---
schema_version: "secwatch.filing_event.v1"
accession: "0001616533-26-000028"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:58:44.995218+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Penguin Solutions Q2 FY2026: net sales $343M, GAAP EPS $0.58; raises FY outlook

## Summary
- 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).

## SEC filing metadata
- accession: 0001616533-26-000028
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000161653326000028/0001616533-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000161653326000028/peng-20260401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616533-26-000028
- JSON: https://secwatch.observer/filing/0001616533-26-000028.json
- Plain text: https://secwatch.observer/filing/0001616533-26-000028.txt

## Key facts
- Earnings Releases
  Penguin Solutions, Inc. reported second quarter of fiscal 2026 results: revenue $343 million, EPS $0.58. Guidance raised.
  - Period: second quarter of fiscal 2026
  - Revenue: $343 million
  - EPS: $0.58
  - Guidance: raised
  - Result: reported results
  source text: “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026. Second Quarter Fiscal 2026 Highlights • Net sales of $343 million, down 6% versus the year-ago quarter • GAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarter • Non-GAAP gross margin of 31.2%, up 40 basis points versus
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000161653326000028/0001616533-26-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.