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Other financials

Income statement

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Revenue$478.7M+47.6%
Gross profit$133.2M+40.1%
Operating income$50.9M+417%
Net income$44.7M+1,579%
EPS (diluted)$0.68+6,900%

Balance sheet

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Cash & equivalents$440.3M-38.0%
Total debt$508.7M-30.2%
Total equity$439.1M-24.9%
Total assets$2.2B+21.5%

Cash flow

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Operating cash flow$55.0M-24.6%
CapEx$2.8M+48.3%
Free cash flow$53.3M-24.4%

Valuation

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Market cap$2.83B+131%
Enterprise value$2.9B+116%
P/E29.2×
P/S1.9×+1.0×

Profitability

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Gross margin27.9%-0.7pp
Operating margin7.2%+3.2pp
Net margin6.5%+6.0pp
FCF margin8.9%+4.5pp

Returns & leverage

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Return on equity18.9%+17.5pp
Debt / equity0.6×-0.6×
Current ratio1.5×-1.1×

Where this comes from

Reported directly by Penguin Solutions in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The source filing: Penguin Solutions’s 10-Q, filed July 7, 2026.

Filed
Jul 7, 2026, 4:35 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001616533-26-000043
Line itemThree Months Ended / May 29,2026Three Months Ended / May 30,2025Nine Months Ended / May 29,2026Nine Months Ended / May 30,2025
Total non-operating (income) expense(2,835)(866)(18,375)6,140
Income before taxes53,69810,709114,50939,547
Income tax provision7,5157,25923,73021,262
Net income46,1833,45090,77918,285
Net income attributable to noncontrolling interest1,4947893,3682,325
Net income attributable to Penguin Solutions44,6892,66187,41115,960
Preferred stock dividends3,0333,0339,0995,633
Income available for distribution41,656(372)78,31210,327

Item 1. Financial Statements

FAQ

What is Penguin Solutions's net income?
Penguin Solutions (PENG) reported net income of $46.18M in Q1 2026.
How has Penguin Solutions's net income changed year-over-year?
Penguin Solutions's net income increased by 1238.6% year-over-year, from $3.45M to $46.18M.
What is the long-term trend for Penguin Solutions's net income?
Over 4 years (2021 to 2025), Penguin Solutions's net income has grown at a 6.4% compound annual growth rate (CAGR), from $22.51M to $28.84M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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