Filing Flows › Penguin Solutions (PENG) › Q2 FY25
Penguin Solutions (PENG) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 2, 2025
Penguin Solutions (PENG) reported revenue of $366M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +7% from the quarter before. Operating margin was 5.1%, net earnings $8.1M (2.2% of revenue).
Penguin Solutions, Q2 FY25: revenue $366M (+28% year over year), operating margin 5.1%, net earnings $8.1M, operating cash flow $72.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $366M | +7% | +28% |
| Gross profit | $105M | +7% | +28% |
| Operating profit | $18.5M | +7% | — |
| Net earnings | $8.1M | +55% | — |
| Operating cash flow | $72.9M | +427% | — |
| Free cash flow | $70.5M | +489% | — |
What changed
Revenue was $365.5M in Q2 FY25, up 28% year over year and up 7% from the previous quarter. Product was the largest line at 82% of revenue. Product added $66.0M year over year (up 28%), 82% of the total change.
Gross margin was 28.6%, down 0.1 points from a year earlier. Operating profit was $18.5M, a 5.1% margin (up 6.2 points year over year). Operating expenses grew 1% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+108%). Net earnings were $8.1M. The effective tax rate was 46.3%.
Operating cash flow was $72.9M, 822% of net income including minority interests. Non-cash charges added back $14.0M of depreciation and amortization and $11.6M of share-based compensation. Working capital and other items added $38.4M. Capital expenditures of $2.3M left free cash flow of $70.5M.
Questions
What was Penguin Solutions' revenue in the second quarter fiscal 2025?
Penguin Solutions (PENG) reported revenue of $366M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +7% from the quarter before.
Was Penguin Solutions profitable in the second quarter fiscal 2025?
Operating profit was $18.5M (5.1% of revenue) and net earnings $8.1M.
Source: Penguin Solutions 10-Q on SEC EDGAR.