Form 8-K · Current Report · Filed 2026-04-01
Penguin Solutions Reports Q2 Fiscal 2026 Earnings Beat and Raises Full-Year Outlook
Penguin Solutions, Inc. reported a 6% decrease in net sales for Q2 Fiscal 2026, with net sales of $343 million. Despite this, the company achieved a GAAP gross margin of 27.3% and a GAAP diluted EPS of $0.58, beating the year-ago quarter's EPS of $0.09. The company also raised its full-year net sales and EPS outlook, reflecting strong memory demand and disciplined execution. Non-GAAP gross margin improved to 31.2% from 30.0% in the year-ago quarter. Penguin Solutions added five AI/HPC customers this quarter, including a Tier One financial institution deploying their MemoryAI CXL-based KV cache server.
- Filer
- Penguin Solutions Inc. PENG · NASDAQ
- Filed
- Accession
- 0001616533-26-000028
- CIK
- 0001616533
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$17.60
Next session
+17.6%
Since filing
+199.0%
Latest close
$52.63
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PENG reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, PENG insiders reported 7 Form 4 transactions — net selling of $1.9M.
About Penguin Solutions Inc.
Penguin Solutions Inc. is a cutting-edge technology company that focuses on providing innovative engineering services and software solutions. Headquartered in the United States, Penguin Solutions specializes in high-performance computing, cloud enablement, and electronic design automation. The primary function of the company is to support businesses in enhancing their technological capabilities by offering tailored solutions that streamline operations and improve efficiency. Penguin Solutions is integral to sectors such as telecommunications, aerospace, and automotive industries, where precision and high-efficiency computing are critical. The company is a notable player in the financial market due to its role in pioneering advancements in software and hardware integration, making it a valuable partner for enterprises looking to keep pace with rapid technological changes. Through its diverse portfolio, Penguin Solutions fosters significant improvements in productivity, contributing substantially to technological innovation and implementation across various industries.
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