Penguin Solutions reported strong financial results for the second quarter of fiscal 2025 on April 2, 2025, with total net sales of $365.519 million. This represents a 28% increase compared to $284.821 million in the year-ago quarter.
The Advanced Computing segment revenue grew by 42% year-over-year to $200.157 million, and Integrated Memory revenue increased by 26% year-over-year to $105.260 million. The company ended the quarter with $647 million in cash and cash equivalents, up from $394 million in the prior quarter.
Non-GAAP diluted earnings per share for Q2 FY25 was $0.52, a significant increase from $0.27 in Q2 FY24. Based on this performance, Penguin Solutions raised the midpoint of its full-year fiscal 2025 revenue outlook to 17% year-over-year growth and increased its non-GAAP diluted EPS outlook to $1.60 +/- $0.10.
In a separate announcement, Jack Pacheco, Executive Vice President, Chief Operating Officer, and President of Integrated Memory, is expected to retire from the company on December 31, 2025. Penguin Solutions has initiated a succession planning process to ensure a smooth transition of his responsibilities.
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