How Penguin Solutions makes money

Period

FY2026

How does Penguin Solutions make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Penguin Solutions Inc. · FY2026 · year ended 2026-08-28

Revenue$1.7BGross profit$479M · 28%Cost of revenue$1.3B · 72%Operating income$166M · 10%Operating expenses$313M · 18%R&D$82M · 5%SG&A$220M · 13%Other opex$11M · 1%Pre-tax income$181M · 10%Other income$15M · 1%Net income$181M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.