Penguin Solutions — 2026Q3 財報

“Record net sales of $479 million, up 48% versus the year-ago quarter”

Net sales reached a record $479 million, up 48% from the year-ago quarter.

“Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the year-ago quarter, an increase of 79%”

Non-GAAP diluted EPS was $0.84 against $0.47 a year earlier, a 79% increase.

“Integrated Memory net sales more than doubled year over year, and our AI Infrastructure business continued to build momentum, reflecting strong demand and execution across our memory and AI Infrastructure portfolio”

Integrated Memory net sales more than doubled year over year, while the AI Infrastructure business kept building momentum.

“Added four new AI Infrastructure customer logos in Q3.”

The company added four new AI Infrastructure customer logos in Q3.

“Penguin Solutions is further raising its previously-issued improved financial outlook for full-year fiscal 2026, and as of July 7, 2026, expects both net sales and diluted EPS for full-year fiscal 2026 to be above the high end of its previously-issued outlook ranges. Supported by very strong agentic AI-driven customer demand across its Integrated Memory and AI Infrastructure businesses, Penguin Solutions now expects full-year fiscal 2026 net sales growth of 22% plus or minus 2%, full-year GAAP EPS of $1.97 plus or minus 5 cents, and full-year non-GAAP EPS of $2.60 plus or minus 5 cents”

Penguin raised its full-year fiscal 2026 outlook to net sales growth of 22% plus or minus 2% and non-GAAP EPS of $2.60 plus or minus 5 cents.

“In Q3, our AI-driven businesses represented 74% of total company net sales and grew 104% year over year.”

AI-driven businesses made up 74% of total net sales in Q3 and grew 104% year over year.

“Our strong results reflect a fundamental shift: agentic AI is driving sustained, structural demand for memory, reinforcing our view that this AI-driven demand is more durable than a traditional cyclical memory upturn.”

The CEO argued that agentic AI is creating structural memory demand that should last longer than a normal cyclical memory upturn.

“our preliminary fiscal 2027 view contemplates both total company net sales growth and non-GAAP EPS growth of approximately 30% from the midpoint of our full-year FY26 outlook.”

The CFO gave a preliminary fiscal 2027 view of roughly 30% growth in both net sales and non-GAAP EPS from the midpoint of the FY26 outlook.

“Our Q4 outlook assumes less pricing favorability than we experienced in Q3, and we therefore expect some downward pressure on gross margins as we exit the year.”

The Q4 outlook assumes less favorable memory pricing than Q3, so management expects some downward pressure on gross margins as the year ends.

“So, the demand continues to increase. So, while the prices are going up, and it may stabilize at some point, but we see increased demand.”

Asked about memory pricing, the CEO said demand keeps rising even as prices go up, and that prices may stabilize at some point.