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Penguin Solutions, Inc. (NASDAQ: PENG) reported third-quarter 2026 Non-GAAP diluted earnings of $0.84 per share, beating the consensus estimate. The technology company posted net sales of $478.7M for the quarter, which is up 48% versus the year-ago quarter. Net income reached $46.2M for the quarter.
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The Integrated Memory segment led the company’s business units, generating $275.1M in revenue for the quarter. Management provided guidance for FY 2026, expecting adjusted EPS of $2.60, plus or minus 5 cents, as the company navigates current market conditions.
Wall Street maintains a positive outlook on Penguin Solutions, with analyst consensus standing at 8 buy ratings, 2 hold ratings, and 0 sell ratings. The earnings beat suggests the company has maintained profitability while managing costs effectively.
A detailed analysis of Penguin Solutions, Inc.’s quarter follows shortly on AlphaStreet.
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