Penguin Solutions, Inc.

For the period ended Aug 28, 2026. Filed Oct 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Oct 20, 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 exhibits

Contents

Consolidated Statements of Operations

(In thousands, except per share amounts)

Year ended	August 28,2026	August 29,2025	August 30,2024
Net sales:
Products (including net sales of $32,174, $31,819, and $— from related party for the years ended August 28, 2026, August 29, 2025 and August 30, 2024, respectively)	$1,480,932	$1,104,557	$925,827
Services (including net sales of $2,650, $531, and $— from related party for the years-ended August 28, 2026, August 29, 2025, and August 30, 2024, respectively)	250,536	264,237	244,969
Total net sales	1,731,468	1,368,794	1,170,796
Cost of sales:
Products	1,136,695	863,136	722,634
Services	115,848	111,384	107,386
Total cost of sales	1,252,543	974,520	830,020
Gross profit	478,925	394,274	340,776
Operating expenses:
Research and development	81,677	79,801	81,537
Selling, general and administrative	220,412	238,177	233,880
Impairment of goodwill	—	16,063	—
Other operating expense	11,240	2,098	7,064
Total operating expenses	313,329	336,139	322,481
Operating income	165,596	58,135	18,295
Non-operating (income) expense:
Interest expense, net	438	7,305	28,378
Other non-operating (income) expense	13,235	1,929	21,084
Total non-operating (income) expense	13,673	9,234	49,462
Income (loss) before taxes	151,923	48,901	(31,167)
Income tax (benefit) provision	(33,865)	20,066	10,618
Net income (loss) from continuing operations	185,788	28,835	(41,785)
Net loss from discontinued operations	—	—	(8,148)
Net income (loss)	185,788	28,835	(49,933)
Net income attributable to noncontrolling interest	5,173	3,444	2,539
Net income (loss) attributable to Penguin Solutions	$180,615	$25,391	$(52,472)
Preferred stock dividends	12,133	8,667	—
Income available for distribution	168,482	16,724	(52,472)
Income allocated to participating securities	17,394	1,263	—
Net income available to common stockholders	$151,088	$15,461	$(52,472)
Basic earnings (loss) per share of common stock:
Continuing operations	$2.85	$0.29	$(0.85)
Discontinued operations	—	—	(0.15)
	$2.85	$0.29	$(1.00)
Diluted earnings (loss) per share of common stock:
Continuing operations	$2.60	$0.28	$(0.85)
Discontinued operations	—	—	(0.15)
	$2.60	$0.28	$(1.00)
Common stock used in per share calculations:
Basic	52,952	53,154	52,428
Diluted	58,825	54,368	52,428

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.