United States was Penguin Solutions’s largest region in fiscal 2025, bringing in $776.51M of $1.37B (57%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ship-To-Regions Brazil | — | — | — | — | |||||||
| United States | $705.40M | $877.42M | $672.75M | $776.51M | |||||||
| U.S | — | — | — | — | |||||||
| Brazil | — | — | — | — | |||||||
| China | $309.18M | $192.10M | $190.65M | $186.85M | |||||||
| C N | — | — | — | — | |||||||
| Other | $265.02M | $247.71M | $165.79M | $161.14M | |||||||
| Asia | — | — | — | — | |||||||
| Europe | $116.28M | $114.12M | $114.30M | $97.00M | |||||||
| Mexico | — | $9.90M | $27.30M | $147.30M | |||||||
| Other Americas | — | — | — | — | |||||||
| Total | $1.40B | $1.44B | $1.17B | $1.37B |
Penguin Solutions brought in $1.37B from its five regions in fiscal 2025, the year ended August 29, 2025. That was up 16.9% from $1.17B in fiscal 2024. United States was the largest at $776.51M (56.7%), ahead of China at $186.85M (13.7%) and Other at $161.14M (11.8%). The other two regions brought in $244.30M combined.
Compared with fiscal 2024, Mexico grew fastest, up 439.5% to $147.30M, while Europe fell the most, down 15.1% to $97.00M.
Penguin Solutions began breaking out Mexico in fiscal 2023, when it brought in $9.90M.
Advanced Computing was Penguin Solutions’s largest segment in fiscal 2025, bringing in $648.42M of $1.37B (47%).
| Segment | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Memory Solutions | — | — | — | — | |||
| Advanced Computing | $440.99M | $749.71M | $554.55M | $648.42M | |||
| Integrated Memory | $551.71M | $443.26M | $356.43M | $464.25M | |||
| Intelligent Platform Solutions | — | — | — | — | |||
| Optimized Led | $403.19M | $248.28M | $259.82M | $256.13M | |||
| Led Solutions | — | — | — | — | |||
| Total | $1.40B | $1.44B | $1.17B | $1.37B |
Penguin Solutions brought in $1.37B from its three segments in fiscal 2025, the year ended August 29, 2025. That was up 16.9% from $1.17B in fiscal 2024. Advanced Computing was the largest at $648.42M (47.4%), ahead of Integrated Memory at $464.25M (33.9%) and Optimized Led at $256.13M (18.7%).
Compared with fiscal 2024, Integrated Memory grew fastest, up 30.3% to $464.25M, while Optimized Led fell the most, down 1.4% to $256.13M. From fiscal 2022 to 2025, combined revenue from these segments fell from $1.40B to $1.37B, a compound annual decline of 0.7%. Advanced Computing's share of the total rose from 31.6% to 47.4%.
Products was Penguin Solutions’s largest product and service line in fiscal 2025, bringing in $1.10B of $1.37B (81%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Products | $1.25B | $1.19B | $925.83M | $1.10B | ||||||
| Products & Professional Services | — | — | — | — | ||||||
| Product | — | — | — | — | ||||||
| Product Net Sales | — | — | — | — | ||||||
| Services | $148.41M | $248.36M | $244.97M | $264.24M | ||||||
| Logistics Services | — | — | — | — | ||||||
| Service | — | — | — | — | ||||||
| Service Revenue, Net | — | — | — | — | ||||||
| Total | $1.40B | $1.44B | $1.17B | $1.37B |
Penguin Solutions brought in $1.37B from its two product and service lines in fiscal 2025, the year ended August 29, 2025. That was up 16.9% from $1.17B in fiscal 2024. Products was the largest at $1.10B (80.7%), ahead of Services at $264.24M (19.3%).
Compared with fiscal 2024, Products grew 19.3% to $1.10B and Services grew 7.9% to $264.24M. From fiscal 2022 to 2025, combined revenue from these lines fell from $1.40B to $1.37B, a compound annual decline of 0.7%. Products' share of the total fell from 89.4% to 80.7%.
Penguin Solutions (PENG) reports its revenue by geography, by segment and by product and service. In fiscal 2025, United States was its largest region, bringing in $776.51M (56.7% of the total), followed by China at $186.85M (13.7%).
United States was Penguin Solutions' largest region in fiscal 2025, bringing in $776.51M, or 56.7% of the $1.37B total across its five regions.
Advanced Computing was Penguin Solutions' largest segment in fiscal 2025, bringing in $648.42M, or 47.4% of the $1.37B total across its three segments.
Products was Penguin Solutions' largest product and service line in fiscal 2025, bringing in $1.10B, or 80.7% of the $1.37B total across its two product and service lines.
Among Penguin Solutions' regions that make up at least 2% of revenue, Mexico grew fastest in fiscal 2025, up 439.5% from $27.30M to $147.30M.
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.