earnings
confidence high
sentiment positive
materiality 0.75
Penguin Solutions Q2 FY2026: net sales $343M, GAAP EPS $0.58; raises FY outlook
Penguin Solutions, Inc.
2026-Q2 EPS reported
$0.61
revenue$686,070,000
- Net sales $343M (-6% YoY); GAAP diluted EPS $0.58 vs $0.09; non-GAAP EPS $0.52 (unchanged).
- Integrated Memory segment net sales $171.6M (+63% YoY); Advanced Computing $115.7M (-42% YoY).
- Added five AI/HPC customers including a Tier One financial institution deploying MemoryAI CXL server.
- Raised full-year net sales and EPS guidance; CEO cites strong memory demand and AI factory buildouts.
- Non-GAAP gross margin 31.2% (+40 bps YoY); GAAP gross margin 27.3% (-130 bps YoY).
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