Penguin Solutions, Inc.
For the period ended Feb 27, 2026. Filed Apr 1, 2026.
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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.
Feb 27, 2026 · Filed Apr 1, 2026
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| February 27,2026 | February 28,2025 | February 27,2026 | February 28,2025 | |
| Net sales: | ||||
| Products | $277,641 | $301,479 | $524,033 | $571,739 |
| Services | 64,429 | 64,040 | 128,934 | 134,882 |
| Related party | 929 | — | 33,103 | — |
| Total net sales | 342,999 | 365,519 | 686,070 | 706,621 |
| Cost of sales: | ||||
| Products | 218,241 | 233,598 | 438,296 | 448,747 |
| Services | 31,056 | 27,273 | 57,963 | 55,414 |
| Total cost of sales | 249,297 | 260,871 | 496,259 | 504,161 |
| Gross profit | 93,702 | 104,648 | 189,811 | 202,460 |
| Operating expenses: | ||||
| Research and development | 18,976 | 19,907 | 37,669 | 39,718 |
| Selling, general and administrative | 47,989 | 59,315 | 101,081 | 119,851 |
| Impairment of goodwill | — | 6,079 | — | 6,079 |
| Other operating expense | 1,048 | 859 | 5,790 | 968 |
| Total operating expenses | 68,013 | 86,160 | 144,540 | 166,616 |
| Operating income | 25,689 | 18,488 | 45,271 | 35,844 |
| Non-operating (income) expense: | ||||
| Interest expense, net | 721 | 2,183 | 768 | 6,579 |
| Other non-operating (income) expense | (27,983) | (209) | (16,308) | 427 |
| Total non-operating (income) expense | (27,262) | 1,974 | (15,540) | 7,006 |
| Income (loss) before taxes | 52,951 | 16,514 | 60,811 | 28,838 |
| Income tax provision (benefit) | 14,410 | 7,643 | 16,215 | 14,003 |
| Net income (loss) | 38,541 | 8,871 | 44,596 | 14,835 |
| Net income (loss) attributable to noncontrolling interest | 1,089 | 789 | 1,874 | 1,536 |
| Net income (loss) attributable to Penguin Solutions | 37,452 | 8,082 | 42,722 | 13,299 |
| Preferred stock dividends | 3,033 | 2,600 | 6,066 | 2,600 |
| Income available for distribution | 34,419 | 5,482 | 36,656 | 10,699 |
| Income allocated to participating securities | 3,594 | 482 | 3,808 | 492 |
| Net income available to common stockholders | $30,825 | $5,000 | $32,848 | $10,207 |
| Earnings (loss) per share | ||||
| Basic | $0.59 | $0.09 | $0.62 | $0.19 |
| Diluted | $0.58 | $0.09 | $0.61 | $0.19 |
| Common stock used in per share calculations: | ||||
| Basic | 52,283 | 53,454 | 52,592 | 53,468 |
| Diluted | 53,186 | 54,384 | 54,031 | 54,484 |
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