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

Penguin Solutions (NASDAQ:PENG) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.550-2.650 for the period, compared to the consensus earnings per share estimate of 2.180. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $59.20 on Thursday. The firm has a 50 day moving average of $62.65 and a 200-day moving average of $36.50. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 41.99 and a beta of 2.83. The company has a quick ratio of 1.10, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. Penguin Solutions has a 52 week low of $16.04 and a 52 week high of $89.86.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. The firm had revenue of $478.71 million during the quarter, compared to the consensus estimate of $407.47 million. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Penguin Solutions will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PENG shares. Wall Street Zen raised Penguin Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Stifel Nicolaus boosted their price target on shares of Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Needham & Company LLC raised their price objective on shares of Penguin Solutions from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Citigroup reiterated an “outperform” rating on shares of Penguin Solutions in a report on Wednesday, July 8th. Finally, Citizens Jmp boosted their target price on shares of Penguin Solutions from $65.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.33.

Insider Transactions at Penguin Solutions

In other news, Director Sandeep Nayyar sold 12,893 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $45.09, for a total transaction of $581,345.37. Following the completion of the transaction, the director owned 32,524 shares in the company, valued at approximately $1,466,507.16. This represents a 28.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $64.38, for a total transaction of $257,520.00. Following the transaction, the senior vice president owned 120,794 shares of the company’s stock, valued at $7,776,717.72. This represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 63,351 shares of company stock worth $3,008,101 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds have recently made changes to their positions in PENG. Kestra Advisory Services LLC purchased a new stake in Penguin Solutions during the 4th quarter worth about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Penguin Solutions in the second quarter worth about $37,000. Advisory Services Network LLC purchased a new stake in shares of Penguin Solutions in the third quarter worth about $50,000. Osaic Holdings Inc. boosted its position in shares of 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 during the period. Finally, Globeflex Capital L P purchased a new position in Penguin Solutions during the second quarter valued at approximately $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.