Filing Flows › Penguin Solutions (PENG) › Q3 FY26
Penguin Solutions (PENG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 7, 2026
Penguin Solutions (PENG) reported revenue of $479M for the third quarter fiscal 2026 (Q3 FY26), +48% from a year earlier and +40% from the quarter before. Operating margin was 10.6%, net earnings $44.7M (9.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $479M | +40% | +48% |
| Gross profit | $133M | +42% | +40% |
| Operating profit | $50.9M | +98% | +417% |
| Net earnings | $44.7M | +19% | 17× |
| Operating cash flow | −$74.8M | -236% | -181% |
What changed
Revenue was $478.7M in Q3 FY26, up 48% year over year and up 40% from the previous quarter.
Gross margin was 27.8%, down 1.5 points from Q3 FY25. Operating profit was $50.9M, a 10.6% margin (up 7.6 points year over year). Of the extra revenue versus Q3 FY25, 27% reached operating profit, above the 3% margin then. Operating expenses fell 3% while revenue rose 48%. Net earnings were $44.7M, up 1579% year over year. The effective tax rate was 14.0%.
Operating cash flow was −$74.8M. Non-cash charges added back $12.3M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items used $143.3M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$77.6M.
Questions
What was Penguin Solutions' revenue in the third quarter fiscal 2026?
Penguin Solutions (PENG) reported revenue of $479M for the third quarter fiscal 2026 (Q3 FY26), +48% from a year earlier and +40% from the quarter before.
Was Penguin Solutions profitable in the third quarter fiscal 2026?
Operating profit was $50.9M (10.6% of revenue) and net earnings $44.7M.
Source: Penguin Solutions 10-Q on SEC EDGAR.