Penguin Solutions delivered record Q3 net sales of $479 million (up 48% year-over-year) and GAAP operating income of $51 million (up 417%), with non-GAAP EPS rising 79% to $0.84. The company raised its fiscal 2026 outlook to 22% sales growth and non-GAAP EPS of $2.60.
Penguin Solutions posted record net sales of $479 million, up 48% year-over-year, and GAAP operating income of $51 million, up 417%. Non-GAAP operating income rose 67% to $64 million, while non-GAAP EPS jumped 79% to $0.84 from $0.47.
The company now expects full-year net sales growth of 22% ±2%, GAAP EPS of $1.97 ±$0.05, and non-GAAP EPS of $2.60 ±$0.05, all above previous guidance ranges.
Penguin added 16 new integrated memory customer logos over the past four quarters and four AI Infrastructure logos in Q3, with several clients expanding their engagements. It secured Dell Technologies Americas AI Partner of the Year, became an NVIDIA AI Factory Specialized Partner, and launched the AI Factory Operations Agent in its ClusterWareAI software.
