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Get filing alertsPenguin 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
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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 → -
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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 → -
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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 → -
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Named Dell Technologies Global Alliances Americas AI Partner of the Year and became NVIDIA AI Factory Specialized Partner, validating expertise in full-stack AI infrastructure solutions.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Expanded ClusterWareAI operating system with AI Factory Operations Agent, the first in a planned family of agentic AI-powered agents for automating AI cluster operations with natural language queries.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
Penguin Solutions delivered a blowout third quarter for fiscal 2026, with revenue jumping 48% year-over-year to a record $479 million and non-GAAP diluted EPS surging 79% to $0.84. The company's Integrated Memory business more than doubled its sales, while AI Infrastructure also posted strong gains, both benefiting from surging enterprise demand for AI infrastructure.
Management raised full-year guidance substantially, now expecting 22% revenue growth (up from 12% previously) and non-GAAP EPS of $2.60 (up from $2.15), citing "very strong agentic AI-driven customer demand." The quarter also brought strategic wins that strengthen Penguin's competitive position.
Dell Technologies named the company its Global Alliances Americas AI Partner of the Year, and NVIDIA designated Penguin as an AI Factory Specialized Partner. The company added 29 new customers across both segments over the trailing four quarters, with 12 already expanding their business—evidence of successful execution on its land-and-expand strategy. Product innovation continued with the launch of an AI-powered operations agent for its ClusterWareAI platform, the first in a planned family of tools designed to automate AI cluster management. For retail holders, the combination of accelerating growth, raised guidance, and deepening partnerships with Dell and NVIDIA signals Penguin is capturing meaningful share in the AI infrastructure buildout.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Penguin Solutions announced Q3 fiscal 2026 financial results via press release and conference call on July 7, 2026.
Added in current filing · verify on EDGAR →
On July 7, 2026, Penguin Solutions, Inc., a Delaware corporation (the “Company”), issued a press release and will hold a conference call announcing its financial results for the third quarter of fiscal 2026.
The company disclosed its third quarter fiscal 2026 financial results through a press release and conference call on July 7, 2026. The actual financial figures are contained in the attached press release (Exhibit 99.1), which is not included in this 8-K body text.
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The Company refers to non-GAAP financial information in both the press release and on the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
The company uses non-GAAP financial measures in its earnings materials and provides reconciliations to GAAP measures in the press release. This is standard practice for earnings announcements, allowing investors to see both GAAP and adjusted metrics.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Recognized as Dell Technologies Global Alliances Americas AI Partner of the Year, highlighting Penguin’s role in delivering full-stack AI Factory Platforms that combine infrastructure software, advanced memory technologies, compute systems, and services. •Became an NVIDIA AI Factory Specialized Partner, recognizing Penguin’s expertise in designing, building, deploying, and managing full-stack AI factory infrastructure for enterprise, sovereign AI, and neocloud environments.
The company received two significant partner recognitions during the quarter: Dell Technologies named Penguin its Global Alliances Americas AI Partner of the Year, and NVIDIA designated Penguin as an AI Factory Specialized Partner. These recognitions validate Penguin's expertise in delivering full-stack AI infrastructure solutions and strengthen its competitive positioning in the AI infrastructure market.
Added in current filing · view on EDGAR →
Expanded ClusterWareAI operating system software for AI factories with AI-powered operations. The new AI Factory Operations Agent provides administrators with a conversational interface using natural language queries. This agent is the first in a planned family of agentic AI-powered agents designed to automate AI cluster operations with a human-in-the-loop approach.
Penguin Solutions announced enhancements to its ClusterWareAI operating system, introducing an AI Factory Operations Agent that enables administrators to manage AI infrastructure using natural language queries. This is the first in a planned series of agentic AI-powered agents designed to automate AI cluster operations, demonstrating the company's continued investment in software capabilities that differentiate its AI infrastructure platform.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify