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Penguin Solutions PENG Service — Total cost of sales

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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
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:
Research and development21,98420,22259,65359,940

Item 1. Financial Statements

FAQ

What is Penguin Solutions's service — total cost of sales?
Penguin Solutions (PENG) reported service — total cost of sales of $32.46M in Q1 2026.
How has Penguin Solutions's service — total cost of sales changed year-over-year?
Penguin Solutions's service — total cost of sales increased by 11.6% year-over-year, from $29.09M to $32.46M.
What is the long-term trend for Penguin Solutions's service — total cost of sales?
Over 4 years (2021 to 2025), Penguin Solutions's service — total cost of sales has grown at a 25.2% compound annual growth rate (CAGR), from $45.32M to $111.38M.
What does service — total cost of sales mean?
This metric captures the direct costs incurred to deliver services within a specific business segment, including labor, materials, and overhead directly attributable to service fulfillment. It is a critical indicator of operational efficiency and service delivery scalability. Monitoring this cost allows stakeholders to evaluate the gross margin performance of the service segment and identify potential pressures on profitability.

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