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Penguin Solutions vs Diodes: PENG and DIOD compared
Penguin Solutions is the larger company: $567M of revenue in its latest quarter (Q4 FY26) against $533M for Diodes (Q3 2026). Penguin Solutions is growing faster (+68% against +36% a year earlier). Penguin Solutions is more profitable, with an operating margin of 12.3% against 11.9%.
Where the money goes: PENG and DIOD
Penguin Solutions (PENG) · Q4 FY26
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.
Diodes (DIOD) · Q3 2026
Diodes, Q3 2026: revenue $533M (+36% year over year), operating margin 11.9%, net earnings $43.7M, operating cash flow $97.2M. The chart follows the revenue to costs, profit and cash.
| Penguin Solutions (PENG) | Diodes (DIOD) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $567M | $533M |
| Revenue growth, Y/Y | +68% | +36% |
| Gross margin | 27.5% | 36.1% |
| Operating margin | 12.3% | 11.9% |
| Net earnings | $93.2M | $43.7M |
| Net margin | 16.4% | 8.2% |
| Operating cash flow | −$163M | $97.2M |
| Free cash flow | — | $43.9M |
| Market value | $2.7B | $3.6B |
| P/E | 16.1× | 27.4× |
| Analysts’ mean target | $85.62 | $142.50 |
Where the revenue comes from
Diodes
- Distributor: $358M (67%)
- Direct Sales: $174M (33%)
Questions
Which is bigger, Penguin Solutions or Diodes?
Penguin Solutions is the larger company: $567M of revenue in its latest quarter (Q4 FY26) against $533M for Diodes (Q3 2026).
Is Penguin Solutions or Diodes growing faster?
Penguin Solutions is growing faster (+68% against +36% a year earlier).
Which is more profitable, Penguin Solutions or Diodes?
Penguin Solutions is more profitable, with an operating margin of 12.3% against 11.9%.
More: Penguin Solutions earnings · how Penguin Solutions makes money · Diodes earnings · how Diodes makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 20, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.