v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 27, 2026
Aug. 29, 2025
Assets    
Cash and cash equivalents $ 489,172 $ 453,754
Inventories 322,360 255,182
Other current assets 56,301 47,387
Total current assets 1,238,442 1,064,227
Property and equipment, net 86,890 92,603
Operating lease right-of-use assets 56,630 58,847
Intangible assets, net 73,474 87,754
Goodwill 145,895 145,895
Deferred tax assets 99,078 99,107
Other noncurrent assets 49,348 68,767
Total assets 1,749,757 1,617,200
Liabilities, Temporary Equity and Stockholders' Equity    
Accounts payable and accrued expenses 454,503 318,761
Current debt 0 19,945
Deferred revenue 81,623 73,893
Other current liabilities 54,568 61,300
Total current liabilities 590,694 473,899
Long-term debt 442,777 441,893
Noncurrent operating lease liabilities 60,751 62,736
Other noncurrent liabilities 44,866 30,445
Total liabilities 1,139,088 1,008,973
Commitments and contingencies
Temporary equity    
Preferred stock, $0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of February 27, 2026 and August 29, 2025. Redemption amount of $200,366 and $200,500 as of February 27, 2026 and August 29, 2025, respectively 202,710 202,710
Penguin Solutions stockholders’ equity:    
Common stock, $0.03 par value; authorized 200,000 shares; 64,199 shares issued and 51,213 outstanding as of February 27, 2026; 62,756 shares issued and 52,738 outstanding as of August 29, 2025 1,926 1,883
Additional paid-in capital 572,719 551,712
Retained earnings 83,365 46,709
Treasury stock, 12,986 and 10,018 shares held as of February 27, 2026 and August 29, 2025, respectively (263,210) (206,076)
Accumulated other comprehensive income 14 18
Total Penguin Solutions stockholders’ equity 394,814 394,246
Noncontrolling interest in subsidiary 13,145 11,271
Total stockholders' equity 407,959 405,517
Total liabilities, temporary equity and stockholders' equity 1,749,757 1,617,200
Nonrelated Party    
Assets    
Accounts receivable, net 369,935 307,904
Related Party    
Assets    
Accounts receivable, net $ 674 $ 0