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Penguin Solutions PENG Optimized LED — Depreciation expense

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Other financials

Income statement

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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

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Market cap$3.4B+2.8%

Profitability

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Gross margin28.3%-0.4pp
Operating margin5%+0.8pp
Net margin4.1%+3.7pp
FCF margin8.9%+4.5pp

Returns & leverage

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

Where this comes from

Reported directly by Penguin Solutions in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Penguin Solutions’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Penguin Solutions's optimized LED — depreciation expense?
Penguin Solutions (PENG) reported optimized LED — depreciation expense of $2.1M in Q4 2025.
How has Penguin Solutions's optimized LED — depreciation expense changed year-over-year?
Penguin Solutions's optimized LED — depreciation expense decreased by 1.2% year-over-year, from $2.13M to $2.1M.
What is the long-term trend for Penguin Solutions's optimized LED — depreciation expense?
Over 2 years (2022 to 2024), Penguin Solutions's optimized LED — depreciation expense has grown at a -1.5% compound annual growth rate (CAGR), from $12.74M to $12.35M.
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.