Filing Flows › Penguin Solutions (PENG) › Q4 FY26
Penguin Solutions (PENG) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Oct 20, 2026
Penguin Solutions (PENG) reported revenue of $567M for the fourth quarter fiscal 2026 (Q4 FY26), +68% from a year earlier and +18% from the quarter before. Operating margin was 12.3%, net earnings $93.2M (16.4% of revenue).
Penguin Solutions, Q4 FY26: revenue $567M (+68% year over year), operating margin 12.3%, net earnings $93.2M, operating cash flow −$163M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $567M | +18% | +68% |
| Gross profit | $156M | +17% | +61% |
| Operating profit | $69.5M | +37% | +458% |
| Net earnings | $93.2M | +109% | +888% |
| Operating cash flow | −$163M | — | — |
What changed
Revenue was $566.7M in Q4 FY26, up 68% year over year and up 18% from the previous quarter.
Gross margin was 27.5%, down 1.1 points from Q4 FY25. Operating profit was $69.5M, a 12.3% margin (up 8.6 points year over year). Of the extra revenue versus Q4 FY25, 25% reached operating profit, above the 4% margin then. Operating expenses grew 3% against revenue growth of 68%. The fastest-growing cost line was Research & development (+11%). Net earnings were $93.2M, up 888% year over year. The tax line was a benefit of $57.6M on pre-tax earnings of $37.4M.
Operating cash flow was −$163.1M. Non-cash charges added back $12.3M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $277.1M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$167.4M.
Questions
What was Penguin Solutions' revenue in the fourth quarter fiscal 2026?
Penguin Solutions (PENG) reported revenue of $567M for the fourth quarter fiscal 2026 (Q4 FY26), +68% from a year earlier and +18% from the quarter before.
Was Penguin Solutions profitable in the fourth quarter fiscal 2026?
Operating profit was $69.5M (12.3% of revenue) and net earnings $93.2M.
Source: Penguin Solutions 10-K on SEC EDGAR.