Penguin Solutions reports record Q3 revenue up 48%, raises full-year guidance on AI demand

Filed July 7, 2026 · Period ending July 7, 2026 · ~1 min read

Key Changes

• high

  Q3 net sales hit record $479M (up 48% YoY), GAAP operating income $51M (up 417%), and non-GAAP diluted EPS $0.84 (up 79% from $0.47), driven by AI-driven demand across Integrated Memory and AI Infrastructure segments.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Raised full-year FY2026 guidance: net sales growth now 22% (±2%) vs. prior 12% (±5%), GAAP EPS $1.97 (±$0.05) vs. prior $1.30 (±$0.15), and non-GAAP EPS $2.60 (±$0.05) vs. prior $2.15 (±$0.15), citing very strong agentic AI-driven customer demand.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• medium

  Added 16 new Integrated Memory customers and 13 new AI Infrastructure customers over trailing four quarters, with five and seven respectively expanding their business, demonstrating successful land-and-expand execution.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →