Penguin Solutions, Inc. FY 2026: Revenue $1.73B, EPS $2.6— 10-K Summary

Several semiconductor stocks rose after Broadcom secured $63B in financing for AI chips, and Anthropic filed for an IPO. Penguin Solutions (PENG) +7.8%, Broadcom (AVGO) +3.8%, FormFactor (FORM) +5.9%, Lattice Semiconductor (LSCC) +5.2%, AMD (AMD) +5.3%. PENG is up 190% YTD but -27.7% from its 52-week high.

Penguin Solutions (PENG) shares rose 6.2% on reports of takeover interest from an unidentified suitor, according to market sources.

Technology stocks rebounded on Monday, with the Nasdaq Composite up 1.1% and S&P 500 gaining 0.4%. Memory and AI infrastructure stocks led the recovery, while homebuilders fell due to a 14-year low in builder confidence. Crude oil prices showed mixed signals, with WTI up and Brent down. DHT Holdings, Penguin Solutions, LGI Homes, Redwire, and Applied Digital reported updates on their operations and financials.

Bank of America initiated coverage of Penguin Solutions (PENG) with a Buy rating and $100 price target, citing 40% upside. The firm believes Penguin's memory solutions are crucial for AI's next phase, beyond GPU constraints. Penguin's AI-related revenue grew 141% last quarter, and Bank of America forecasts $2.87B in 2028 revenue, above consensus estimates. Penguin also builds and manages large AI computing systems, with recent wins in Norway and carbon-free data centers.

Penguin Solutions (PENG) shares rose 6.0% after reporting record Q4 net sales of $567M, up 68% YoY, and raising its FY2027 outlook to $2.43B. Management cited strong AI infrastructure demand and new customer wins. Insider sales and hedge fund activity were also noted.

Penguin Solutions (PENG) stock rose 5.9% in premarket trading after BofA Securities initiated coverage with a Buy rating and $100 price target, citing strong AI-driven sales and fiscal 2028 projections. The company reported Q4 net sales of $567M, up 68% YoY, and raised its fiscal 2027 EPS guidance. Shares are up 254% YTD but remain 11.7% below their 52-week high.