Penguin Solutions Inc. net sales rise 16.9% in 2025 as net income turns positive
Penguin Solutions Inc. reported net sales of $1.37 billion for the fiscal year ended August 29, 2025, representing an increase of $198.0 million, or 16.9%, compared to the previous year. Advanced Computing net sales rose by $93.9 million, or 16.9%, while Integrated Memory net sales grew by $107.8 million, or 30.3%, over the same period. Net income attributable to Penguin Solutions was $25.4 million, compared to a net loss of $52.5 million in the prior year and a net loss of $187.5 million two years ago. Net income attributable to noncontrolling interest totaled $3.44 million, up from $2.54 million in the previous year and $1.83 million two years ago. Gross margin decreased to 28.8% in 2025 from 29.1% in 2024 and 28.8% in 2023.
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