Penguin Solutions reported financial results for the first quarter of fiscal 2026. Net sales for the period were USD 343 million, representing a 1% increase. GAAP gross margin was 28.0%, reflecting a decrease of 0.7 percentage points. Gross profit was USD 96.1 million. Operating income amounted to USD 19.6 million. Net income attributable to shareholders was USD 5.3 million. Diluted earnings per share stood at USD 0.04. For the full fiscal year 2026, Penguin Solutions provided an updated outlook, projecting net sales growth of 6% with a gross margin of 27% plus or minus 1 percentage point. Operating expenses are expected to be approximately USD 307 million plus or minus USD 10 million. The company anticipates diluted earnings per share of USD 0.85 plus or minus USD 0.25, based on 55 million diluted shares.

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