Penguin Solutions, Inc. (PENG) Income Statement
PENG FY2026 at a glance
Fiscal year ended August 31, 2026 · U.S. dollarsPENG revenue and net income
Where PENG's revenue goes
FY2026Each bar shows an amount and its share of revenue. PENG kept 10.4% of revenue as net income.
PENG profit margins
PENG growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.5% | +6.3% | +10.4% | +12.5% |
| Gross profit | +21.5% | +4.9% | +15.0% | +16.2% |
| Operating income | +123.2% | +166.5% | — | +38.9% |
| Net income | +737.1% | — | +53.3% | — |
| EPS (diluted) | +37.7% | +0.9% | +0.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PENG quarterly EPS vs estimates
Penguin Solutions beat the analyst EPS estimate in 8 of the last 8 quarters.
PENG income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.37B | $1.17B | $1.44B | $1.40B | $1.06B | $1.12B | $1.21B | $1.29B | $761.3M |
| Cost of revenue | $1.25B | $974.5M | $827.9M | $1.03B | $1.00B | $817.6M | $906.0M | $974.5M | $997.2M | $599.0M |
| Gross profit | $478.9M | $394.3M | $342.9M | $415.2M | $391.0M | $238.0M | $216.4M | $237.5M | $291.6M | $162.2M |
| Research & development | $81.7M | $79.8M | $81.5M | $90.6M | $77.5M | $59.9M | $52.1M | $47.9M | $39.8M | $38.2M |
| Sales, general & admin | — | $238.2M | $233.9M | $260.7M | $204.8M | $158.2M | $123.0M | $103.2M | $84.5M | $69.8M |
| Total operating expenses | $313.3M | $320.1M | $324.6M | $406.4M | $323.9M | $253.7M | $175.1M | $148.4M | $121.4M | $108.4M |
| Operating income | $165.6M | $74.2M | $18.3M | $8.7M | $67.2M | −$15.7M | $41.3M | $89.1M | $170.2M | $53.9M |
| Interest expense | $438,000 | $7.3M | $28.4M | $36.4M | $24.3M | $17.1M | $15.0M | $20.7M | $19.1M | $29.2M |
| Income before taxes | $151.9M | $48.9M | −$31.2M | −$39.5M | $42.5M | −$32.3M | $9.4M | $66.2M | $137.8M | $2.1M |
| Income taxes | −$33.9M | $20.1M | $10.6M | −$49.2M | $18.1M | $9.7M | $10.5M | $14.9M | $18.3M | $9.9M |
| Net income | $180.6M | $21.6M | −$52.5M | −$187.5M | $66.6M | $21.3M | −$1.1M | $51.3M | $119.5M | −$7.8M |
| EBITDA | $152.4M | $112.4M | $62.9M | $68.5M | $113.5M | $19.8M | $60.8M | $116.1M | $183.1M | $64.6M |
| EPS (diluted) | $2.63 | $1.91 | $1.25 | $2.56 | $3.62 | $2.61 | $1.30 | $1.69 | $3.18 | $0.71 |
| Gross margin | 27.7% | 28.8% | 29.3% | 28.8% | 28.0% | 22.5% | 19.3% | 19.6% | 22.6% | 21.3% |
| Operating margin | 9.6% | 5.4% | 1.6% | 0.6% | 4.8% | −1.5% | 3.7% | 7.3% | 13.2% | 7.1% |
| Net margin | 10.4% | 1.6% | −4.5% | −13.0% | 4.8% | 2.0% | −0.1% | 4.2% | 9.3% | −1.0% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $566.7M | $478.7M | $343.0M | $343.1M | $337.9M | $324.3M | $365.5M | $341.1M | $311.1M | $300.6M | $284.8M | $274.2M |
| Cost of revenue | $410.8M | $345.5M | $249.3M | $247.4M | $241.2M | $229.2M | $260.8M | $243.3M | $224.1M | $211.7M | $202.9M | $191.4M |
| Gross profit | $155.9M | $133.2M | $93.7M | $95.6M | $96.7M | $95.1M | $104.7M | $97.8M | $87.1M | $88.9M | $81.9M | $82.8M |
| Research & development | $22.0M | $22.0M | $19.0M | $18.7M | $19.9M | $20.2M | $19.9M | $19.8M | $19.9M | $19.7M | $20.5M | $21.4M |
| Sales, general & admin | $59.9M | $59.4M | $48.0M | $53.1M | $58.6M | $59.7M | $59.3M | $60.5M | $58.0M | $57.2M | $61.4M | $57.2M |
| Total operating expenses | $86.4M | $82.4M | $68.0M | $71.8M | $84.3M | $85.2M | $86.2M | $80.5M | $78.3M | $77.4M | $85.2M | $81.5M |
| Operating income | $69.5M | $50.9M | $25.7M | $23.8M | $12.4M | $9.8M | $18.5M | $17.4M | $8.8M | $11.5M | −$3.3M | $1.3M |
| Interest expense | — | $650,000 | $721,000 | $47,000 | $153,000 | $573,000 | $2.2M | $4.4M | $5.4M | $6.2M | $7.2M | $9.6M |
| Income before taxes | $37.4M | $53.7M | $53.0M | $7.9M | $9.4M | $10.7M | $16.5M | $12.3M | −$17.6M | $4.9M | −$10.8M | −$7.7M |
| Income taxes | −$57.6M | $7.5M | $14.4M | $1.8M | −$1.2M | $7.3M | $7.6M | $6.4M | $6.2M | −$1.3M | $2.2M | $3.5M |
| Net income | $93.2M | $44.7M | $37.5M | $5.0M | $9.4M | $2.7M | $8.1M | $5.2M | −$24.5M | $5.6M | −$13.6M | −$19.9M |
| EBITDA | $49.7M | $66.7M | $66.4M | $20.7M | $10.5M | $25.3M | $32.7M | $31.7M | $3.2M | $26.6M | $13.6M | $19.5M |
| EPS (diluted) | $0.91 | $0.71 | $0.52 | $0.49 | $0.43 | $0.47 | $0.52 | $0.49 | $0.37 | $0.37 | $0.27 | $0.24 |
| Gross margin | 27.5% | 27.8% | 27.3% | 27.9% | 28.6% | 29.3% | 28.7% | 28.7% | 28.0% | 29.6% | 28.8% | 30.2% |
| Operating margin | 12.3% | 10.6% | 7.5% | 6.9% | 3.7% | 3.0% | 5.1% | 5.1% | 2.8% | 3.8% | −1.2% | 0.5% |
| Net margin | 16.4% | 9.3% | 10.9% | 1.5% | 2.8% | 0.8% | 2.2% | 1.5% | −7.9% | 1.9% | −4.8% | −7.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PENG's financial statements (latest annual report filed October 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PENG financial results
In fiscal year 2026 (ended August 31, 2026), Penguin Solutions reported revenue of $1.7 billion, up 26.5% from the year before. It had net income of $180.6 million (up 737.1%), a net profit margin of 10.4%. Diluted earnings per share came to $2.63. Over five years revenue grew at an average rate of 10.4% a year.
See the PENG stock overview for the latest quote and news, or the PENG chart for price history and technical indicators.
PENG income statement FAQ
What is Penguin Solutions's annual revenue?
Penguin Solutions reported total revenue of $1.7 billion for fiscal year 2026, which ended on August 31, 2026. That was up 26.5% from $1.4 billion the previous year.
Is Penguin Solutions profitable?
Yes. Penguin Solutions reported net income of $180.6 million in fiscal 2026, a net profit margin of 10.4%; its operating margin was 9.6%.
What is Penguin Solutions's gross margin?
Penguin Solutions's gross margin was 27.7% in fiscal 2026: for every $100 of revenue, Penguin Solutions kept $28 after the direct cost of its products and services.
How much does Penguin Solutions spend on research and development?
Penguin Solutions spent $81.7 million on research and development in fiscal 2026, 4.7% of revenue.
How fast is Penguin Solutions growing?
Revenue grew 10.4% a year on average over the last five fiscal years, from $1.1 billion to $1.7 billion.
What are Penguin Solutions's earnings per share?
Penguin Solutions earned $2.63 per diluted share in fiscal 2026, compared with $1.91 a year earlier.
When does Penguin Solutions's fiscal year end?
Penguin Solutions's fiscal year ends in August. The latest annual report covers the year ended August 31, 2026 and was filed on October 6, 2026.