Penguin Solutions raises full-year fiscal 2026 outlook for sales and earnings
Penguin Solutions raised its full-year fiscal 2026 guidance on July 7, 2026, following record third-quarter results. The company now expects net sales growth of 22% plus or minus 2%, full-year GAAP diluted EPS of $1.97 plus or minus 5 cents, and non-GAAP diluted EPS of $2.60 plus or minus 5 cents—all above the high end of its previous outlook ranges. Q3 delivered record net sales of $479 million (up 48% year-over-year) and record GAAP operating income of $51 million (up 417% year-over-year), driven by strong AI-related customer demand for memory and AI infrastructure.
Key facts
- Full-year fiscal 2026 net sales growth of 22% plus or minus 2%
- Full-year GAAP diluted EPS of $1.97 plus or minus 5 cents; non-GAAP diluted EPS of $2.60 plus or minus 5 cents
- Q3 net sales of $479 million, up 48% versus year-ago quarter
- Q3 GAAP diluted EPS of $0.68 versus $(0.01) in year-ago quarter
- Q3 non-GAAP diluted EPS of $0.84 versus $0.47 in year-ago quarter, up 79%
- Integrated Memory net sales more than doubled year over year
- 16 new Integrated Memory logos added in trailing four quarters Q3-25 to Q2-26; 5 subsequently increased business
- 13 new AI Infrastructure logos added in trailing four quarters; 7 subsequently increased business
- Recognized as Dell Technologies Global Alliances Americas AI Partner of the Year
- Became NVIDIA AI Factory Specialized Partner
Why it matters
The raised guidance reflects management's confidence in sustained AI-driven demand momentum across its memory and infrastructure portfolio, with Integrated Memory more than doubling and new customer logos showing expansion—signaling potential for accelerated profitability and market share gains in the high-growth AI segment.
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Derived from 8-K filed 2026-07-07. Not investment advice. View the source filing on SEC.gov →