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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 30, 2025
May 31, 2024
May 30, 2025
May 31, 2024
Total net sales $ 324,251 $ 300,580 $ 1,030,872 $ 859,648
Total cost of sales 229,168 211,674 733,329 605,958
Gross profit 95,083 88,906 297,543 253,690
Operating expenses:        
Research and development 20,222 19,681 59,940 61,596
Selling, general and administrative 59,724 57,249 179,575 175,851
Impairment of goodwill 5,294 0 11,373 0
Other operating expense 0 465 968 6,739
Total operating expenses 85,240 77,395 251,856 244,186
Operating income (loss) 9,843 11,511 45,687 9,504
Non-operating (income) expense:        
Interest expense, net 573 6,167 7,152 22,975
Other non-operating (income) expense (1,439) 441 (1,012) 113
Total non-operating (income) expense (866) 6,608 6,140 23,088
Income (loss) before taxes 10,709 4,903 39,547 (13,584)
Income tax provision (benefit) 7,259 (1,323) 21,262 4,409
Net income (loss) from continuing operations 3,450 6,226 18,285 (17,993)
Net loss from discontinued operations 0 0 0 (8,148)
Net income (loss) 3,450 6,226 18,285 (26,141)
Net income attributable to noncontrolling interest 789 610 2,325 1,784
Net income (loss) attributable to Penguin Solutions 2,661 5,616 15,960 (27,925)
Preferred share dividends 3,033 0 5,633 0
Income available for distribution (372) 5,616 10,327 (27,925)
Income allocated to participating securities 0 0 678 0
Net income (loss) available to ordinary shareholders $ (372) $ 5,616 $ 9,649 $ (27,925)
Basic earnings (loss) per ordinary share:        
Continuing Operations (in usd per share) $ (0.01) $ 0.11 $ 0.18 $ (0.38)
Discontinued Operations (in usd per share) 0 0 0 (0.15)
Basic (in usd per share) (0.01) 0.11 0.18 (0.53)
Diluted earnings (loss) per ordinary share:        
Continuing Operations (in usd per share) (0.01) 0.10 0.18 (0.38)
Discontinued Operations (in usd per share) 0 0 0 (0.15)
Diluted (in usd per share) $ (0.01) $ 0.10 $ 0.18 $ (0.53)
Ordinary shares used in per share calculations:        
Basic (in shares) 53,130 52,570 53,355 52,219
Diluted (in shares) 53,738 54,283 54,336 52,219
Products        
Total net sales $ 258,735 $ 233,105 $ 830,474 $ 674,992
Total cost of sales 200,081 182,517 648,828 525,819
Services        
Total net sales 65,516 67,475 200,398 184,656
Total cost of sales $ 29,087 $ 29,157 $ 84,501 $ 80,139