EX-99.1 2 pengq3-26form8xkxex991.htm EX-99.1 Document Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE PENGUIN SOLUTIONS REPORTS Q3 FISCAL 2026 FINANCIAL RESULTS Delivers Record Quarterly Results and Raises Full-Year Outlook for Both Net Sales and EPS, Reflecting AI-Driven Demand Fremont, Calif. - July 7, 2026 - Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026. Third Quarter Financial Highlights • Record net sales of $479 million, up 48% versus the year-ago quarter • Record Q3 GAAP operating income of $51 million, up 417% versus the year-ago quarter • Record Q3 Non-GAAP operating income of $64 million, up 67% versus the year-ago quarter • Q3 GAAP diluted EPS of $0.68 versus $(0.01) in the year-ago quarter • Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the year-ago quarter, an increase of 79% “Penguin Solutions delivered a record quarter, exceeding expectations for both net sales and EPS. This profitable growth acceleration reinforces our confidence that our AI Factory Platform strategy is working. Integrated Memory net sales more than doubled year ove…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Penguin Solutions, Inc.
PENGNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 7, 2026, Penguin Solutions, Inc., a Delaware corporation (the “Company”), issued a press release and will hold a conference call announcing its financial results for the third quarter of fiscal 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Form 8-K”) and is incorporated herein by reference.…
Company context
Penguin Solutions is a leading provider of memory and AI infrastructure, powering the AI factories of the future for enterprises, sovereign AI initiatives, and neocloud providers. Built on decades of engineering expertise at the intersection of memory and AI/HPC infrastructure, we bring together differentiated infrastructure software, advanced memory, compute systems, end-to-end services, and industry-leading partner solutions in a full-stack AI factory platform designed to help customers deploy and scale AI workloads with speed and precision.
Current securities
Recent company filings
- 144 filingJul 23, 2026
- 144 filingJul 22, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities · Other EventsJul 17, 2026
- 10-Q filingJul 7, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsJul 1, 2026