Movement Alert｜Penguin Solutions, Inc. Rises 8.1% in Regular Trading, Q4 Results and FY27 Guidance Far Exceed Expectations

Market Focus10-09 21:35

On October 9, Penguin Solutions, Inc. rose 8.1% in regular trading, with the stock moving higher following the release of fiscal fourth quarter results and fiscal 2027 guidance that significantly exceeded market expectations.

Fourth quarter adjusted earnings per share came in at $1.00, up from $0.43 a year earlier and well above the $0.77 consensus estimate. Revenue reached $566.7 million, a 67.7% year-over-year increase and comfortably ahead of the $521 million analysts projected. Management also issued fiscal 2027 adjusted EPS guidance with a midpoint of $4.45, far exceeding the $3.39 consensus, reflecting strong confidence in sustained demand for AI infrastructure and memory solutions. BofA Securities initiated coverage on the stock with a Buy rating and a $100 price target, providing additional support to investor sentiment.

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