Penguin Solutions (NASDAQ:PENG) Issues FY 2026 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 2.300-2.300 for the period, compared to the consensus EPS estimate of 2.080. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Penguin Solutions from $24.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday. Rosenblatt Securities boosted their target price on Penguin Solutions from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings downgraded Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Barclays downgraded Penguin Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $27.00 in a research note on Wednesday, April 22nd. Finally, Needham & Company LLC boosted their price target on Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.88.

Penguin Solutions Stock Performance

NASDAQ:PENG opened at $70.65 on Wednesday. The stock has a fifty day moving average price of $33.21 and a 200-day moving average price of $24.37. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 98.13 and a beta of 2.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10. Penguin Solutions has a fifty-two week low of $16.04 and a fifty-two week high of $73.24.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%. As a group, equities analysts anticipate that Penguin Solutions will post 1.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Maximiliane C. Straub sold 3,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the sale, the director directly owned 51,975 shares in the company, valued at approximately $2,546,775. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandeep Nayyar sold 7,107 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $43.48, for a total value of $309,012.36. Following the sale, the director owned 25,417 shares of the company’s stock, valued at approximately $1,105,131.16. The trade was a 21.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 83,120 shares of company stock valued at $3,300,214. 2.90% of the stock is owned by insiders.

Trending Headlines about Penguin Solutions

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Penguin Solutions raised FY2026 guidance, now expecting EPS of $2.30 and revenue of about $1.6 billion, both above Wall Street estimates, which is the biggest driver behind the stock’s strength. MarketWatch: Penguin Solutions Names Johnson Interim CFO; Boosts FY Outlook
• Positive Sentiment: The company said business trends remain strong enough to reach the high end of its prior outlook, reinforcing confidence in demand tied to its AI infrastructure and memory businesses. Seeking Alpha: Penguin soars as company expects to hit high end of guidance; announces CFO transition
• Positive Sentiment: Rosenblatt Securities raised its price target on PENG from $54 to $65 and kept a Buy rating, adding to bullish analyst sentiment. Benzinga report on Rosenblatt price target raise
• Neutral Sentiment: Penguin Solutions announced that Nate Olmstead will step down as CFO and named Aaron Johnson interim CFO; management said the departure was not due to disagreements, which helped soften concerns about the transition. Business Wire: Penguin Solutions Announces CFO Transition
• Neutral Sentiment: SVP Joseph Gates Clark disclosed a sale of 10,351 shares under a pre-arranged 10b5-1 plan; the sale is not necessarily bearish, but insider selling can still draw investor attention. SEC Form 4 filing
• Negative Sentiment: After a very sharp recent run, some commentary suggests PENG may be vulnerable to valuation-based pullbacks or slower upside from here. Zacks: PENG Soars 215% in 3 Months
• Negative Sentiment: Zacks Research also downgraded Penguin Solutions from strong-buy to hold, which may temper enthusiasm after the recent rally. Zacks Research downgrade

Institutional Trading of Penguin Solutions

A number of institutional investors have recently modified their holdings of the stock. Mariner LLC bought a new stake in shares of Penguin Solutions during the 3rd quarter worth $265,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Penguin Solutions during the 4th quarter worth $215,000. Prudential Financial Inc. bought a new stake in shares of Penguin Solutions during the 2nd quarter worth $214,000. Graham Capital Management L.P. bought a new stake in shares of Penguin Solutions during the 4th quarter worth $213,000. Finally, Man Group plc bought a new stake in shares of Penguin Solutions during the 2nd quarter worth $204,000.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.