04:29 PM EDT, 07/08/2025 (MT Newswires) -- Penguin Solutions ( PENG ) reported Q3 non-GAAP earnings Tuesday of $0.47 per diluted share, up from $0.37 a year earlier.

Analysts polled by FactSet expected $0.32.

Net sales for the quarter ended May 30 were $324.3 million, up from $300.6 million a year earlier.

Analysts surveyed by FactSet expected $328.1 million.

The company expects fiscal 2025 non-GAAP diluted EPS of $1.80, plus or minus $0.05. The previous outlook was $1.60, plus or minus $0.10.

Analysts polled by FactSet expect $1.62.

The company's shares were falling past 7% in recent after-hours activity.