Penguin Solutions Q1 FY2026 rev $343M (+1%), GAAP EPS $0.04, announces $46M divestiture of Brazil memory business

Penguin Solutions, Inc.

2026-Q1 EPS reported $0.04 revenue$343,071,000

Net sales $343M (+1% YoY); GAAP diluted EPS $0.04 (vs $0.10 prior); Non-GAAP diluted EPS $0.49 (flat).
GAAP gross margin 28.0% (down 70bps); Non-GAAP gross margin 30.0% (down 80bps).
Divestiture: Selling remaining 19% stake in Zilia Technologies for $46.08M; expected close by March 30, 2026.
Segment net sales: Advanced Computing $151M (down 15%), Integrated Memory $137M (up 41%), Optimized LED $55M (down 18%).

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