The financials
Penguin Solutions, Inc. by the numbers
Penguin Solutions, Inc. (PENG) reported revenue of $479M in Q3 2026 (quarter ended May 29, 2026), up 48% from the same quarter a year earlier. That came with a gross margin of 28% and net income of $45M (9.3% of revenue). For the full year FY2025, revenue was $1.37B (+17% year on year) and net income $25M. Its largest segment in 2026-Q2 was Integrated Memory at $275M, 57% of the disclosed total, just ahead of Advanced Computing at 29%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $479M | $324M | +48% |
| Gross profit | $133M | $95M | +40% |
| Operating income | $51M | $9.8M | +417% |
| Net income | $45M | $2.7M | +1579% |
| Diluted EPS | $0.68 | −$0.01 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Integrated Memory | $275M | 57% |
| Advanced Computing | $138M | 29% |
| Optimized LED | $66M | 14% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $478.7M (+40%)
Integrated Memory grew +111% year on yearAdvanced Computing +3.8% year on year
Segment Latestquarter on quarteryear on year
- Integrated Memory$275.1M$275.1MQoQ +60%year on year +111%+60%+111%
- Advanced Computing$137.6M$137.6MQoQ +19%year on year +3.8%+19%+3.8%
- Optimized LED$66.1M$66.1MQoQ +19%year on year +7.2%+19%+7.2%
Information Technology Services
Ranks #26 of 37 by Smart Score