Penguin Solutions (PENG) Operating Expenses (2016 - 2026)
Penguin Solutions' (PENG) quarterly Operating Expenses came in at $82.4 million in Q2 2026, down 3.39% year-over-year from $85.2 million in Q2 2025, and up 21.08% quarter-over-quarter from $68.0 million in Q1 2026.
Analysis
Penguin Solutions (PENG) Operating Expenses (2016 - 2026) Analysis & Trends
Penguin Solutions (PENG) has reported Operating Expenses for 11 consecutive years, with $82.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 3.39% year-over-year to $82.4 million in Q2 2026; TTM through May 2026 was $311.2 million, a 5.75% decrease from a year earlier, with the FY2025 full-year figure at $336.1 million, up 4.24% from the prior year.
- Operating Expenses was $82.4 million for Q2 2026 at Penguin Solutions, up from $68.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $113.1 million in Q1 2023 and troughed at $61.4 million in Q3 2022.
- A 5-year average of $84.9 million and a median of $83.3 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 136.72% in 2022, down 29.06% in 2022.
- Over 5 years, Operating Expenses stood at $97.3 million in 2022, then fell by 16.15% to $81.5 million in 2023, then retreated by 1.34% to $80.5 million in 2024, then declined by 4.88% to $76.5 million in 2025, then rose by 7.61% to $82.4 million in 2026.
- The last three Operating Expenses figures came in at $82.4 million (Q2 2026), $68.0 million (Q1 2026), and $76.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 4.45 Bn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 532.30 Mn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 545.00 Mn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 2.07 Bn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 465.00 Mn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 10.82 Bn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 935.00 Mn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 748.23 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 454.57 Mn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 82.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 29, 2026 | 82.35 Mn |
| Feb 27, 2026 | 68.01 Mn |
| Nov 28, 2025 | 76.53 Mn |
| Aug 29, 2025 | 84.28 Mn |
| May 30, 2025 | 85.24 Mn |
| Feb 28, 2025 | 86.16 Mn |
| Nov 29, 2024 | 80.46 Mn |
| Aug 30, 2024 | 78.30 Mn |
| May 31, 2024 | 77.40 Mn |
| Mar 1, 2024 | 85.25 Mn |
| Dec 1, 2023 | 81.55 Mn |
| Aug 25, 2023 | 93.22 Mn |
| May 26, 2023 | 102.87 Mn |
| Feb 24, 2023 | 113.09 Mn |
| Nov 25, 2022 | 97.25 Mn |
| Aug 26, 2022 | 61.40 Mn |
| May 27, 2022 | 79.15 Mn |
| Feb 25, 2022 | 95.91 Mn |
| Nov 26, 2021 | 87.41 Mn |
| Aug 27, 2021 | 86.55 Mn |