Penguin Solutions Q1 sales rise 1% to $343 million; GAAP EPS falls to $0.04
Penguin Solutions reported first-quarter fiscal 2026 net sales of $343 million, up 1% from a year earlier, while GAAP diluted EPS fell to $0.04 from $0.10 and non-GAAP diluted EPS was flat at $0.49. The company also agreed to sell its remaining 19% interest in Zilia Technologies for $46.08 million, and it left its non-GAAP fiscal 2026 EPS outlook at $2.00 while lowering the GAAP EPS midpoint to $0.85 from $0.89.
Key points
- Net sales were $343 million, up 1% from $341 million a year earlier; GAAP gross margin was 28.0%, down 70 basis points
- GAAP diluted EPS was $0.04 versus $0.10 a year earlier; non-GAAP diluted EPS was $0.49, the same as a year earlier
- Fiscal 2026 non-GAAP diluted EPS outlook held at $2.00 +/- $0.25; GAAP diluted EPS outlook lowered to $0.85 +/- $0.25 from $0.89
- Agreement to sell remaining 19% interest in Zilia Technologies for $46.08 million, with closing expected on or about March 30, 2026 and no later than April 28, 2026
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.