Financial Performance - Penguin Solutions' Q1 FY25 revenue reached $341 million, a 24% increase compared to Q1 FY24[9] - The company's non-GAAP gross margin was 30.8%[9,32] - Non-GAAP diluted EPS was $0.49, a 108% increase year-over-year[9] - The company holds $394 million in cash, cash equivalents, and short-term investments[9] Business Segment Performance - Advanced Computing generated $177 million in revenue, representing a 49% increase year-over-year and 52% of total company revenue[13] - Integrated Memory revenue was $97 million, up 13% year-over-year, accounting for 28% of total revenue[15] - Optimized LED revenue was $67 million, a 4% decrease compared to the previous year, contributing 20% of total revenue[17] Future Outlook - Penguin Solutions anticipates a 15% year-over-year growth in net sales for FY25, with a potential variance of +/- 5%[42] - The company projects a non-GAAP gross margin of 32% +/- 1% for FY25[42] - Penguin Solutions estimates non-GAAP diluted earnings per share of $1.50 +/- $0.20 for FY25[42]
Penguin Solutions, Inc.(PENG) - 2025 Q1 - Earnings Call Presentation