| Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited) The table below sets forth selected quarterly financial data from our continuing operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q4-26 | Q3-26 | Q2-26 | Q1-26 | | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | | | | | | | Net sales | $ | 566,685 | | $ | 478,713 | | $ | 342,999 | | $ | 343,071 | | | $ | 337,922 | | $ | 324,251 | | $ | 365,519 | | $ | 341,102 | | | | | | | | Gross profit | 155,900 | | 133,214 | | 93,702 | | 96,109 | | | 96,731 | | 95,083 | | 104,648 | | 97,812 | | | | | | | Operating income | 69,462 | | 50,863 | | 25,689 | | 19,582 | | | 12,448 | | 9,843 | | 18,488 | | 17,356 | | | | | | | Net income attributable to Penguin Solutions | 93,204 | | 44,689 | | 37,452 | | 5,270 | | | 9,431 | | 2,661 | | 8,082 | | 5,217 | | | | | | | | | | | | | | | | | | | | | | | Preferred stock dividends | 3,034 | | 3,033 | | 3,033 | | 3,033 | | | 3,034 | | 3,033 | | 2,600 | | — | | | | | | | | Income available for distribution | 90,170 | | 41,656 | | 34,419 | | 2,237 | | | 6,397 | | (372) | | 5,482 | | 5,217 | | | | | | | | Income allocated to participating securities | 8,903 | | 4,448 | | 3,594 | | 231 | | | 666 | | — | | 482 | | — | | | | | | | | Net income available to common stockholders | 81,267 | | 37,208 | | 30,825 | | 2,006 | | | 5,731 | | (372) | | 5,000 | | 5,217 | | | | | | | | | | | | | | | | | | | | | | | Earnings (loss) per share: | | | | | | | | | | | | | | | | Basic | $ | 1.46 | | $ | 0.73 | | $ | 0.59 | | $ | 0.04 | | | $ | 0.11 | | $ | (0.01) | | $ | 0.09 | | $ | 0.10 | | | | | | | | Diluted | $ | 1.29 | | $ | 0.68 | | $ | 0.58 | | $ | 0.04 | | | $ | 0.11 | | $ | (0.01) | | $ | 0.09 | | $ | 0.10 | | | | | | | | Shares used in per share calculations: | | | | | | | | | | | | | | | | Basic | 55,645 | | 50,998 | | 52,283 | | 52,900 | | | 52,553 | | 53,130 | | 53,454 | | 53,482 | | | | | | | | Diluted | 64,040 | | 55,063 | | 53,186 | | 54,991 | | | 54,371 | | 53,738 | | 54,384 | | 54,312 | | | | | | |
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