Penguin Solutions, Inc. income statement
In fiscal 2026, Penguin Solutions, Inc. reported revenue of $1.73bn, up 26.5% on the year before, operating income of $166m (a 9.6% margin) and net income of $181m, or $2.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Aug 2015 | 2016Aug 2016 | 2017Aug 2017 | 2018Aug 2018 | 2019Aug 2019 | 2020Aug 2020 | 2021Aug 2021 | 2022Aug 2022 | 2023Aug 2023 | 2024Aug 2024 | 2025Aug 2025 | 2026Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 643 | 534 | 761 | 1,289 | 1,212 | 1,122 | 1,056 | 1,396 | 1,441 | 1,171 | 1,369 | 1,731 |
| Cost of revenue | 512 | 427 | 599 | 997 | 974 | 906 | 818 | 1,005 | 1,026 | 830 | 975 | 1,253 |
| Gross profit | 131 | 107 | 162 | 292 | 238 | 216 | 238 | 391 | 415 | 341 | 394 | 479 |
| Research and development | 44 | 38 | 38 | 40 | 48 | 52 | 60 | 77 | 91 | 82 | 80 | 82 |
| Selling, general and administrative | 89 | 57 | 67 | 85 | 103 | 123 | 158 | 205 | 261 | 234 | 238 | 220 |
| Operating income | −7 | 6 | 54 | 170 | 89 | 41 | −16 | 67 | 9 | 18 | 58 | 166 |
| Net interest income | −28 | −26 | −29 | −19 | −21 | −15 | −17 | −24 | −36 | — | — | — |
| Income before tax | −40 | −18 | 2 | 138 | 66 | 9 | −32 | 42 | −40 | −31 | 49 | 152 |
| Income tax | 7 | 2 | 10 | 18 | 15 | 11 | 10 | 18 | −49 | 11 | 20 | −34 |
| Net income | −46 | −20 | −8 | 119 | 51 | −1 | 21 | 67 | −188 | −52 | 25 | 181 |
| Diluted EPS | −$1.68 | −$0.72 | −$0.24 | $2.58 | $1.09 | −$0.02 | $0.44 | $1.22 | −$3.65 | −$1.00 | $0.28 | $2.60 |
| Diluted shares (average) | 28m | 28m | 32m | 46m | 47m | 48m | 49m | 54m | 51m | 52m | 54m | 59m |
| EBITDA | 43 | 24 | 87 | 196 | 118 | 78 | 19 | 114 | 80 | 84 | 114 | 216 |
| Quarter | 2025 Q1Nov 2024 | 2025 Q2Feb 2025 | 2025 Q3May 2025 | 2025 Q4Aug 2025 | 2026 Q1Nov 2025 | 2026 Q2Feb 2026 | 2026 Q3May 2026 | 2026 Q4Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 341 | 366 | 324 | 338 | 343 | 343 | 479 | 567 |
| Cost of revenue | 243 | 261 | 229 | 241 | 247 | 249 | 345 | 411 |
| Gross profit | 98 | 105 | 95 | 97 | 96 | 94 | 133 | 156 |
| Research and development | 20 | 20 | 20 | 20 | 19 | 19 | 22 | 22 |
| Selling, general and administrative | 61 | 59 | 60 | 59 | 53 | 48 | 59 | 60 |
| Operating income | 17 | 18 | 10 | 12 | 20 | 26 | 51 | −27 |
| Income before tax | 12 | 17 | 11 | 9 | 8 | 53 | 54 | 37 |
| Income tax | 6 | 8 | 7 | −1 | 2 | 14 | 8 | −58 |
| Net income | 5 | 8 | 3 | 9 | 5 | 37 | 45 | 93 |
| Diluted EPS | $0.10 | $0.09 | −$0.01 | $0.10 | $0.04 | $0.58 | $0.68 | $1.31 |
| EBITDA | 32 | 23 | 15 | 26 | 32 | 31 | 56 | −14 |
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