Penguin Solutions, Inc. reported its financial results for the third quarter of fiscal 2025 on July 8, 2025, with total net sales reaching $324.251 million, an increase of 7.9% year-over-year. The company's non-GAAP diluted earnings per share was $0.47, significantly exceeding estimates and up 27% from the prior year.
Segment performance showed mixed results, with Integrated Memory revenue surging 42.0% year-over-year to $130.124 million. However, Advanced Computing revenue decreased 8.6% year-over-year to $132.498 million, primarily attributed to the timing of a major hyperscaler deployment recognized in the previous quarter.
The company raised the midpoint of its full-year fiscal 2025 non-GAAP diluted EPS outlook to $1.80 per share, an increase from the prior $1.60. Penguin Solutions also reaffirmed its full-year revenue outlook for 17% year-over-year growth, tightening the range to +/- 2%, and lowered its non-GAAP tax rate for FY25 to 25% due to changes in geographic earnings mix.
Penguin Solutions also highlighted that it strengthened its balance sheet through a refinancing completed after the close of Q3. This financial maneuver is expected to contribute to long-term value for stockholders and support ongoing strategic objectives.
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