Update: Penguin Solutions Jumps Pre-Bell as Fiscal Q4 Earnings, Revenue Soar Amid Improved Guidance for FY2027
MT newswire2026/10/07 09:3705:37 AM EDT, 10/07/2026 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph and previous guidance in third-to-last.) Penguin Solutions (PENG) shares were up more than 5.7% in Wednesday's premarket activity after the company overnight said fiscal Q4 earnings more than doubled from a year ago amid a surge in revenue, and raised its full-year fiscal 2027 guidance. The company reported fiscal Q4 adjusted earnings late Tuesday of $1.00 per diluted share, up from $0.43 a year earlier. Analysts polled by FactSet expected $0.77. Revenue for the three months ended Aug. 28 was $566.7 million, up from $337.9 million a year earlier. Analysts expected $521 million. For fiscal 2027, the company now expects adjusted EPS of $4.45 plus or minus $0.70 on revenue of $2.43 billion at the midpoint. The current adjusted EPS guidance represents 55% growth from a year ago, compared with the 30% jump from the midpoint the company had forecast in its preliminary view at the Q3 fiscal 2026 earnings call. Back then, the firm guided to net sales of $2.17 billion for fiscal 2027. Analysts expect adjusted EPS of $3.39 on revenue of $2.21 billion. Also, Penguin Solutions said late Tuesday it has appointed Stephen Cumming as senior vice president and chief financial officer, starting immediately. He most recently served as the CFO of Edgio, the company said.
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