Penguin Solutions reported strong financial results for the first quarter of fiscal 2025 on January 8, 2025, with total net sales reaching $341.102 million. This represents a 24% increase compared to $274.247 million in the first quarter of fiscal 2024.
The Advanced Computing segment was a primary driver of this growth, with revenue surging by 49% year-over-year to $177.426 million. Integrated Memory also saw an increase to $96.706 million, while Optimized LED revenue was $66.970 million.
The company achieved non-GAAP diluted earnings per share of $0.49, a significant increase from $0.24 in Q1 FY24. Penguin Solutions affirmed its full-year fiscal 2025 outlook, projecting 15% year-over-year net sales growth and non-GAAP diluted EPS of $1.50 +/- $0.20.
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