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				Nine Months Ended
	May 29, 2026		May 30, 2025		May 29, 2026		May 30, 2025
Net income attributable to Penguin Solutions – Basic and Diluted	$	44,689	$	2,661	$	87,411	$	15,960


Less: Preferred stock dividends	3,033		3,033		9,099		5,633
Income available for distribution	41,656		(372)		78,312		10,327
Income allocated to participating securities	4,448		—		8,210		678
Net income available to common stockholders	$	37,208	$	(372)	$	70,102	$	9,649

Weighted-average shares outstanding – Basic	50,998		53,130		52,051		53,355
Dilutive effect of equity plans and Convertible Senior Notes	4,065		608		2,514		981
Weighted-average shares outstanding – Diluted	55,063		53,738		54,565		54,336

Earnings (loss) per common share:
Basic	$	0.73	$	(0.01)	$	1.35	$	0.18





Diluted	$	0.68	$	(0.01)	$	1.29	$	0.18



Unweighted anti-dilutive shares:
Equity plans	1,283		1,608		898		1,295

Preferred stock	6,096		6,096		6,096		6,096
	7,379		7,704		6,994		7,391