Penguin Solutions reports record Q4 earnings, beats estimates and raises FY27 outlook
Penguin Solutions posted Q4 2026 revenue of $566.7 million, up 68% year‑over‑year, and non‑GAAP EPS of $1.00 per share, beating consensus. The company lifted its fiscal 2027 revenue guidance to a $2.43 billion midpoint and non‑GAAP EPS guidance to $4.45. It also announced a new CFO, Stephen Cumming, and secured a $750 million convertible notes offering. Hedge fund ownership in the stock more than tripled to $302 million across 35 funds.
Why it matters
The company expects FY27 sales of $2.43 billion and non‑GAAP EPS of $4.45, indicating higher future earnings potential. The $750 million convertible notes raise capital that could fund growth initiatives. Hedge fund ownership rising to $302 million signals strong institutional confidence.
Key facts
- 1Q4 revenue was $566.7 million, up 68% year‑over‑year. financial-news.co.uk
- 2Non‑GAAP diluted earnings per share for Q4 were $1.00. financial-news.co.uk
- 3Fiscal 2027 revenue guidance midpoint is $2.43 billion. financial-news.co.uk
- 4Fiscal 2027 non‑GAAP EPS guidance is $4.45. financial-news.co.uk
- 5The company secured a $750 million convertible notes offering. finance.yahoo.com
- 6Hedge fund ownership rose to $302 million, with 35 funds holding positions. finance.yahoo.com
Open questions
- Revenue guidance range differs: material 4 cites $2,250.9M‑$2,597.2M, while material 2 gives a $2.43B midpoint.
- EPS guidance range differs: material 4 cites $3.75‑$5.15, while material 2 cites $4.45 non‑GAAP.
- Basic EPS reported as $1.46 in material 11 versus non‑GAAP EPS $1.00 in material 2.
Summary written by AlphAI from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.