Penguin Solutions (PENG) Research & Development (2016 - 2026)
Penguin Solutions (PENG) recorded Research & Development of $21.98 million in fiscal Q3 2026 (quarter ended May 29, 2026), up 8.7% from $20.22 million a year earlier and up 15.9% from the prior quarter.
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Analysis
Penguin Solutions (PENG) Research & Development (2016 - 2026) Analysis & Trends
On a TTM basis, Penguin Solutions' Research & Development came in at $79.51 million as of May 29, 2026, down 0.5% year-over-year; for FY2025 (ended Aug 29, 2025), it was $79.8 million, down 2.1% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 8.9% (FY2020 to FY2025).
- Across earlier fiscal years, Research & Development came in at $81.54 million in FY2024 (-10.0%), $90.57 million in FY2023 (+16.9%), $77.47 million in FY2022 (+29.3%) and $59.93 million in FY2021 (+15.1%).
- The fiscal Q3 2026 figure is the highest quarterly Research & Development since fiscal Q2 2023.
- On a year-over-year basis, Research & Development rose in two of the last eight quarters, with an average decline of 1.8%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 241.1% in fiscal Q4 2021, against a decline of 24.4% in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $18.98 million (Q2 2026), $18.69 million (Q1 2026) and $19.86 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,825.63 Bn | 4,573.12 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 429.17 Bn | 365.10 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 346.69 Bn | 302.44 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Sandisk | 261.00 Bn | 249.52 Bn | 7.58 Bn | 348.00 Mn |
| 5 | Arista Networks | 257.88 Bn | 211.33 Bn | 1.91 Bn | 348.20 Mn |
| 6 | Seagate Technology Holdings | 214.45 Bn | 209.44 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 166.98 Bn | 155.11 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 144.46 Bn | 94.85 Bn | 6.53 Bn | - |
| 9 | Lumentum Holdings | 92.66 Bn | 84.47 Bn | 477.30 Mn | 104.40 Mn |
| 10 | Penguin Solutions | 2.82 Bn | 1.18 Bn | 133.21 Mn | 21.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 29, 2026 | 21.98 Mn |
| Feb 27, 2026 | 18.98 Mn |
| Nov 28, 2025 | 18.69 Mn |
| Aug 29, 2025 | 19.86 Mn |
| May 30, 2025 | 20.22 Mn |
| Feb 28, 2025 | 19.91 Mn |
| Nov 29, 2024 | 19.81 Mn |
| Aug 30, 2024 | 19.94 Mn |
| May 31, 2024 | 19.68 Mn |
| Mar 1, 2024 | 20.53 Mn |
| Dec 1, 2023 | 21.39 Mn |
| Aug 25, 2023 | 20.88 Mn |
| May 26, 2023 | 20.34 Mn |
| Feb 24, 2023 | 25.27 Mn |
| Nov 25, 2022 | 24.07 Mn |
| Aug 26, 2022 | 20.72 Mn |
| May 27, 2022 | 20.30 Mn |
| Feb 25, 2022 | 18.79 Mn |
| Nov 26, 2021 | 17.66 Mn |
| Aug 27, 2021 | 27.40 Mn |
API Access
Penguin Solutions Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=PENG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PENG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=PENG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();