
Sec Filings
- 4/16/26 - Form 144
- 4/10/26 - Form 4
- 4/9/26 - Form 144
- PENG's page on the SEC website