Penguin Solutions, Inc.

For the period ended Nov 28, 2025. Filed Jan 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 28, 2025 · Filed Jan 6, 2026

PENG$45.70+9.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months Ended
	November 28,2025	November 29,2024
Net sales:
Products	$246,392	$270,260
Services	64,505	70,842
Related party	32,174	—
Total net sales	343,071	341,102
Cost of sales:
Products	220,055	215,149
Services	26,907	28,141
Total cost of sales	246,962	243,290
Gross profit	96,109	97,812
Operating expenses:
Research and development	18,693	19,811
Selling, general and administrative	53,092	60,536
Other operating expense	4,742	109
Total operating expenses	76,527	80,456
Operating income	19,582	17,356
Non-operating (income) expense:
Interest expense, net	47	4,396
Other non-operating expense	11,675	636
Total non-operating expense	11,722	5,032
Income (loss) before taxes	7,860	12,324
Income tax provision (benefit)	1,805	6,360
Net income (loss)	6,055	5,964
Net income (loss) attributable to noncontrolling interest	785	747
Net income (loss) attributable to Penguin Solutions	5,270	5,217
Preferred stock dividends	3,033	—
Income available for distribution	2,237	5,217
Income allocated to participating securities	231	—
Net income available to common stockholders	$2,006	$5,217
Earnings (loss) per share
Basic	$0.04	$0.10
Diluted	$0.04	$0.10
Common stock used in per share calculations:
Basic	52,900	53,482
Diluted	54,991	54,312

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.