Financial Performance - Penguin Solutions' Q3 FY25 revenue reached $324 million, a 7.9% increase compared to the year-ago quarter[12] - The non-GAAP gross margin was 31.7%[12] - Non-GAAP diluted EPS was $0.47, a 25% increase year-over-year[12] - Non-GAAP operating income was $38 million, a 15% increase compared to the previous year, with a non-GAAP operating margin of 11.9%[12] Segment Performance - Advanced Computing generated $132 million in revenue, a sequential decrease due to the timing of a large hyperscaler deployment in Q2[24] - Integrated Memory revenue was $130 million, a 24% sequential increase driven by strong demand across computing, networking, and telecom customers[26] - Optimized LED revenue was $62 million, a slight increase compared to the prior quarter, impacted by tariff-related costs and uncertainty related to products from Huizhou, China[29] Strategic Initiatives - Penguin Solutions completed redomiciliation to the United States (Delaware) on June 30, supporting ongoing transformation and aligning with strategic long-term goals[40] - A refinancing was announced on June 26, strengthening the balance sheet by reducing gross leverage, extending debt maturity, and establishing a new $400 million revolving credit facility[40] FY25 Outlook (Non-GAAP) - Net Sales: 17% YoY Growth +/- 2%[50] - Gross margin: 31% +/- 0.5%[50] - Operating expenses: $260 million +/- $5 million[50] - Diluted earnings per share: $1.80 +/- $0.05[50]
Penguin Solutions, Inc.(PENG) - 2025 Q3 - Earnings Call Presentation