Penguin Solutions, Inc.
For the period ended May 29, 2026. Filed Jul 7, 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.
May 29, 2026 · Filed Jul 7, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| May 29,2026 | May 30,2025 | May 29,2026 | May 30,2025 | |
| Net sales: | ||||
| Products | $414,166 | $258,735 | $938,199 | $830,474 |
| Services | 63,715 | 65,516 | 192,649 | 200,398 |
| Related party | 832 | — | 33,935 | — |
| Total net sales | 478,713 | 324,251 | 1,164,783 | 1,030,872 |
| Cost of sales: | ||||
| Products | 313,041 | 200,081 | 751,337 | 648,828 |
| Services | 32,458 | 29,087 | 90,421 | 84,501 |
| Total cost of sales | 345,499 | 229,168 | 841,758 | 733,329 |
| Gross profit | 133,214 | 95,083 | 323,025 | 297,543 |
| Operating expenses: | ||||
| Research and development | 21,984 | 20,222 | 59,653 | 59,940 |
| Selling, general and administrative | 59,404 | 59,724 | 160,485 | 179,575 |
| Impairment of goodwill | — | 5,294 | — | 11,373 |
| Other operating expense | 963 | — | 6,753 | 968 |
| Total operating expenses | 82,351 | 85,240 | 226,891 | 251,856 |
| Operating income | 50,863 | 9,843 | 96,134 | 45,687 |
| Non-operating (income) expense: | ||||
| Interest expense, net | 650 | 573 | 1,418 | 7,152 |
| Other non-operating income | (3,485) | (1,439) | (19,793) | (1,012) |
| Total non-operating (income) expense | (2,835) | (866) | (18,375) | 6,140 |
| Income before taxes | 53,698 | 10,709 | 114,509 | 39,547 |
| Income tax provision | 7,515 | 7,259 | 23,730 | 21,262 |
| Net income | 46,183 | 3,450 | 90,779 | 18,285 |
| Net income attributable to noncontrolling interest | 1,494 | 789 | 3,368 | 2,325 |
| Net income attributable to Penguin Solutions | 44,689 | 2,661 | 87,411 | 15,960 |
| Preferred stock dividends | 3,033 | 3,033 | 9,099 | 5,633 |
| Income available for distribution | 41,656 | (372) | 78,312 | 10,327 |
| Income allocated to participating securities | 4,448 | — | 8,210 | 678 |
| Net income (loss) available to common stockholders | $37,208 | $(372) | $70,102 | $9,649 |
| Earnings (loss) per common share | ||||
| Basic | $0.73 | $(0.01) | $1.35 | $0.18 |
| Diluted | $0.68 | $(0.01) | $1.29 | $0.18 |
| Common stock used in per share calculations: | ||||
| Basic | 50,998 | 53,130 | 52,051 | 53,355 |
| Diluted | 55,063 | 53,738 | 54,565 | 54,336 |
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