U.S. stocks movement: Penguin Solutions surged on October 7th due to better-than-expected earnings, AI demand, and memory growth.
Bitget异动解读2026/10/07 13:35Penguin Solutions October 7th Surge Analysis
Keywords: Outperforming results, AI demand, memory growth
1. On October 6th, the company announced its fiscal year 2026 fourth quarter results: net sales of $567 million, up 68% year-on-year; non-GAAP diluted earnings per share of $1.00, up 133% year-on-year, setting quarterly records for net sales, operating profit, net profit, and adjusted EBITDA.
2. On October 6th, the company raised its outlook for fiscal year 2027, expecting net sales of about $2.43 billion, up approximately 40% year-on-year, with diluted earnings per share of about $4.45, up about 55% year-on-year; the company stated that as it enters fiscal year 2027, backlogged orders are at a record level, with the memory business backlog covering at least four quarters.
3. On October 6th, growth was driven by AI infrastructure and integrated memory business. In the fourth quarter, integrated memory net sales were $341 million, up 158% year-on-year, accounting for about 60% of total company sales; non-hyperscale AI infrastructure business grew 99% year-on-year.
(Disclaimer: This content is generated by AI technology summarizing information from public sources. For reference only, not investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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