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

Penguin Solutions (NASDAQ:PENG) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.550-2.650 for the period, compared to the consensus 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 Trading Down 11.9%

Shares of NASDAQ:PENG opened at $53.23 on Tuesday. The company has a market capitalization of $2.73 billion, a PE ratio of 37.75 and a beta of 2.83. Penguin Solutions has a 12-month low of $16.04 and a 12-month high of $89.86. The business has a 50 day moving average of $62.15 and a two-hundred day moving average of $35.95. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65.

Penguin Solutions (NASDAQ:PENG) last posted its 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. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. The firm had revenue of $478.71 million during the quarter, compared to analyst estimates of $407.47 million. During the same period in the previous year, the firm earned $0.52 EPS. As a group, analysts forecast that Penguin Solutions will post 2.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PENG. Citizens Jmp lifted their price target on Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Rosenblatt Securities boosted their price objective on Penguin Solutions from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Needham & Company LLC increased their target price on Penguin Solutions from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Zacks Research raised shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus increased their price objective on shares of Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. One 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.33.

Insider Buying and Selling

In other news, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were 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 approximately $7,776,717.72. The trade was a 3.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 12,893 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $45.09, for a total transaction of $581,345.37. Following the completion of the sale, the director directly owned 32,524 shares of the company’s stock, valued at $1,466,507.16. This represents a 28.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 65,574 shares of company stock worth $3,069,722. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Penguin Solutions

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings 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 acquiring an additional 1,706,482 shares during the period. Twinbeech Capital LP lifted its position in shares of Penguin Solutions by 324.5% during the fourth quarter. Twinbeech Capital LP now owns 43,200 shares of the company’s stock worth $845,000 after purchasing an additional 33,023 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Penguin Solutions in the fourth quarter valued at approximately $1,017,000. Ophir Asset Management Pty Ltd grew its holdings in shares of Penguin Solutions by 234.3% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,211,612 shares of the company’s stock valued at $23,699,000 after purchasing an additional 849,178 shares in the last quarter. Finally, Man Group plc increased its stake in Penguin Solutions by 55.1% during the 4th quarter. Man Group plc now owns 27,952 shares of the company’s stock worth $547,000 after buying an additional 9,933 shares during the period.

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.