The following table summarizes the computation of basic and diluted EPS under the two-class or if-converted method in applicable periods, as well as the anti-dilutive shares excluded:


	Three Months Ended				Six Months Ended
	February 27, 2026		February 28, 2025		February 27, 2026		February 28, 2025
Net income (loss) attributable to Penguin Solutions – Basic and Diluted	$	37,452	$	8,082	$	42,722	$	13,299


Less: Preferred stock dividends	3,033		2,600		6,066		2,600
Income available for distribution	34,419		5,482		36,656		10,699
Income allocated to participating securities	3,594		482		3,808		492
Net income available to common stockholders	$	30,825	$	5,000	$	32,848	$	10,207

Weighted-average shares outstanding – Basic	52,283		53,454		52,592		53,468
Dilutive effect of equity plans and Convertible Senior Notes	903		930		1,439		1,016
Weighted-average shares outstanding – Diluted	53,186		54,384		54,031		54,484

Earnings (loss) per share:
Basic	$	0.59	$	0.09	$	0.62	$	0.19





Diluted	$	0.58	$	0.09	$	0.61	$	0.19



Unweighted anti-dilutive shares:
Equity plans	1,035		1,049		522		1,528
Convertible Senior Notes	—		—		—		—
Preferred stock	6,096		6,096		6,096		6,096
	7,131		7,145		6,618		7,624