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Penguin Solutions PENG Optimized LED — 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 optimized LED — depreciation expense?
Penguin Solutions (PENG) reported optimized LED — depreciation expense of $2.08M in Q1 2026.
How has Penguin Solutions's optimized LED — depreciation expense changed year-over-year?
Penguin Solutions's optimized LED — depreciation expense decreased by 1.3% year-over-year, from $2.11M to $2.08M.
What is the long-term trend for Penguin Solutions's optimized LED — depreciation expense?
Over 3 years (2022 to 2025), Penguin Solutions's optimized LED — depreciation expense has grown at a -12.3% compound annual growth rate (CAGR), from $12.74M to $8.58M.
What does optimized LED — depreciation expense mean?
Reflects the systematic allocation of the cost of tangible assets, such as manufacturing machinery and equipment, used in the LED segment over their useful lives. This non-cash expense provides insight into the capital intensity of the segment and the ongoing investment in production infrastructure. It is essential for understanding the relationship between capital expenditure and operational cash flow.

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