Penguin Solutions posts record Q4 2026 results and lifts FY27 outlook
Penguin Solutions reported fourth‑quarter 2026 revenue of $566.7 million, up 68% year‑over‑year, and adjusted EPS of $1.00, beating consensus estimates. The company raised its fiscal 2027 guidance to roughly $2.43 billion in revenue and $4.45 in non‑GAAP EPS, and announced Stephen Cumming as its new chief financial officer. It also completed a $750 million convertible‑notes offering.
Why it matters
The earnings beat and higher guidance signal accelerated growth in AI infrastructure and memory businesses, which could drive further revenue expansion and improve profitability for shareholders (the company said the outlook reflects record backlog and bookings). The CFO change may affect execution of the FY27 targets (the company announced the appointment alongside the results).
Key facts
- 1Q4 2026 revenue was $566.7 million, up 68% YoY financial-news.co.uk
- 2Adjusted EPS for Q4 2026 was $1.00 per share financial-news.co.uk
- 3Fiscal 2027 net sales guidance is approximately $2.43 billion at the midpoint financial-news.co.uk
- 4Fiscal 2027 non‑GAAP EPS guidance is $4.45, plus or minus $0.70 finance.yahoo.com
- 5The company completed a $750 million 0% convertible‑notes offering due 2031 finance.yahoo.com
- 6Stephen Cumming was appointed senior vice president and chief financial officer financial-news.co.uk
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.