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How Penguin Solutions (PENG) makes money
Penguin Solutions (PENG) made $567M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +68% from a year earlier. Of every dollar of revenue, 28¢ was left as gross profit, 12¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $567M | 100.0% |
| Cost of revenue | $411M | 72.5% |
| Gross profit | $156M | 27.5% |
| Operating expenses | $86.4M | 15.3% |
| Operating profit | $69.5M | 12.3% |
| Net earnings | $93.2M | 16.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $567M | +68% |
| Q3 FY26 | $479M | +48% |
| Q2 FY26 | $343M | -6% |
| Q1 FY26 | $343M | +0.6% |
| Q4 FY25 | $338M | +9% |
| Q3 FY25 | $324M | +8% |
| Q2 FY25 | $366M | +28% |
From Penguin Solutions' 10-K filed Oct 20, 2026 (on EDGAR).
Questions
How does Penguin Solutions make money?
Penguin Solutions (PENG) made $567M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +68% from a year earlier. Of every dollar of revenue, 28¢ was left as gross profit, 12¢ was left as operating profit, 16¢ was left as net earnings.
What is Penguin Solutions' profit margin?
Net earnings were $93.2M, 16.4% of revenue, in the fourth quarter fiscal 2026; the operating margin was 12.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.