Oct. 8 at 2:10 PM
Penguin Solutions reported fiscal Q4 earnings of
$9.4 million, rebounding from a
$24.5 million loss a year earlier. Revenue grew 9% to
$337.9 million, slightly below the
$342.1 million consensus estimate. Despite the quarterly profit, the company’s fiscal 2026 guidance signaled slower growth, forecasting approximately 6% sales growth compared with analysts’ roughly 10% expectations and last year’s 17% growth.
Management described the year as “more backend-loaded,” expecting stronger AI compute sales in the second half. Shares fell 22% premarket to
$21.13 following the announcement, while S&P 500 and Nasdaq futures edged up slightly. Adjusted earnings of 43 cents per share exceeded the 37 cents anticipated by analysts, highlighting mixed results: profitability improved, but revenue and growth outlook disappointed.
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