Filing Flows › Penguin Solutions (PENG) › Q1 FY26
Penguin Solutions (PENG) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 6, 2026
Penguin Solutions (PENG) reported revenue of $343M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and +2% from the quarter before. Operating margin was 5.7%, net earnings $5.3M (1.5% of revenue).
Penguin Solutions, Q1 FY26: revenue $343M (+0.6% year over year), operating margin 5.7%, net earnings $5.3M, operating cash flow $31.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +2% | +0.6% |
| Gross profit | $96.1M | -0.6% | -2% |
| Operating profit | $19.6M | +57% | +13% |
| Net earnings | $5.3M | -44% | +1% |
| Operating cash flow | $31.1M | — | +125% |
| Free cash flow | $28.2M | — | +135% |
What changed
Revenue was $343.1M in Q1 FY26, up 1% year over year and up 2% from the previous quarter.
Gross margin was 28.0%, down 0.7 points from a year earlier. Operating profit was $19.6M, a 5.7% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 113% reached operating profit, above the 5% margin then. Operating expenses fell 5% while revenue rose 1%. Net earnings were $5.3M, up 1% year over year. The effective tax rate was 23.0%.
Operating cash flow was $31.1M (up 125% year over year), 513% of net income including minority interests. Non-cash charges added back $12.8M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $2.9M left free cash flow of $28.2M.
Questions
What was Penguin Solutions' revenue in the first quarter fiscal 2026?
Penguin Solutions (PENG) reported revenue of $343M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and +2% from the quarter before.
Was Penguin Solutions profitable in the first quarter fiscal 2026?
Operating profit was $19.6M (5.7% of revenue) and net earnings $5.3M.
Source: Penguin Solutions 10-Q on SEC EDGAR.