What is the 13F Pro Quality Score for PENG?

13F Pro ranks Penguin Solutions, Inc. (PENG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PENG's current score at https://13fpro.ai/company/PENG (free sign-up required for the full ranking).

Which hedge funds own the most PENG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of PENG include BlackRock,, FMR, Invesco Ltd.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/PENG as soon as new 13F filings post.

Where does 13F Pro source PENG data?

All Penguin Solutions, Inc. fundamentals and ownership data come directly from SEC EDGAR. Penguin Solutions, Inc. files with the SEC under CIK 1616533. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PENG in?

Penguin Solutions, Inc. (PENG) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives PENG's revenue?

Per Penguin Solutions, Inc.'s latest 10-Q filed with the SEC on 2026-07-07, the biggest revenue drivers are: Integrated Memory ($583.2M, +75.6% YoY); Advanced Computing ($404.8M, -20.6% YoY); Optimized LED ($176.8M, -6.3% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PENG.

What are PENG's largest expenses?

Penguin Solutions, Inc.'s latest 10-Q reports these as the largest expense items: Cost of sales ($841.8M, +14.8% YoY); Selling, general and administrative ($160.5M, -10.6% YoY); Research and development ($59.7M, -0.5% YoY). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (nine months ended May 29, 2026).

How often is PENG research updated on 13F Pro?

PENG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Penguin Solutions, Inc.(PENG)Stock Analysis

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13F Pro Quality Score

49.2/100

Rank #1,675 of 2,961 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

67.2/100

Profitability

66.7/100

Balance Sheet

69.5/100

Earnings Quality

10.0/100

Free Cash Flow

20.6/100

Institutional Flow

33.1/100

Revenue Scale

58.0/100

Dilution Risk

32.5/100

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Why PENG Scores 49/100

exact factor attribution · 2026-09-11

PENG's composite is driven by revenue growth and profitability, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+3.4 pts

67th pct

Profitability

+2.5 pts

67th pct

Capital efficiency

+1.9 pts

70th pct

Scale

+1.2 pts

58th pct

Earnings growth

+0.2 pts

54th pct

Institutional flow

-0.8 pts

33th pct

Shareholder dilution

-0.9 pts

33th pct

Earnings quality

-4.0 pts

10th pct

Free cash flow

-4.4 pts

21th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in PENG

Events flagged as statistical outliers against PENG's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-07-11
PENG quality score dropped 12 points (58→47) on a new filing
View source filing →

PENG Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Penguin Solutions, Inc. (PENG), a Technology sector company. 13F Pro's AI-powered ranking engine scores PENG at 49.2/100 on a 32-signal composite quality model, placing it at rank #1,675 of 2,961 stocks — the bottom half of the AI-ranked universe. Areas of concern include earnings quality (10.0) and free cash flow (20.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Penguin Solutions, Inc. reports quarterly revenue of $478.7M, net income of $44.7M, an operating margin of 10.6%. Top institutional holders of PENG by reported 13-F value include BlackRock, FMR, Invesco Ltd., based on the most recent SEC filings. PENG trades on the Nasdaq exchange and files with the SEC under CIK 1616533. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PENG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Penguin Solutions, Inc. directly from SEC EDGAR. Penguin Solutions, Inc.'s 13F Pro composite quality score has ranged between 36 and 54 since 2024, currently 49.2 — an improving long-term trajectory across 53 quarterly and live scoring snapshots.

What's Driving PENG's Business? Latest 10-Q Breakdown

✓ 24/24 datapoints verified

AI-extracted from Penguin Solutions, Inc.'s 10-Q filed 2026-07-07 — Q3 FY2026 (nine months ended May 29, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Penguin Solutions grew nine-month revenue 13.0% to $1.16B, driven by 75.6% surge in Integrated Memory segment as AI-driven demand boosted pricing and volumes.

Biggest Revenue Drivers

Integrated Memory$583.2M+75.6% YoY

Strong momentum across DRAM and Flash, as accelerating AI-driven demand drove favorable pricing and increased volume.

Advanced Computing$404.8M-20.6% YoY

Declined due to ongoing Penguin Edge wind-down and absence of hyperscale hardware sales from 2025 that did not recur in 2026.

Biggest Revenue Drivers

Total revenue: $1,164.8M+13.0% YoY

Integrated Memory$583.2M+75.6% YoY

Strong momentum across DRAM and Flash, as accelerating AI-driven demand drove favorable pricing and increased volume.

Advanced Computing$404.8M-20.6% YoY

Declined due to ongoing Penguin Edge wind-down and absence of hyperscale hardware sales from 2025 that did not recur in 2026.

Optimized LED$176.8M-6.3% YoY

Broad-based decline in demand across the business.

Largest Expense Items

Cost of sales$841.8M+14.8% YoY

Increased primarily driven by strong growth in Integrated Memory segment.

Selling, general and administrative$160.5M-10.6% YoY

Lower personnel-related expenses from headcount reductions and reduced subcontract services following U.S. Domestication completion.

Research and development$59.7M-0.5% YoY

Decrease reflects lower personnel-related expenses from headcount reductions and reduced subcontract services.

Margins: Gross margin compressed to 27.7% in nine months 2026 from 28.9% in 2025, primarily due to ongoing Penguin Edge wind-down and a shift in mix toward lower-margin Integrated Memory sales. Operating margin improved to 8.3% from 4.4% YoY, benefiting from strong Integrated Memory profitability and lower SG&A.

Watch Items from the Filing

Integrated Memory segment revenue jumped 75.6% YoY but carries gross margins lower than company average; if it continues growing faster than overall company, total gross margins may decline further.
Advanced Computing revenue down 20.6% YoY; segment transition from hyperscaler concentration to non-hyperscale customers may further pressure near-term sales.
$150M of 2029 Convertible Notes became current debt as of May 29, 2026; holders have conversion right through August 28, 2026; company may be required to pay up to $150M cash if all convert.
SK Telecom holds 200,000 convertible preferred shares ($200M investment) with 6% cumulative dividend, board designation rights for one director, and pro-rata rights; shares classified as temporary equity.
Company anticipates additional restructuring charges in future quarters related to workforce reductions and Penguin Edge wind-down; $0.6M liability remained unpaid as of May 29, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$478.7M

Net Income

Q2 2026

$44.7M

Free Cash Flow

Q2 2026

$-77.6M

Operating Margin

Q2 2026

10.6%

ROIC

Q2 2026

19.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+16.9% YoY

$1.37BFY 2025

FY22 $1.40BFY23 $1.44BFY24 $1.17BFY25 $1.37B

Net Income

+148.4% YoY

$25.4MFY 2025

FY22 $66.6MFY23 $-187.5MFY24 $-52.5MFY25 $25.4M

Operating Income

+217.8% YoY

$58.1MFY 2025

FY22 $67.2MFY23 $8.7MFY24 $18.3MFY25 $58.1M

EPS (Diluted)

+128.0% YoY

$0.28FY 2025

FY22 $1.22FY23 $-3.65FY24 $-1.00FY25 $0.28

Total Assets

+9.7% YoY

$1.62BFY 2025

FY22 $1.57BFY23 $1.51BFY24 $1.47BFY25 $1.62B

Total Debt

-26.7% YoY

$481.8MFY 2025

FY22 $616.3MFY23 $826.1MFY24 $657.3MFY25 $481.8M

Op. Cash Flow

+41.3% YoY

$109.1MFY 2025

FY22 $104.9MFY23 $104.4MFY24 $77.2MFY25 $109.1M

Free Cash Flow

+73.3% YoY

$100.1MFY 2025

FY22 $84.6MFY23 $65.0MFY24 $57.8MFY25 $100.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.37B +16.9%	$1.17B -18.8%	$1.44B +3.3%	$1.40B +32.2%	$1.06B -6.0%	$1.12B
Net Income	$25.4M +148.4%	$-52.5M +72.0%	$-187.5M -381.8%	$66.6M +212.3%	$21.3M +1964.4%	$-1.1M
Operating Income	$58.1M +217.8%	$18.3M +109.2%	$8.7M -87.0%	$67.2M +527.7%	$-15.7M -138.0%	$41.3M
EPS (Diluted)	$0.28 +128.0%	$-1.00 +72.6%	$-3.65 -399.2%	$1.22 +177.3%	$0.44 +4500.0%	$-0.01
Total Assets	$1.62B +9.7%	$1.47B -2.1%	$1.51B -4.2%	$1.57B +16.9%	$1.34B +71.0%	$786.6M
Total Debt	$481.8M -26.7%	$657.3M -20.4%	$826.1M +34.0%	$616.3M +57.6%	$391.2M +100.0%	$195.6M
Operating Cash Flow	$109.1M +41.3%	$77.2M -26.1%	$104.4M -0.5%	$104.9M -31.6%	$153.3M +75.9%	$87.2M
Free Cash Flow	$100.1M +73.3%	$57.8M -11.1%	$65.0M -23.2%	$84.6M -38.1%	$136.7M +149.6%	$54.8M

AI Insight: PENG Financial Trends

Revenue surged 40% to $479M in Q2 2026, but operating cash flow collapsed to -$75M amid debt reaccumulation.

• Revenue growth accelerated sharply: $343M (Q1 2026) to $479M (Q2 2026), a 40% quarter-over-quarter jump.

• Operating income nearly doubled from $26M (Q1 2026) to $51M (Q2 2026), demonstrating margin expansion.

• Total debt rebounded from $443M (Q1 2026) to $592M (Q2 2026), reversing 6 quarters of deleveraging.

⚠ Operating cash flow swung negative -$75M in Q2 2026 after positive $55M in Q1 2026—quality-of-earnings concern.

⚠ Debt-to-equity ratio deteriorated to 1.35x (Q2 2026) from 1.12x (Q1 2026), negating recent deleveraging progress.

AI Insight: PENG Ratio Trends

Operating margin nearly quadrupled from Q3 2024 lows to 10.6% in Q2 2026; ROIC surged to 19.7%, signaling structural profitability improvement.

• OpMargin expanded from 2.8% (Q3 2024) to 10.6% (Q2 2026); NPM jumped to 9.3% vs. -7.9% two years prior.

• ROIC climbed from 3.4% (Q3 2024) to 19.7% (Q2 2026), with consistent gains across all efficiency metrics.

• D/E improved to 1.12 in Q1 2026, down from 1.68 in Q3 2024, reflecting deleveraging alongside margin expansion.

⚠ Q2 2026 D/E rose to 1.35 from 1.12 in prior quarter—first material leverage increase in 18 months; monitor debt trends.

⚠ ROA remains modest at 8.2% despite OpMargin strength; asset efficiency gains have not fully materialized.

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Available Research

13F Pro tracks comprehensive data for Penguin Solutions, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PENG

BlackRock, Inc.
$581.7M7,652,384 sh
FMR LLC
$468.7M6,166,682 sh
Invesco Ltd.
$346.1M4,553,215 sh
LINDEN ADVISORS LP
$277.4M97,869,000 sh
STATE STREET CORP
$237.8M3,128,616 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$226.9M2,984,926 sh
DIMENSIONAL FUND ADVISORS LP
$181.9M2,393,508 sh
VANGUARD CAPITAL MANAGEMENT LLC
$160.5M2,111,433 sh
BARROW HANLEY MEWHINNEY & STRAUSS LLC
$150.2M1,975,948 sh
AMERICAN CENTURY COMPANIES INC
$149.1M1,962,105 sh

Fund	Value	Shares
BlackRock, Inc.	$581.7M	7,652,384
FMR LLC	$468.7M	6,166,682
Invesco Ltd.	$346.1M	4,553,215
LINDEN ADVISORS LP	$277.4M	97,869,000
STATE STREET CORP	$237.8M	3,128,616
VANGUARD PORTFOLIO MANAGEMENT LLC	$226.9M	2,984,926
DIMENSIONAL FUND ADVISORS LP	$181.9M	2,393,508
VANGUARD CAPITAL MANAGEMENT LLC	$160.5M	2,111,433
BARROW HANLEY MEWHINNEY & STRAUSS LLC	$150.2M	1,975,948
AMERICAN CENTURY COMPANIES INC	$149.1M	1,962,105

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Is PENG a good stock to buy?

13F Pro's AI-powered analysis of Penguin Solutions, Inc. (PENG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PENG are available on the PENG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PENG is classified as a mid company.

Which hedge funds own PENG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PENG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Penguin Solutions, Inc.'s investment landscape.