On October 7, Penguin Solutions, Inc. rose 8.77% in pre-market trading, reaching $69.69 per share with a turnover of $1.58 million.

The move was driven by the company's fiscal fourth quarter results and fiscal 2027 guidance, both of which came in well above market expectations. Adjusted earnings per share for the quarter reached $1.00, surpassing the FactSet consensus estimate of $0.78 and up from $0.43 in the prior-year period. Revenue grew 67.7% year-over-year to $566.7 million, also exceeding analysts' forecast of $521 million.

More importantly, management issued fiscal 2027 adjusted EPS guidance with a midpoint of $4.45, significantly higher than the $3.39 expected by analysts. The company attributed the strong performance to continued robust demand for AI infrastructure and memory solutions, which had already driven an earnings beat and full-year guidance raise in the previous quarter.

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