Penguin Solutions gains after Q1 results beat estimates

Penguin Solutions

07/01/2026 10:35

** Shares of data center firm Penguin Solutions PENG.O rise 5.3% to $22.7 premarket after co beats Q1 estimates

** Posts Q1 revenue of $343.07 million vs. analysts' estimates of $338.64 million - data compiled by LSEG

** Records adj. EPS of 49 cents vs. analysts' estimates of 44 cents

** Says integrated memory segment sales increased significantly, contributing to overall revenue growth

** Average rating of 8 analysts covering stock is "buy"; median PT is $26.50

** As of last close, PENG up 9.2% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))