Penguin Solutions, Inc. (PENG) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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PENG Revenue Growth
Revenue Breakdown (FY 2024)
PENG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PENG Revenue Analysis (2015–2025)
As of May 8, 2026, Penguin Solutions, Inc. (PENG) generated trailing twelve-month (TTM) revenue of $1.37 billion, reflecting modest growth of +0.6% year-over-year. The most recent quarter (Q1 2026) recorded $343.1 million in revenue, up 1.5% sequentially.
Looking at the longer-term picture, PENG's 5-year compound annual growth rate (CAGR) stands at +4.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.44 billion in 2023.
Revenue diversification analysis shows PENG's business is primarily driven by Product (79%), and Service (21%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SMCI (+56.2% YoY), ATEN (+12.1% YoY), and ITRN (+6.8% YoY), PENG has underperformed the peer group in terms of revenue growth. Compare PENG vs SMCI →
PENG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PENGCurrent | $1.4B | +0.6% | +4.0% | 5.4% | |
 SMCI | $22.0B | +56.2% | +45.8% | 5.7% | |
 ATEN | $291M | +12.1% | +5.2% | 16.2% | |
 ITRN | $359M | +6.8% | +7.9% | 21.4% | |
 MTSI | $967M | +27.0% | +12.8% | 13.4% | |
 HPE | $34.3B | +14.9% | +4.9% | 4.8% |
PENG Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.37B | +16.9% | $394.3M | 28.8% | $74.2M | 5.4% |
| 2024 | $1.17B | -18.8% | $342.9M | 29.3% | $18.3M | 1.6% |
| 2023 | $1.44B | +3.3% | $415.2M | 28.8% | $8.7M | 0.6% |
| 2022 | $1.40B | +32.2% | $391.0M | 28.0% | $67.2M | 4.8% |
| 2021 | $1.06B | -6.0% | $238.0M | 22.5% | $-15,706,000 | -1.5% |
| 2020 | $1.12B | -7.4% | $216.4M | 19.3% | $41.3M | 3.7% |
| 2019 | $1.21B | -6.0% | $237.5M | 19.6% | $89.1M | 7.3% |
| 2018 | $1.29B | +69.3% | $291.6M | 22.6% | $170.2M | 13.2% |
| 2017 | $761.3M | +42.5% | $162.3M | 21.3% | $53.9M | 7.1% |
| 2016 | $534.4M | -16.9% | $106.9M | 20.0% | $6.2M | 1.2% |
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Start ComparisonPENG — Frequently Asked Questions
Quick answers to the most common questions about buying PENG stock.
Is PENG's revenue growth accelerating or slowing?
PENG revenue growth slowed to +0.6%, below the 5-year CAGR of +4.0%. TTM revenue is $1.4B. The deceleration marks a shift from historical growth rates.
What is PENG's long-term revenue growth rate?
Penguin Solutions, Inc.'s 5-year revenue CAGR of +4.0% reflects the variable expansion pattern. Current YoY growth of +0.6% is near this long-term average.
How is PENG's revenue distributed by segment?
PENG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.