AI Earnings Predictions for Penguin Solutions Inc. Ordinary Shares (PENG)

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Exhibit 99.1

Press Release

FOR IMMEDIATE RELEASE

PENGUIN SOLUTIONS REPORTS Q3 FISCAL 2026 FINANCIAL RESULTS

Delivers Record Quarterly Results and Raises Full-Year Outlook for Both Net Sales and EPS, Reflecting AI-Driven Demand

Fremont, Calif. – July 7, 2026 – Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026.

Third Quarter Financial Highlights

•Record net sales of $479 million, up 48% versus the year-ago quarter

•Record Q3 GAAP operating income of $51 million, up 417% versus the year-ago quarter

•Record Q3 Non-GAAP operating income of $64 million, up 67% versus the year-ago quarter

•Q3 GAAP diluted EPS of $0.68 versus $(0.01) in the year-ago quarter

•Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the year-ago quarter, an increase of 79%

“Penguin Solutions delivered a record quarter, exceeding expectations for both net sales and EPS. This profitable growth acceleration reinforces our confidence that our AI Factory Platform strategy is working. Integrated Memory net sales more than doubled year over year, and our AI Infrastructure business continued to build momentum, reflecting strong demand and execution across our memory and AI Infrastructure portfolio,” said Kash Shaikh, CEO of Penguin Solutions.

“We are seeing very strong AI-driven customer demand for memory and AI infrastructure solutions. As inference and agentic AI workloads become more persistent and context-rich, memory is increasingly becoming one of the primary performance and scalability bottlenecks. Penguin is well positioned at the intersection of memory and AI infrastructure to help customers address these evolving requirements. Given robust demand and disciplined execution, we are raising our full-year outlook for both net sales and EPS.”

Third Quarter Business Highlights

Customer Wins Across Integrated Memory and AI Infrastructure:

•Continued to execute our land-and-expand strategy, converting new customer wins into expanded commercial relationships across both Integrated Memory and AI Infrastructure.

•Integrated Memory: Across the trailing four quarters from Q3-25 to Q2-26, we added 16 new logos, and five of those customers subsequently increased their business with us.

•AI Infrastructure: Added four new AI Infrastructure customer logos in Q3. Across the trailing four quarters from Q3-25 to Q2-26, we added 13 new logos, and seven of those customers subsequently increased their business with us.

Key Technology and Market Leadership Milestones for Penguin’s AI Factory Platform:

•Recognized as Dell Technologies Global Alliances Americas AI Partner of the Year, highlighting Penguin’s role in delivering full-stack AI Factory Platforms that combine infrastructure software, advanced memory technologies, compute systems, and services.

•Became an NVIDIA AI Factory Specialized Partner, recognizing Penguin’s expertise in designing, building, deploying, and managing full-stack AI factory infrastructure for enterprise, sovereign AI, and neocloud environments.

•Expanded ClusterWareAI operating system software for AI factories with AI-powered operations. The new AI Factory Operations Agent provides administrators with a conversational interface using natural language queries. This agent is the first in a planned family of agentic AI-powered agents designed to automate AI cluster operations with a human-in-the-loop approach.

Raised Fiscal 2026 Outlook

Penguin Solutions is further raising its previously-issued improved financial outlook for full-year fiscal 2026, and as of July 7, 2026, expects both net sales and diluted EPS for full-year fiscal 2026 to be above the high end of its previously-issued outlook ranges. Supported by very strong agentic AI-driven customer demand across its Integrated Memory and AI Infrastructure businesses, Penguin Solutions now expects full-year fiscal 2026 net sales growth of 22% plus or minus 2%, full-year GAAP EPS of $1.97 plus or minus 5 cents, and full-year non-GAAP EPS of $2.60 plus or minus 5 cents.

Quarterly Financial Results

GAAP (1)

Non-GAAP (2)

(in thousands, except per share amounts)Q3-26Q2-26Q3-25Q3-26Q2-26Q3-25

Net sales:

Advanced Computing$137,583 $115,715 $132,498 $137,583 $115,715 $132,498

Integrated Memory275,067 171,629 130,124 275,067 171,629 130,124

Optimized LED66,063 55,655 61,629 66,063 55,655 61,629

Total net sales$478,713 $342,999 $324,251 $478,713 $342,999 $324,251

Gross profit$133,214 $93,702 $95,083 $134,750 $106,916 $102,753

Operating income50,863 25,689 9,843 64,384 45,254 38,474

Net income attributable to Penguin Solutions44,689 37,452 2,661 52,246 34,107 31,128

Diluted earnings (loss) per share$0.68 $0.58 $(0.01)$0.84 $0.52 $0.47

(1)GAAP represents U.S. Generally Accepted Accounting Principles.

(2)Non-GAAP represents GAAP excluding the impact of certain activities. Further information regardi

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Exhibit 99.1

Press Release

FOR IMMEDIATE RELEASE

PENGUIN SOLUTIONS REPORTS Q2 FISCAL 2026 FINANCIAL RESULTS

Raises Full Year Net Sales and EPS Outlook

Fremont, Calif. – April 1, 2026 – Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026.

Second Quarter Fiscal 2026 Highlights

•Net sales of $343 million, down 6% versus the year-ago quarter

•GAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarter

•Non-GAAP gross margin of 31.2%, up 40 basis points versus the year-ago quarter

•GAAP diluted EPS of $0.58 versus $0.09 in the year-ago quarter

•Non-GAAP diluted EPS of $0.52 for the current and year-ago quarters

“Enterprises, governments, and neocloud providers are racing to build AI factories, as platforms scale to power the next generation of inference workloads,” said Kash Shaikh, CEO of Penguin Solutions. “Our AI/HPC pipeline continues to expand, and we added five AI/HPC customers this quarter, including a Tier One financial institution deploying our MemoryAI CXL-based KV cache server. Memory is a critical scaling factor for AI inference, and that aligns with one of our core strengths. Reflecting strong memory demand and disciplined execution, we are raising our full-year net sales and EPS outlook.”

Quarterly Financial Results

GAAP (1)

Non-GAAP (2)

(in thousands, except per share amounts)Q2-26Q1-26Q2-25Q2-26Q1-26Q2-25

Net sales:

Advanced Computing$115,715 $151,452 $200,157 $115,715 $151,452 $200,157

Integrated Memory171,629 136,521 105,260 171,629 136,521 105,260

Optimized LED55,655 55,098 60,102 55,655 55,098 60,102

Total net sales$342,999 $343,071 $365,519 $342,999 $343,071 $365,519

Gross profit$93,702 $96,109 $104,648 $106,916 $102,921 $112,408

Operating income (loss)25,689 19,582 18,488 45,254 41,528 49,090

Net income (loss) attributable to Penguin Solutions37,452 5,270 8,082 34,107 32,391 33,836

Diluted earnings (loss) per share$0.58 $0.04 $0.09 $0.52 $0.49 $0.52

(1)GAAP represents U.S. Generally Accepted Accounting Principles.

(2)Non-GAAP represents GAAP excluding the impact of certain activities. Further information regarding the Company’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release.

Business Outlook

As of April 1, 2026, Penguin Solutions is providing the following financial outlook for fiscal year 2026:

Updated Outlook

GAAP

Outlook Adjustments Non-GAAP

Outlook

Net sales12% YoY Growth +/-5%—12% YoY Growth +/-5%

Gross margin26% +/- 0.5%2%(A)28% +/- 0.5%

Operating expenses$310 million +/- $5 million($60) million(B)(C)$250 million +/- $5 million

Diluted earnings per share$1.30 +/- $0.15$0.85(A)(B)(C)(D)(E)(F)$2.15 +/- $0.15

Diluted shares53 million—53 million

Non-GAAP adjustments (in millions)

(A) Stock-based compensation and amortization of acquisition-related intangibles included in cost of sales$30

(B) Stock-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A50

(C) Other operating adjustments10

(D) Other non-operating adjustments (1) (20)

(E) Estimated income tax effects(18)

(F) Estimated effect of allocation of earnings to participating securities(7)

$45

(1)Primarily reflects net gains associated with non-marketable equity investments.

Previous Outlook

GAAP

Outlook Adjustments Non-GAAP

Outlook

Net sales6% YoY Growth +/-10%—6% YoY Growth +/-10%

Gross margin27% +/- 1%2%(A)29% +/- 1%

Operating expenses$307 million +/- $10 million($57) million(B)(C)$250 million +/- $10 million

Diluted earnings per share$0.85 +/- $0.25$1.15(A)(B)(C)(D)(E)(F)$2.00 +/- $0.25

Diluted shares55 million—55 million

Non-GAAP adjustments (in millions)

(A) Stock-based compensation and amortization of acquisition-related intangibles included in cost of sales$30

(B) Stock-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A49

(C) Other operating adjustments8

(D) Other non-operating adjustments (1) 3

(E) Estimated income tax effects(20)

(F) Estimated effect of allocation of earnings to participating securities(7)

$63

(1)Primarily reflects net losses associated with non-marketable equity investments.

Second Quarter Fiscal 2026 Earnings Conference Call and Webcast Details

Penguin Solutions will hold a conference call and webcast to discuss the second quarter fiscal 2026 results and related matters today, April 1, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Interested parties may access the call by registering online at https://events.q4inc.com/attendee/550562118, at which time registrants will receive dial-in information as well as a conference ID. The live webcast will also be accessible from the Penguin Solutions investor relations website (https://ir.penguinsolutions.com/investors/default.aspx) on the Events page,

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Document

Exhibit 99.1

Press Release

FOR IMMEDIATE RELEASE

PENGUIN SOLUTIONS REPORTS Q1 FISCAL 2026 FINANCIAL RESULTS

Solid First Quarter Driven by Operational Excellence and Memory Growth

Fremont, Calif. – January 6, 2026 – Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (NASDAQ: PENG) today reported financial results for the first quarter of fiscal 2026.

First Quarter Fiscal 2026 Highlights

•Net sales of $343 million, up 1% versus the year-ago quarter

•GAAP gross margin of 28.0%, down 70 basis points versus the year-ago quarter

•Non-GAAP gross margin of 30.0%, down 80 basis points versus the year-ago quarter

•GAAP diluted EPS of $0.04 versus $0.10 in the year-ago quarter

•Non-GAAP diluted EPS of $0.49 for the current and year-ago quarter

“In Q1 we expanded our pipeline and made progress on our strategic priorities, while delivering solid operating results,” said Mark Adams, CEO of Penguin Solutions. “We continue to see signs of a shift in the AI market toward enterprise adoption and production-scale deployments, with workloads evolving from training environments into inference-driven use cases. This aligns well with our strengths in solution design, integration, and management. We remain focused on executing with discipline, deepening partnerships, and innovating across our core businesses.”

Penguin Solutions Reaches Agreement to Divest Remaining Interest in Brazil Memory Module Business

On December 29, 2025, SMART Modular Technologies (LX) S.à r.l. (“Seller”), a wholly owned indirect subsidiary of the Company, entered into a Stock Transfer Agreement (the “Stock Transfer Agreement”), by and among Seller, Lexar Europe B.V. (“Buyer”), Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda. (“Zilia Technologies”) (formerly SMART Modular Technologies do Brasil - Indústria e Comércio de Componentes Ltda.), Shenzhen Longsys Electronics Co., Ltd., and Shanghai Intelligent Memory Semiconductor Co., Ltd. (上海慧忆半导体有限公司). Pursuant to the Stock Transfer Agreement, Seller will sell to Buyer Seller’s remaining 19% interest in Zilia Technologies for a purchase price of $46.08 million (the “Transaction”). Upon the closing of the Transaction, we will no longer hold any interest in Zilia Technologies. The closing is subject to certain customary closing conditions and is expected to occur on or about March 30, 2026 and no later than April 28, 2026.

Zilia Technologies assembles and tests standards-based, commodity memory modules for electronics manufacturers that sell devices to Brazilian consumers.

Quarterly Financial Results

GAAP (1)

Non-GAAP (2)

(in thousands, except per share amounts)Q1-26Q4-25Q1-25Q1-26Q4-25Q1-25

Net sales:

Advanced Computing$151,452 $138,336 $177,426 $151,452 $138,336 $177,426

Integrated Memory136,521 132,159 96,706 136,521 132,159 96,706

Optimized LED55,098 67,427 66,970 55,098 67,427 66,970

Total net sales$343,071 $337,922 $341,102 $343,071 $337,922 $341,102

Gross profit$96,109 $96,731 $97,812 $102,921 $104,317 $105,122

Operating income (loss)19,582 12,448 17,356 41,528 39,170 40,918

Net income (loss) attributable to Penguin Solutions5,270 9,431 5,217 32,391 28,843 26,518

Diluted earnings (loss) per share$0.04 $0.11 $0.10 $0.49 $0.43 $0.49

(1)GAAP represents U.S. Generally Accepted Accounting Principles.

(2)Non-GAAP represents GAAP excluding the impact of certain activities. Further information regarding the Company’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release.

Business Outlook

As of January 6, 2026, Penguin Solutions is providing the following financial outlook for fiscal year 2026:

Updated Outlook

GAAP

Outlook Adjustments Non-GAAP

Outlook

Net sales6% YoY Growth +/-10%—6% YoY Growth +/-10%

Gross margin27% +/- 1%2%(A)29% +/- 1%

Operating expenses$307 million +/- $10 million($57) million(B)(C)$250 million +/- $10 million

Diluted earnings per share$0.85 +/- $0.25$1.15(A)(B)(C)(D)(E)(F)$2.00 +/- $0.25

Diluted shares55 million—55 million

Non-GAAP adjustments (in millions)

(A) Stock-based compensation and amortization of acquisition-related intangibles included in cost of sales$30

(B) Stock-based compensation and amortization of acquisition-related intangibles included in R&D and SG&A49

(C) Other operating adjustments8

(D) Other non-operating adjustments (1) 3

(E) Estimated income tax effects(20)

(F) Estimated effect of allocation of earnings to participating securities(7)

$63

(1)Primarily reflects net losses associated with non-marketable equity securities.

Previous Outlook

GAAP

Outlook Adjustments Non-GAAP

Outlook

Net sales6% YoY Growth +/-10%—6% YoY Growth +/-10%

Gross margin27.5% +/- 1%2%(A)29.5% +/- 1%

Operating expenses$312 million +/- $10 million($57) million(B)(C)$255 million +/- $10 million

Diluted earnings per share$0.89 +/- $0.25$1.11(A)(B)(C)(D)(E)$2.00 +/- $0.25

Diluted s