Penguin Solutions Q4 Sales Surge 68%, Raises FY27 Outlook to $2.43B
PENG has more than doubled off its 52-week low of $16.04 on elevated volume (5.1× avg).
Summary
Penguin Solutions delivered a blowout Q4: net sales of $567 million, up 68% year over year, with diluted EPS of $1.29 versus $0.11 a year ago. Non-GAAP EPS was $1.00, beating estimates by $0.23, and revenue beat by $46.01 million. Full-year sales hit $1.73 billion, up 26%, and diluted EPS reached $2.60. The company raised its fiscal 2027 outlook to approximately $2.43 billion in net sales at the midpoint, representing 40% growth, and non-GAAP diluted EPS of $4.45. This follows the $750 million convertible notes offering closed in July and the SK Telecom stake sale to SK hynix in late July. The AI Infrastructure business is accelerating, with six new data center customers in Q4, including a 36,000-GPU deployment in Norway. The company named Cumming CFO. The raised guidance and accelerating growth make this a material positive for the stock.
Updates
· SEC 8-K — The 8-K attaches the press release with full financial statements and reconciliations.
At the time of this announcement, PENG was trading at $69.41 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $16.04 to $89.86. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.