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

Key Points

• Guidance beat: Penguin raised FY2026 guidance to EPS $2.00–$2.30 (consensus $1.79) and revenue of $1.5B–$1.6B (consensus $1.5B).
• Analyst sentiment: Goldman Sachs initiated coverage with a "buy" and $25 target, and the stock's consensus rating is "Moderate Buy" with a consensus price target of $27.29.
• Recent results: The company beat quarterly estimates with $0.52 EPS vs. $0.43 expected and $343M revenue vs. $339M expected; shares trade near $22.43 with a market cap of about $1.14B.

Penguin Solutions (NASDAQ:PENG - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.000-2.300 for the period, compared to the consensus earnings per share estimate of 1.790. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research report on Tuesday, January 13th. They set a "buy" rating and a $25.00 target price for the company. Wall Street Zen upgraded shares of Penguin Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Zacks Research upgraded shares of Penguin Solutions from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Stifel Nicolaus dropped their target price on shares of Penguin Solutions from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings raised shares of Penguin Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.29.

Penguin Solutions Price Performance

Shares of PENG stock traded up $0.31 during trading hours on Thursday, hitting $22.43. 256,457 shares of the company's stock were exchanged, compared to its average volume of 1,292,297. The company has a market capitalization of $1.14 billion, a PE ratio of 31.14 and a beta of 2.23. Penguin Solutions has a 12-month low of $15.40 and a 12-month high of $29.80. The business's 50 day simple moving average is $18.86 and its 200-day simple moving average is $20.57. The company has a current ratio of 2.10, a quick ratio of 1.86 and a debt-to-equity ratio of 1.09.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The firm had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, equities research analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.75, for a total value of $71,000.00. Following the transaction, the senior vice president directly owned 131,352 shares of the company's stock, valued at $2,331,498. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president directly owned 122,318 shares in the company, valued at approximately $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PENG. Kestra Advisory Services LLC bought a new stake in Penguin Solutions in the fourth quarter valued at $29,000. Raymond James Financial Inc. bought a new stake in Penguin Solutions in the second quarter valued at $37,000. Advisory Services Network LLC bought a new stake in Penguin Solutions in the third quarter valued at $50,000. Osaic Holdings Inc. boosted its holdings in Penguin Solutions by 20.8% in the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company's stock valued at $71,000 after acquiring an additional 617 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Penguin Solutions in the second quarter valued at $105,000.

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.

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