Penguin Solutions Sees FY25 EPS $1.70 +/- $0.20; 15% YoY Revenue Growth +/- 5%

Business Outlook

As of October 15, 2024, Penguin Solutions is providing the following financial outlook for fiscal year 2025:

	GAAP Outlook	Adjustments		Non-GAAP Outlook
Net sales	15% YoY Growth +/- 5%	—		15% YoY Growth +/- 5%
Gross margin	30% +/- 1%	2%	(A)	32% +/- 1%
Operating expenses	$335 million +/- $15 million	($60) million	(B)(C)	$275 million +/- $15 million
Diluted earnings per share	$0.30 +/- $0.20	$1.40	(A)(B)(C)(D)	$1.70 +/- $0.20
Diluted shares	56.3 million	—		56.3 million