Penguin Solutions Stock Pops on Q4 Earnings Beat, Strong Guidance

Penguin Solutions Inc (NASDAQ: PENG) reported Q4 fiscal 2026 revenue of $566.69 million, exceeding analyst estimates of $516.12 million, and marking a 68% year-over-year increase. The company posted adjusted earnings of $1 per share, surpassing the expected 78 cents. For fiscal 2027, Penguin guided revenue between $2.25 billion and $2.60 billion, above the $2.20 billion estimate, and adjusted earnings between $3.75 and $5.15 per share, compared to the $3.25 estimate. Following the earnings report, PENG shares rose 4.33% in after-hours trading to $66.99.