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Penguin Solutions PENG Integrated Memory — Depreciation expense

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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$2.99B+131%
Enterprise value$3.06B+116%
P/E30.9×
P/S+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:Depreciation.

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
Advanced Computing$1,847$2,029$6,007$6,065
Integrated Memory9269112,7072,782
Optimized LED2,0792,1076,2536,551
$4,852$5,047$14,967$15,398

Item 1. Financial Statements

FAQ

What is Penguin Solutions's integrated memory — depreciation expense?
Penguin Solutions (PENG) reported integrated memory — depreciation expense of $926K in Q1 2026.
How has Penguin Solutions's integrated memory — depreciation expense changed year-over-year?
Penguin Solutions's integrated memory — depreciation expense increased by 1.6% year-over-year, from $911K to $926K.
What is the long-term trend for Penguin Solutions's integrated memory — depreciation expense?
Over 3 years (2022 to 2025), Penguin Solutions's integrated memory — depreciation expense has grown at a -9.5% compound annual growth rate (CAGR), from $5.47M to $4.05M.
What does integrated memory — depreciation expense mean?
The systematic allocation of the cost of tangible assets, such as manufacturing equipment and facilities, used by the Integrated Memory segment over their estimated useful lives. This non-cash expense reflects the wear and tear of capital investments required to maintain production capacity. Analyzing this metric helps investors understand the capital intensity and reinvestment needs of the segment.

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