Penguin Solutions, Inc.
PENG Technology Information Technology Services
Penguin Solutions, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $1.7 billion, up 26.5% from fiscal 2025. In the quarter to August 2026, revenue grew 67.7%, EPS grew 1,452.2%, free cash flow fell 128.2% and total debt rose 70.8%, each against the same quarter a year earlier.
Follow PENG
Penguin Solutions, Inc. (PENG) Beneish M-score
Penguin Solutions, Inc.'s Beneish M-score for fiscal 2026 is −0.88; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −0.88 | 1.64 |
| FY2025 | −2.52 | 0.06 |
| FY2024 | −2.58 | 0.43 |
| FY2023 | −3.01 | (0.36) |
| FY2022 | −2.65 | 0.22 |
| FY2021 | −2.86 | 0.23 |
| FY2020 | −3.10 | (0.11) |
| FY2019 | −2.98 | (1.30) |
| FY2018 | −1.68 | 0.55 |
| FY2017 | −2.24 | 0.72 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 2.04 | — | 1.88 | |
| Gross margin index | 1.04 | — | 0.55 | |
| Asset quality index | 0.56 | — | 0.23 | |
| Sales growth index | 1.26 | — | 1.13 | |
| Depreciation index | 1.17 | — | 0.13 | |
| SG&A index | 0.73 | — | −0.13 | |
| Total accruals to total assets | 0.12 | — | 0.57 | |
| Leverage index | 1.23 | — | −0.40 | |
| Beneish M-score | Flagged by the model | −0.88 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| CIFR Cipher Digital Inc. compare | −5.0× |
| SAIC Science Applications International Corporation compare | −2.9× |
| KD Kyndryl Holdings, Inc. compare | −2.8× |
| G Genpact Limited compare | −2.7× |
| EPAM EPAM Systems, Inc. compare | −2.7× |
| EXLS ExlService Holdings, Inc. compare | −2.7× |
| PSN Parsons Corporation compare | −2.7× |
| PENG Penguin Solutions, Inc. | −0.9× |
| CHRN ChronoScale Holdings Corporation compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI