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01.04.26 - 22:09
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Penguin Solutions Reports Q2 Fiscal 2026 Financial Results (Business Wire)
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Raises Full Year Net Sales and EPS OutlookFREMONT, Calif.--(BUSINESS WIRE)--$PENG #AI--Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026.
Second Quarter Fiscal 2026 Highlights
Net sales of $343 million, down 6% versus the year-ago quarter
GAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarter
Non-GAAP gross margin of 31.2%, up 40 basis points versus the year-ago quarter
GAAP diluted EPS of $0.58 versus $0.09 in the year-ago quarter
Non-GAAP diluted EPS of $0.52 for the current and year-ago quarters
“Enterprises, governments, and neocloud providers are racing to build AI factories, as platforms scale to power the next generation of inference workloads,” said Kash Shaikh, CEO of Penguin Solutions. “Our AI/HPC pipeline continues to expand, and we added five AI/HPC customers this quarter, including a Tier One financial institution deploying our MemoryAI??...
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12.03.26 - 21:06
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Penguin Solutions Announces Second Quarter Fiscal 2026 Conference Call (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--$PENG #AI--Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), the AI factory platform company, today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2026 earnings after market close on Wednesday, April 1, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.
The conference call can be accessed by registering online at PENG Q2 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID.
The live webcast will be accessible from the Penguin Solutions' investor relations website on the Events page, along with the related earnings press release and slide presentation.
The webcast replay will be made available on the Quarterly Results page after the call concludes.
An archived version of the webcast will be available on the Penguin So...
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04.03.26 - 22:54
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Penguin Solutions Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--$PENG #AI--Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”) today announced the grant of inducement equity awards to its new Senior Vice President and Chief Product Officer, Ian Colle, in connection with the commencement of his employment with the Company on March 2, 2026. The independent Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the grants to Mr. Colle on March 2, 2026 of time-based restricted stock units with respect to 64,233 shares of Common Stock of the Company (the “RSUs”) and performance-based restricted stock units with respect to 64,233 shares of Common Stock of the Company at the target level of performance (the “PSUs”).
The awards were granted to Mr. Colle as inducements material to his entering into employment with the Company in accordance with Rule 5635(c)(4) of the Nasdaq Marketplace Rules. The awards were granted under the Penguin Solutions, Inc. Amended and R...
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02.03.26 - 15:09
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Penguin Solutions Appoints Ian Colle as SVP and Chief Product Officer (Business Wire)
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Leader to drive product strategy and execution for AI Factory PlatformFREMONT, Calif.--(BUSINESS WIRE)--$PENG #AI--Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced the appointment of Ian Colle as senior vice president and chief product officer. He will be responsible for leading product strategy, roadmap development, and lifecycle execution for Penguin's AI Factory Platform. Colle brings 25 years of experience to Penguin Solutions, joining from Amazon Web Services (AWS) where he most recently served as general manager of advanced computing and simulation. At AWS, he helped build a global HPC and AI infrastructure business from the ground up and scale it into a multi-billion-dollar portfolio, leading globally distributed teams across product management, engineering, go-to-market, and operations.
“We are thrilled to welcome Ian to the Penguin Solutions team as we continue to deliver AI Factories for enterprises at scale, so they can accelerate the deployment of agentic AI workflo...
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05.02.26 - 22:09
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Penguin Solutions Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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FREMONT, Calif.--(BUSINESS WIRE)--$PENG #CEO--Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”) today announced the grant of inducement equity awards to its new President and Chief Executive Officer, Kash Shaikh, in connection with the commencement of his employment with the Company on February 2, 2026. The independent Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the grants to Mr. Shaikh on February 2, 2026 of time-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company's common stock (the “Initial RSUs” and the “Supplemental RSUs,” respectively) and performance-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company's common stock at the target level of performance (the “Stock Appreciation PSUs” and the “Relative TSR PSUs,” respectively).
The awards were granted to Mr. Shaikh as inducements material to his entering into employm...
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