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

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.300-2.300 for the period, compared to the consensus earnings per share 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.

Penguin Solutions Stock Up 6.9%

PENG stock opened at $59.71 on Tuesday. Penguin Solutions has a fifty-two week low of $16.04 and a fifty-two week high of $61.25. The business’s 50-day moving average is $33.21 and its two-hundred day moving average is $24.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 82.93 and a beta of 2.66.

Penguin Solutions (NASDAQ:PENG) last posted 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. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%.The company had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. As a group, analysts forecast that Penguin Solutions will post 1.66 earnings per share for the current year.

Analyst Ratings Changes

PENG has been the topic of a number of recent research reports. Barclays downgraded Penguin Solutions from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Weiss Ratings downgraded Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Needham & Company LLC raised their price objective on Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Monday, March 30th. Finally, Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Insiders Place Their Bets

In related news, SVP Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $39.99, for a total transaction of $199,950.00. Following the sale, the senior vice president owned 76,776 shares of the company’s stock, valued at approximately $3,070,272.24. This trade represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sandeep Nayyar sold 7,107 shares of Penguin Solutions stock in a transaction that occurred 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 directly owned 25,417 shares in the company, valued at $1,105,131.16. This trade represents a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,769 shares of company stock worth $2,690,851 over the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Penguin Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Penguin Solutions by 596.8% during the 4th quarter. Invesco Ltd. now owns 1,992,415 shares of the company’s stock valued at $38,972,000 after purchasing an additional 1,706,482 shares during the period. Twinbeech Capital LP raised its stake in Penguin Solutions by 324.5% during the 4th quarter. Twinbeech Capital LP now owns 43,200 shares of the company’s stock valued at $845,000 after purchasing an additional 33,023 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Penguin Solutions during the 4th quarter valued at approximately $1,017,000. Ophir Asset Management Pty Ltd grew its holdings in Penguin Solutions by 234.3% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,211,612 shares of the company’s stock valued at $23,699,000 after buying an additional 849,178 shares in the last quarter. Finally, Man Group plc grew its holdings in Penguin Solutions by 55.1% during the 4th quarter. Man Group plc now owns 27,952 shares of the company’s stock valued at $547,000 after buying an additional 9,933 shares in the last quarter.

Penguin Solutions Company Profile

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.