Penguin Solutions (PENG) Cost of Revenue (2016 - 2026)

Penguin Solutions (PENG) has reported Cost of Revenue for 11 consecutive years, with $345.5 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 50.76% year-over-year to $345.5 million in Q2 2026; TTM through May 2026 was $1.1 billion, a 13.11% increase from a year earlier, with the FY2025 full-year figure at $974.5 million, up 17.41% from the prior year.
• Cost of Revenue was $345.5 million for Q2 2026 at Penguin Solutions, up from $249.3 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $348.1 million in Q2 2022 and troughed at -$27.4 million in Q3 2022.
• A 5-year average of $228.2 million and a median of $243.6 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue slumped 31.57% in 2023 and soared 6301.77% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $279.7 million in 2022, then tumbled by 31.57% to $191.4 million in 2023, then grew by 27.11% to $243.3 million in 2024, then increased by 1.51% to $247.0 million in 2025, then soared by 39.9% to $345.5 million in 2026.
• The last three Cost of Revenue figures came in at $345.5 million (Q2 2026), $249.3 million (Q1 2026), and $247.0 million (Q4 2025), per Business Quant data.