Filing Flows › Penguin Solutions (PENG) › Q3 FY26 › vs Q2 FY26
Penguin Solutions (PENG) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Penguin Solutions's revenue rose $136M (+40%) from $343M in Q2 FY26 to $479M in Q3 FY26. Gross margin 27.8% against 27.3% (+0.5 pts).
Penguin Solutions, Q3 FY26: revenue $479M (+48% year over year), operating margin 10.6%, net earnings $44.7M, operating cash flow −$74.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 27.8% | 27.3% | +0.5 pts |
| Operating margin | 10.6% | 7.5% | +3.1 pts |
| Net margin | 9.3% | 10.9% | -1.6 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $479M | $343M | $136M | +40% |
| Gross profit | $133M | $93.7M | $39.5M | +42% |
| Cost of revenue | $345M | $249M | $96.2M | +39% |
| Other income, net | $2.8M | $27.3M | −$24.4M | -90% |
| Operating profit | $50.9M | $25.7M | $25.2M | +98% |
| Operating expenses | $82.4M | $68.0M | $14.3M | +21% |
| Pre-tax earnings | $53.7M | $53.0M | $747K | +1% |
| Research & development | $22.0M | $19.0M | $3.0M | +16% |
| SG&A | $59.4M | $48.0M | $11.4M | +24% |
| Other operating costs | $963K | $1.0M | −$85K | -8% |
| Net earnings | $44.7M | $37.5M | $7.2M | +19% |
| Minority interests | $1.5M | $1.1M | $405K | +37% |
| Income tax | $7.5M | $14.4M | −$6.9M | -48% |
| Operating cash sources | $142M | $370K | $141M | 383× |
| Depreciation & amortization | $12.3M | $12.8M | −$444K | -3% |
| Share-based compensation | $10.0M | $5.1M | $4.9M | +95% |
| Cash used in operations | $74.8M | −$55.0M | $130M | — |
| Working capital & other | $142M | $370K | $141M | 383× |
Questions
How much did Penguin Solutions's revenue grow quarter over quarter in Q3 FY26?
Penguin Solutions's revenue rose $136M (+40%) from $343M in Q2 FY26 to $479M in Q3 FY26. Gross margin 27.8% against 27.3% (+0.5 pts).