04:38 PM EDT, 04/02/2025 (MT Newswires) -- Penguin Solutions ( PENG ) reported fiscal Q2 non-GAAP earnings late Wednesday of $0.52 per diluted share, up from $0.27 a year earlier.

Analysts polled by FactSet expected $0.38.

Net sales for the quarter ended Feb. 28 were $365.5 million, up from $284.8 million a year earlier.

Analysts surveyed by FactSet expected $344.7 million.

The company said it expects fiscal 2025 non-GAAP diluted EPS of $1.60, plus or minus $0.10, versus prior outlook of $1.50, plus or minus $0.20. Analysts surveyed by FactSet expect $1.58. The company also expects net sales growth for the year of 17%, plus or minus 3%, versus prior growth guidance of 15%, plus or minus 5%.

Shares of Penguin Solutions ( PENG ) were up 6.9% in after-hours activity.

Price: 19.29, Change: +1.24, Percent Change: +6.87