Penguin Solutions Q3 sales rise 7.9% to $324 million; raises FY2025 EPS outlook midpoint
Penguin Solutions reported third-quarter fiscal 2025 net sales of $324 million, up 7.9% from a year earlier, while GAAP diluted EPS swung to a loss of $(0.01) from $0.10. The company raised the midpoint of its full-year fiscal 2025 GAAP and non-GAAP diluted EPS outlook, but the GAAP result and lower gross margins show the quarter's profit was weaker than its sales growth.
- Net sales $324 million, up 7.9% year over year; GAAP gross margin 29.3%, down 30 basis points
- GAAP diluted EPS $(0.01) vs. $0.10 a year earlier; non-GAAP diluted EPS $0.47 vs. $0.37
- Fiscal 2025 non-GAAP diluted EPS outlook midpoint raised to $1.80 from $1.60; GAAP midpoint raised to $0.04 from $(0.02)
- Redomiciliation to Delaware completed June 30, 2025, making Penguin Solutions, Inc. (Delaware) the public parent