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Penguin Solutions, Inc., a company specializing in advanced computing, memory, and LED solutions, has reported its financial results for the second quarter of fiscal 2025, showcasing significant growth in revenue and a strategic outlook adjustment.
In its latest earnings report, Penguin Solutions announced a 28% increase in net sales compared to the same quarter last year, reaching $366 million. The company also raised the midpoint of its annual revenue outlook, reflecting confidence in its ongoing fiscal performance.
Key financial highlights include a GAAP diluted EPS of $0.09, a significant improvement from a loss of $0.26 in the prior year, and a non-GAAP diluted EPS of $0.52, nearly doubling from $0.27 a year ago. The company’s net income also saw a positive turnaround, with $8.1 million reported, compared to a loss of $13.6 million in the previous year. Additionally, the company announced the planned retirement of its COO and President of Integrated Memory, Jack Pacheco, by the end of 2025.
Penguin Solutions’ strategic focus on managing AI complexities for its customers has been a driving force behind its robust financial performance. The company has adjusted its fiscal year 2025 outlook, now anticipating a 17% year-over-year growth in net sales, with a non-GAAP gross margin expected to be around 31%.
Looking ahead, Penguin Solutions remains optimistic about its growth trajectory, supported by its strategic initiatives and market positioning. The company is poised to continue leveraging its expertise in computing and memory solutions to capitalize on emerging opportunities in the technology sector.