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Penguin Solutions said fiscal fourth-quarter revenue rose 68% to $566.7 million on surging AI data center demand, and guided to 40% growth in fiscal 2027.
The market raced ahead of Penguin Solutions today. The stock jumped 13% to US$72.61, even though investors were already sitting on a 40% gain over the past month and a decline over the past quarter. The excitement traces back to one thing that actually showed up in the numbers. Profitability in Q4 looked far stronger,…
Penguin Solutions (PENG) stock jumps on Q4 earnings beat, AI-driven sales surge and strong FY2027 guidance.