Penguin Solutions, Inc. SEC 10-Q Report

Penguin Solutions, Inc., a leading provider of advanced computing, integrated memory, and optimized LED solutions, has released its latest Form 10-Q report, showcasing significant improvements in both financial and operational performance. The report highlights the company's robust growth across all segments, driven by increased demand for its innovative products and solutions.

Financial Highlights

Total Net Sales: $1,030.872 million, reflecting a significant increase from $859.648 million in the prior year period, driven by growth across all segments.

Gross Profit: $297.543 million, up from $253.690 million, indicating improved cost management and sales performance.

Operating Income: $45.687 million, a substantial increase from $9.504 million, highlighting effective cost control and operational efficiency.

Net Income: $18.285 million, compared to a net loss of $26.141 million in the previous year, demonstrating a strong turnaround in profitability.

Net Income (Loss) Available to Ordinary Shareholders: $9.649 million, compared to a loss of $27.925 million, reflecting improved financial health.

Basic Earnings (Loss) Per Ordinary Share: $0.18, compared to a loss of $0.53, showing a positive shift in shareholder value.

Diluted Earnings (Loss) Per Ordinary Share: $0.18, compared to a loss of $0.53, indicating enhanced earnings performance.

Business Highlights

Revenue Segments: The Advanced Computing segment generated $132.5 million in net sales for the quarter, driven by demand in artificial intelligence and high-performance computing solutions. The Integrated Memory segment reported $130.1 million in net sales, benefiting from strong demand in networking and communications. The Optimized LED segment achieved $61.6 million in net sales, focusing on application-optimized LED products.

Future Outlook: Management anticipates continued growth in the Advanced Computing segment, driven by increasing demand for AI and machine learning solutions. The Integrated Memory segment is expected to benefit from ongoing demand in enterprise storage and computing markets. The company is also focusing on optimizing its LED product portfolio to enhance market competitiveness.

SEC Filing: Penguin Solutions, Inc. [ SGH ] - 10-Q - Jul. 08, 2025