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Penguin Solutions PENG Product — Total cost of sales

Other product segments

Service
$32.46M+11.6%

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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$2.88B+140%
Enterprise value$2.95B+125%
P/E29.8×
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:CostOfGoodsAndServicesSold.

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
Related party83233,935
Total net sales478,713324,2511,164,7831,030,872
Cost of sales:
Products313,041200,081751,337648,828
Services32,45829,08790,42184,501
Total cost of sales345,499229,168841,758733,329
Gross profit133,21495,083323,025297,543
Operating expenses:

Item 1. Financial Statements

FAQ

What is Penguin Solutions's product — total cost of sales?
Penguin Solutions (PENG) reported product — total cost of sales of $313.04M in Q1 2026.
How has Penguin Solutions's product — total cost of sales changed year-over-year?
Penguin Solutions's product — total cost of sales increased by 56.5% year-over-year, from $200.08M to $313.04M.
What is the long-term trend for Penguin Solutions's product — total cost of sales?
Over 4 years (2021 to 2025), Penguin Solutions's product — total cost of sales has grown at a 2.8% compound annual growth rate (CAGR), from $772.23M to $863.14M.
What does product — total cost of sales mean?
This metric captures the direct costs associated with the production and delivery of the company's electronic products, including raw materials, direct labor, and manufacturing overhead. It is a critical measure for evaluating the direct profitability of the product segment and the efficiency of the supply chain. Monitoring this cost base helps stakeholders understand the impact of input price volatility and manufacturing productivity on overall gross margins.

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