China was Penguin Solutions’s largest region in fiscal 2025, bringing in $186.85M of $334.15M (56%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ship-To-Regions Brazil | — | — | — | |||||||
| Brazil | — | — | — | |||||||
| United States | $877.42M | $672.75M | — | |||||||
| U.S | — | — | — | |||||||
| Asia | — | — | — | |||||||
| China | $192.10M | $190.65M | $186.85M | |||||||
| C N | — | — | — | |||||||
| Other | $247.71M | $165.79M | — | |||||||
| Europe | $114.12M | $114.30M | — | |||||||
| Mexico | $9.90M | $27.30M | $147.30M | |||||||
| Other Americas | — | — | — | |||||||
| Total | $1.44B | $1.17B | $334.15M |
Penguin Solutions brought in $334.15M from its two regions in fiscal 2025, the year ended August 29, 2025. Penguin Solutions regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $1.17B. China was the largest at $186.85M (55.9%), ahead of Mexico at $147.30M (44.1%).
Compared with fiscal 2024, Mexico grew 439.5% to $147.30M, while China fell 2.0% to $186.85M.
Penguin Solutions stopped reporting United States ($672.75M in fiscal 2024), Other ($165.79M in fiscal 2024) and Europe ($114.30M in fiscal 2024) as separate regions.
Products was Penguin Solutions’s largest revenue line in fiscal 2024, bringing in $925.83M of $1.17B (79%).
| Related and Nonrelated Parties | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Products | $959.29M | $1.19B | $925.83M | |||||
| Products & Professional Services | — | — | — | |||||
| Product | — | — | — | |||||
| Product Net Sales | — | — | — | |||||
| Services | $96.24M | $248.36M | $244.97M | |||||
| Logistics Services | — | — | — | |||||
| Service | — | — | — | |||||
| Service Revenue, Net | — | — | — | |||||
| Total | $1.06B | $1.44B | $1.17B |
Penguin Solutions brought in $1.17B from its two revenue lines in fiscal 2024, the year ended August 30, 2024. That was down 18.8% from $1.44B in fiscal 2023. Products was the largest at $925.83M (79.1%), ahead of Services at $244.97M (20.9%).
Compared with fiscal 2023, Services fell 1.4% to $244.97M and Products fell 22.4% to $925.83M. From fiscal 2021 to 2024, combined revenue from these revenue lines grew from $1.06B to $1.17B, a compound annual growth rate of 3.5%. Products' share of the total fell from 90.9% to 79.1%.
Advanced Computing was Penguin Solutions’s largest segment in fiscal 2024, bringing in $554.55M of $1.17B (47%).
| Statement Business Segments | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Memory Solutions | $486.21M | — | — | ||
| Advanced Computing | — | $749.71M | $554.55M | ||
| Integrated Memory | — | $443.26M | $356.43M | ||
| Intelligent Platform Solutions | $344.76M | — | — | ||
| Optimized Led | — | $248.28M | $259.82M | ||
| Led Solutions | $224.57M | — | — | ||
| Total | $1.06B | $1.44B | $1.17B |
Penguin Solutions brought in $1.17B from its three segments in fiscal 2024, the year ended August 30, 2024. That was down 18.8% from $1.44B in fiscal 2023. Advanced Computing was the largest at $554.55M (47.4%), ahead of Integrated Memory at $356.43M (30.4%) and Optimized Led at $259.82M (22.2%).
Compared with fiscal 2023, Optimized Led grew fastest, up 4.6% to $259.82M, while Advanced Computing fell the most, down 26.0% to $554.55M.
Penguin Solutions began breaking out Advanced Computing in fiscal 2023, Integrated Memory in fiscal 2023 and Optimized Led in fiscal 2023. Penguin Solutions stopped reporting Memory Solutions ($486.21M in fiscal 2021), Intelligent Platform Solutions ($344.76M in fiscal 2021) and Led Solutions ($224.57M in fiscal 2021) as separate segments.
Penguin Solutions (PENG) reports its revenue by geography, by related and nonrelated parties and by statement business segments. In fiscal 2025, China was its largest region, bringing in $186.85M (55.9% of the total), followed by Mexico at $147.30M (44.1%).
China was Penguin Solutions' largest region in fiscal 2025, bringing in $186.85M, or 55.9% of the $334.15M total across its two regions.
Products was Penguin Solutions' largest revenue line in fiscal 2024, bringing in $925.83M, or 79.1% of the $1.17B total across its two revenue lines.
Advanced Computing was Penguin Solutions' largest segment in fiscal 2024, bringing in $554.55M, or 47.4% of the $1.17B total across its three segments.
Among Penguin Solutions' segments that make up at least 2% of revenue, Optimized Led grew fastest in fiscal 2024, up 4.6% from $248.28M to $259.82M.
Every figure comes from Penguin Solutions' annual financial filings, as reported. Each line keeps the name Penguin Solutions gives it, and years follow its fiscal calendar.
Penguin Solutions' revenue by geography goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.