Penguin Solutions reports Q3 non-GAAP EPS 47c, consensus 33c

Reports Q3 revenue $324.251M, consensus $330.82M. “We delivered solid Q3 results while executing against our strategic objectives,” said Mark Adams, CEO of Penguin Solutions (PENG). “We also strengthened our balance sheet through a refinancing after the close of Q3, and we remain focused on developing our AI software and services capabilities, expanding go-to-market resources, and driving long-term value for our stockholders.”