Penguin Solutions, Inc. (PENG) Reports Q2 Financial Fiscal ResulPenguin Solutions, Inc. (NASDAQ: NASDAQ:PENG ) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer (“COO”) and President of Integrated Memory Jack Pacheco.
Second Quarter Fiscal 2025 Highlights
Net sales of $366 million, up 28.3% versus the year-ago quarter
GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter
Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter
GAAP diluted EPS of $0.09 versus $(0.26) in the year-ago quarter
Non-GAAP diluted EPS of $0.52 versus $0.27 in the year-ago quarter
“We are pleased with the progress we are making in fiscal year 2025,” said Mark Adams, Chief Executive Officer (“CEO”) of Penguin Solutions. “Our results reinforce our capabilities in managing the complexity of AI for our valued customers. Given our strong start to the fiscal year, we are raising the midpoint of our revenue outlook for the full year.”
Despite the commendable results, shares of NASDAQ:PENG are down 5% today albeit the general crypto and stock market landscape are facing extreme selling pressures amidst Donald Trump's Tariffs war with over $1.65 trillion wiped out from US stock market at open today.
The support point has already being broken with eyes set on the 1-month low as the support should selling pressure increased as there is more space for a cool off as hinted by the RSI at 40.
Analyst Forecast
According to 8 analysts, the average rating for PENG stock is "Strong Buy." The 12-month stock price forecast is $24.75, which is an increase of 40.87% from the latest price.
