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

Key Points

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Penguin Solutions (NASDAQ:PENG - Get Free Report) issued an update on its FY 2026 earnings guidance on Monday morning. 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.

Penguin Solutions Stock Up 6.9%

Shares of NASDAQ PENG traded up $3.88 during mid-day trading on Monday, reaching $59.71. 3,070,753 shares of the company were exchanged, compared to its average volume of 1,872,700. The company has a quick ratio of 1.55, a current ratio of 2.10 and a debt-to-equity ratio of 1.09. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 82.93 and a beta of 2.88. Penguin Solutions has a 1 year low of $16.04 and a 1 year high of $61.25. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $24.09.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.09. The firm had revenue of $343.00 million during the quarter, compared to analysts' expectations of $339.00 million. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%. On average, research analysts expect that Penguin Solutions will post 1.66 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on PENG. Barclays cut Penguin Solutions from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $23.00 to $27.00 in a research note on Wednesday, April 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $30.00 price target on shares of Penguin Solutions in a report on Monday, March 30th. Stifel Nicolaus decreased their price target on shares of Penguin Solutions from $27.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Weiss Ratings cut Penguin Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 13th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Penguin Solutions presently has an average rating of "Moderate Buy" and an average target price of $27.25.

Insider Buying and Selling

In related news, Director Maximiliane C. Straub sold 8,000 shares of Penguin Solutions stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $45.00, for a total transaction of $360,000.00. Following the completion of the transaction, the director directly owned 58,975 shares in the company, valued at approximately $2,653,875. This trade represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph Gates Clark sold 12,546 shares of Penguin Solutions stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $22.55, for a total transaction of $282,912.30. Following the completion of the transaction, the senior vice president directly owned 99,726 shares of the company's stock, valued at $2,248,821.30. The trade was a 11.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 72,769 shares of company stock valued at $2,690,851 in the last ninety days. Insiders own 2.90% of the company's stock.

Institutional Trading of Penguin Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in PENG. Dimensional Fund Advisors LP purchased a new stake in shares of Penguin Solutions in the third quarter valued at approximately $60,264,000. Invesco Ltd. grew its holdings in Penguin Solutions by 596.8% in the 4th quarter. Invesco Ltd. now owns 1,992,415 shares of the company's stock valued at $38,972,000 after buying an additional 1,706,482 shares in the last quarter. Ophir Asset Management Pty Ltd grew its holdings in Penguin Solutions by 234.3% in 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. Royal Bank of Canada purchased a new stake in Penguin Solutions in the 1st quarter valued at $7,250,000. Finally, Millennium Management LLC purchased a new stake in Penguin Solutions in the 3rd quarter valued at $10,136,000.

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.

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