CFO Nate Olmstead to Resign; Company Reaffirms FY2026 Outlook at High End of Range

Penguin Solutions, Inc. announced the resignation of its Senior Vice President and CFO, Nate Olmstead, effective July 8, 2026. The company appointed Aaron Johnson as interim CFO, effective July 9, 2026. Concurrently, the company reaffirmed its full-year fiscal 2026 financial outlook, expecting both net sales and diluted EPS to be at the high end of its previously issued ranges.

Key Details

• CFO Transition: Nate Olmstead will resign effective July 8, 2026. Aaron Johnson, current VP of Finance and Accounting, will assume the role of interim CFO on July 9, 2026. A search for a permanent CFO has been initiated.
• FY2026 Outlook Reaffirmed: The company expects net sales and diluted EPS for the full fiscal year 2026 to be at the high end of its prior guidance, driven by strong agentic AI-driven customer demand.
• Reason for Departure: Mr. Olmstead's departure is to pursue another opportunity and is not the result of any disagreement with the company regarding its operations, policies, or financial reporting.