Penguin Solutions Announces Fourth-Quarter and Full-Year Fiscal 2026 Results
Business Wire•06/10/2026•16:05 ET
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Key Highlights
- ➤Q4 net sales $567 million, up 68% year over year
- ➤Fiscal 2027 net sales outlook raised to approximately $2.43 billion midpoint
- ➤Fiscal 2027 non-GAAP diluted EPS expected at $4.45, up approximately 55%
- ➤Fiscal 2026 net income $181 million, up 611% year over year
- ➤Closed oversubscribed $750 million convertible notes offering due 2031 at 0% coupon
Expert Statements
Kash Shaikh, President and CEO of Penguin Solutions
“Our company performance accelerated significantly in the second half of fiscal 2026 following the launch of our AI Factory Platform and increased focus on the data center market.”
Kash Shaikh, President and CEO of Penguin Solutions
“We prioritized and aligned our AI Infrastructure and Memory businesses with strong AI-driven data center demand, increased investment in product innovation, and sharpened go-to-market execution with a focus on making neocloud and enterprise customers successful,”
Kash Shaikh, President and CEO of Penguin Solutions
“The proof is in the results. After relatively flat year-over-year net sales in the first half, growth accelerated to 48% in Q3 and 68% in Q4, driving second-half growth of 58%.”
Kash Shaikh, President and CEO of Penguin Solutions
“As we enter fiscal 2027, our memory business remains strong, and our AI Infrastructure business is accelerating further.”
Kash Shaikh, President and CEO of Penguin Solutions
“Based on this continued momentum, particularly the strength in AI Infrastructure, we are increasing our fiscal 2027 expectations for both net sales and non-GAAP diluted EPS beyond the preliminary growth view shared during the third-quarter earnings call, as we continue to drive strong operating leverage across the business.”
Penguin Solutions Announces Fourth-Quarter and Full-Year Fiscal 2026 Results
Record Results Across Key Financial Metrics Reflecting AI-Driven Data Center Demand; Raising Fiscal 2027 Outlook Supported by Accelerating AI Infrastructure Business
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