Penguin Solutions beats Q3 estimates, raises fiscal 2026 outlook

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Penguin Solutions reported third-quarter non-GAAP earnings per share of $0.84, beating estimates by $0.28, while revenue of $479 million, up 47.7% year-over-year, exceeded expectations by $57.64 million. The company also raised its full-year fiscal 2026 outlook, now projecting net sales growth of 22% year-over-year, plus or minus 2%, up from a prior forecast of 12% growth, plus or minus 5%. Non-GAAP diluted earnings per share are now expected to be $2.60, plus or minus $0.05, compared with the previous guidance of $2.15, plus or minus $0.15. The updated outlook also includes a non-GAAP gross margin of 28.5%, plus or minus 0.5%, and non-GAAP operating expenses of $260 million, plus or minus $5 million.

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Penguin Solutions, Inc.
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Beat Q3 estimates and raised fiscal 2026 outlook, including higher EPS and revenue guidance.

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