v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 28, 2026
Aug. 29, 2025
Assets    
Cash and cash equivalents $ 647,208 $ 453,754
Accounts receivable, net (including $683 and $— due from related party as of August 28, 2026 and August 29, 2025, respectively) 796,264 307,904
Inventories 748,785 255,182
Other current assets 56,249 47,387
Total current assets 2,248,506 1,064,227
Property and equipment, net 84,244 92,603
Operating lease right-of-use assets 54,237 58,847
Intangible assets, net 59,856 87,754
Goodwill 145,895 145,895
Deferred tax assets 173,389 99,107
Other noncurrent assets 12,007 68,767
Total assets 2,778,134 1,617,200
Liabilities, Temporary Equity and Stockholders' Equity    
Accounts payable and accrued expenses 890,476 318,761
Current debt 53,418 19,945
Deferred revenue 123,283 73,893
Other current liabilities 128,770 61,300
Total current liabilities 1,195,947 473,899
Long-term debt 735,532 441,893
Noncurrent operating lease liabilities 57,896 62,736
Other noncurrent liabilities 48,863 30,445
Total liabilities 2,038,238 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 August 28, 2026 and August 29, 2025. Redemption amount of $200,400 and $200,500 as of August 28, 2026 and August 29, 2025 202,710 202,710
Penguin Solutions stockholders’ equity:    
Common stock, $0.03 par value; authorized 200,000 shares; 73,827 shares issued and 60,171 shares outstanding as of August 28, 2026; 62,756 shares issued and 52,738 shares outstanding as of August 29, 2025 2,215 1,883
Additional paid-in capital 583,628 551,712
Retained earnings 215,191 46,709
Treasury stock, 13,656 shares and 10,018 shares held as of August 28, 2026 and August 29, 2025, respectively (280,503) (206,076)
Accumulated other comprehensive income 211 18
Total Penguin Solutions stockholders’ equity 520,742 394,246
Noncontrolling interest in subsidiary 16,444 11,271
Total stockholders' equity 537,186 405,517
Total liabilities, temporary equity and stockholders' equity $ 2,778,134 $ 1,617,200