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00:02Penguin Solutions reported fourth-quarter adjusted earnings of $1 per share on revenue of $566.69
00:08million, beating analyst estimates of $0.78 per share and $516.12 million, respectively.
00:15According to Benzinga Pro, revenue rose 68% year-over-year. CEO Cash Shike said performance
00:21accelerated in the second half of fiscal 2026 following the launch of its AI Factory platform
00:27and increased focus on the data center market. Penguin Solutions guided for fiscal 2027 revenue
00:32of $2.25 billion to $2.60 billion and adjusted earnings of $3.75 to $5.15 per share, both
00:41above
00:42analyst estimates. The company also appointed Stephen Cumming as CFO, effective immediately.
00:47Shares rose 4.33% in after-hours trading Tuesday, according to Benzinga Pro.
00:52For all things money, visit Benzinga.com.
