Penguin Solutions Posts Results
Published July 11, 2025
Penguin Solutions, Inc. (PENG) posted its third quarter results on Wednesday, July 8. The technology company’s stock fell over 8% following the release after reporting revenue that was below expectations.
The company’s revenue for the third quarter totaled $324.3 million. This was up 7.9% from revenue of $300.6 million during the same quarter last year but below analysts’ estimates of $328.8 million.
“We delivered solid third quarter results while executing against our strategic objectives,” said Penguin Solutions CEO, Mark Adams. “We also strengthened our balance sheet through a refinancing after the close of Q3, and we remain focused on developing our AI software and services capabilities, expanding go-to-market resources, and driving long-term value for our stockholders.”
Penguin Solutions reported a net loss of $2.7 million or $-0.01 per diluted share for the quarter. This was down from net income during the same quarter last year of $5.6 million or $0.10 per diluted share.
The Milpitas, California-based company, which designs, builds and manages large-scale AI infrastructure projects, reported mixed changes in revenue across its segments. Advanced Computing revenue came in at $132.5 million, a decrease from $145.0 million compared to this time last year. The company attributed the decline to the timing of a major deployment at a large hyperscale customer. The company’s Integrated Memory revenue grew 42% to $130.1 million while its Optimized LED segment experienced a slight decrease to $61.6 million. For the current fiscal year, the company expects net sales to increase by 17%, with a margin of plus or minus 2%.
Penguin Solutions, Inc. (PENG) shares ended the week at $14.10, up 15% for the week.
Delta Air Lines Reports Quarterly Earnings
Delta Air Lines, Inc. (DAL) reported second quarter earnings on Thursday, July 10. The Atlanta-based airline company reported better-than-expected earnings and revenue, causing its stock to rise approximately 10% after the release of the report.
The company posted revenues of $16.65 billion for the quarter that ended June 2025. This is down 10% from $16.66 billion in revenue during the second quarter of 2024 but exceeded analysts’ estimates of $16.41 billion.
“In the June quarter, Delta delivered record revenue on a 13% operating margin, generating $1.8 billion in pre-tax profit and leading network peers across key operational metrics,” said Delta CEO, Ed Bastian. “As we look to the second half of our centennial year, we remain focused on executing our strategic priorities and managing the levers within our control to deliver strong earnings and cash flow."
Delta reported net income of $2.13 billion or $3.27 per adjusted share. This was up from net income of $1.31 billion or $2.01 per adjusted share in the same quarter last year.
Delta Air Line’s second quarter earnings were highlighted by record quarterly revenue. Domestic travel revenue decreased by 1% to $9.3 billion during the quarter. International passenger revenue jumped 2% as transatlantic travel remains strong and Delta increased its transpacific network capacity. Delta’s total passenger revenue was $13.9 billion, relatively unchanged from the prior year. The company updated its full-year fiscal 2025 guidance and expects adjusted earnings per share between $5.25 to $6.25.
Delta Air Lines, Inc. (DAL) shares ended the week at $11.82, up 12% for the week.
Conagra Brands Announces Revenue
Conagra Brands, Inc. (CAG) announced its fourth quarter and full year earnings on Thursday, July 10. After reporting a decline in revenue, shares in the packaged foods company fell by 5% following the release.
The company reported revenue of $2.78 billion during the second quarter. This was a decrease in revenue from $2.91 billion in the same quarter last year and just below analysts’ estimates of $2.83 billion. For the full year, revenue came in at $11.61 billion, down almost 4% from $12.05 billion in the previous fiscal year.
“I am proud of the Conagra team for their hard work throughout fiscal 2025 as we navigated an environment that proved to be more challenging than we anticipated,” said Conagra CEO, Sean Connolly. “In fiscal 2026, we expect elevated inflation and macroeconomic uncertainty to persist but remain focused on proactively managing the business by investing in our high-potential frozen and snacks domains, prioritizing volume strength, and further enhancing supply chain resiliency while continuing disciplined cost management and focus on cash flow.”
For the quarter, Conagra reported a net income of $256.0 million or $0.53 per diluted share. This is an increase from a net loss of $567.3 million or $1.18 per diluted share at the same time last year. For the full year, the company reported net income of $1.15 billion, an improvement from net income of $347.2 million reported last year.
Conagra, which holds popular brands such as Duncan Hines, Healthy Choice and Birds Eye, reported that organic net sales decreased 3.5% due to, among other things, lower consumption trends. The company’s Grocery and Snacks segment accounted for $1.2 billion, a 2.1% decrease in net sales during the quarter. Conagra’s Refrigerated and Frozen segment decreased 4.4% to $1.1 billion in the quarter while Foodservice decreased 4.0% to $280 million. The company issued its fiscal 2026 outlook and expects organic net sales to range from a decline of 1% to an increase of 1%, with adjusted earnings per share between $1.70 to $1.85.
Conagra Brands, Inc. (CAG) shares ended the week at $19.40, down 8% for the week.
The Dow started the week of 7/7 at 44,803 and closed at 44.372 on 7/11. The S&P 500 started the week at 6,259 and closed at 6,260. The NASDAQ started the week at 20,491 and closed at 20,586.
