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PENG — Penguin Solutions News Story

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Penguin Solutions Q4 revenue jumps 68%; raises FY27 guidance as AI infrastructure demand accelerates

Penguin Solutions Q4 revenue jumps 68%; raises FY27 guidance as AI infrastructure demand accelerates 


Overview

  • US AI data center platform's Q4 revenue rose 68% yr/yr, beating analyst expectations

  • Adjusted EPS for Q4 beat analyst expectations

  • Company raised fiscal 2027 outlook on accelerating AI infrastructure demand


Outlook

  • Penguin Solutions expects fiscal 2027 net sales of $2.43 bln, growth of about 40% +/-10 pts

  • Company sees fiscal 2027 diluted EPS of $3.50 and non-GAAP diluted EPS of $4.45

  • Penguin Solutions forecasts fiscal 2027 gross margin of 28% +/-2% (non-GAAP)


Result Drivers

  • AI DATA CENTER DEMAND - Co said surge in AI-driven data center demand and launch of AI Factory Platform accelerated performance in the second half of fiscal 2026

  • CUSTOMER EXPANSION - Co added six new AI Infrastructure data center customers in Q4, including four neocloud providers

  • PRODUCT INNOVATION - Co said enhancements to ClusterWareAI software improved customer uptime and reduced operational overhead


Company press release: ID:nBw8HZ9WJa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted Revenue

Beat

$566.69 mln

$516.12 mln (6 Analysts)

Q4 Adjusted EPS

Beat

$1

$0.78 (6 Analysts)

Q4 EPS

$1.29

Q4 Adjusted Net Income

$71.44 mln

Q4 Adjusted Operating Income

Beat

$89.80 mln

$68.97 mln (6 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for Penguin Solutions Inc is $77.50, about 27.7% above its October 5 closing price of $60.71

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 28 three months ago


Reuters Recommended Reads

  • Oct 6 - Marvell raises 2028 revenue forecast on strong AI data center demand

  • Oct 5 - Data centre operator DayOne reveals revenue surge in US IPO filing

  • Oct 5 - Conservation group calls for moratorium on AI data centers on US public lands


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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