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Penguin Solutions PENG Q2 2026 earnings

Reported April 1, 2026 · After market close

Revenue$343.0MBeat by $4.0M
EPS$0.52Beat by $0.09
Revenue estimate$339.0M
EPS estimate$0.43

Next report

Oct 13, 2026 (in 2 months)
Revenue estimate$519.3M
EPS estimate$0.75

Financials

Q2 2026

Income statement

See full
Revenue$343.0M-6.2%
Gross profit$93.7M-10.5%
Operating income$25.7M+38.9%
Net income$37.5M+363%
EPS (diluted)$0.58+544%

Balance sheet

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Cash & equivalents$489.2M-21.3%
Total debt$509.6M-29.5%
Total equity$394.8M-34.5%
Total assets$1.7B-3.4%

Cash flow

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Operating cash flow$55.0M-24.6%
CapEx$1.6M-31.3%
Free cash flow$53.3M-24.4%

Valuation & ratios

Valuation

as of 02/27/26
See full
Market cap$1.09B+2.8%
Enterprise value$1.11B-4.4%
P/E19.9×—
P/S0.8×0.0×

Profitability

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Gross margin28.3%-0.4pp
Operating margin5%+0.8pp
Net margin4.1%+3.7pp

Returns & leverage

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Return on equity11%+10.1pp
Debt / equity1.3×+0.1×
Current ratio2.1×-0.5×

Segments

By segment

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Integrated Memory$171.6M+63.1%
Advanced Computing$115.7M-42.2%
Optimized LED$55.7M-7.4%

By product

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Service$64.4M+0.6%

FAQ

When did Penguin Solutions report Q2 2026 earnings?
Penguin Solutions (PENG) reported Q2 2026 earnings on April 1, 2026 after market close.
What were Penguin Solutions's Q2 2026 revenue and EPS?
Penguin Solutions reported revenue of $343.0M and eps of $0.52 for Q2 2026.
Did Penguin Solutions beat estimates in Q2 2026?
Revenue beat the consensus estimate of $339.0M by $4.0M. EPS beat the consensus estimate of $0.43 by $0.09.
How did Penguin Solutions's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.2% from $365.5M a year earlier and eps grew 0.0% from $0.52.
Where can I find Penguin Solutions's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-135770) and the 10-Q periodic report (0001616533-26-000030) directly on SEC EDGAR. The filing index links above go to sec.gov.