Penguin Solutions Q2 sales fall 6%, but company raises full-year fiscal 2026 outlook
Penguin Solutions reported fiscal second-quarter 2026 net sales of $343 million, down 6% from a year earlier, and raised its full-year fiscal 2026 net sales and non-GAAP EPS outlook. GAAP diluted EPS rose to $0.58 from $0.09, helped by a $27.0 million gain on disposition of an equity investment, while non-GAAP diluted EPS was flat at $0.52.
Key points
- Net sales were $343.0 million versus $365.5 million a year earlier; Integrated Memory rose to $171.6 million from $105.3 million, while Advanced Computing fell to $115.7 million from $200.2 million.
- GAAP diluted EPS was $0.58 versus $0.09; non-GAAP diluted EPS was $0.52, the same as the year-ago quarter.
- Fiscal 2026 net sales growth outlook was raised to 12% year over year (±5%) from 6% (±10%); non-GAAP EPS outlook was raised to $2.15 (±$0.15) from $2.00 (±$0.25).
- GAAP gross margin fell 130 basis points to 27.3%, while non-GAAP gross margin rose 40 basis points to 31.2%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 April 01, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.