04:32 PM EST, 01/08/2025 (MT Newswires) -- Penguin Solutions ( PENG ) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.49 per diluted share, up from $0.24 a year earlier.

Analysts surveyed by FactSet expected $0.39.

Net sales for the quarter ended Nov. 29 were $341.1 million, up from $274.2 million a year earlier. Analysts surveyed by FactSet expected $320 million.

The company said it expects fiscal 2025 non-GAAP diluted EPS of $1.50, plus or minus $0.20. Analysts expect $1.65.

Shares of Penguin Solutions ( PENG ) were up nearly 8% in after-hours activity.