Short answer
Penguin Solutions, Inc. (PENG) filed its Q1 2026 10-Q quarterly report on Apr 1, 2026 for the quarter ended Feb 27, 2026. Quarterly revenue was $343M (down 6.2% year over year) with net income of $37M.
Q1 2026 key financials · XBRL
- Revenue
- $343M
- −6.2% YoY · −0.0% QoQ
- Net income
- $37M
- +363.4% YoY · +610.7% QoQ
- Operating margin
- 7.5%
- Gross margin
- 27.3%
- EPS (diluted)
- $0.57
- +533.3% YoY · +1325.0% QoQ
Source: XBRL data from the Penguin Solutions, Inc. (PENG) Q1 2026 10-Q on SEC EDGAR. USD.
Penguin Solutions, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- U.S. Domestication completed June 30, 2025, moving parent company from Cayman Islands to Delaware
Risk Factors
- No material risk-factor changes disclosed from the 2025 Annual Report
- Repurchase authorization constrained by the 2025 Credit Agreement, SKT Purchase Agreement, and CPS Delaware Certificate of Designation
- $64.5 million remaining under current stock-repurchase authorizations as of February 27, 2026
- Leadership transition risk triggered by CEO transition agreement and new CEO offer letter dated January 30, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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