Penguin Solutions CFO Olmstead to depart July 8; reaffirms FY2026 guidance

Nate Olmstead is stepping down as CFO on July 8, 2026, with VP Aaron Johnson assuming interim role while the company searches for a permanent replacement. Penguin Solutions reaffirmed full-year fiscal 2026 outlook with net sales and diluted EPS expected at the high end of guidance range, driven by strong agentic AI-driven customer demand.