Penguin Solutions reported net sales of $567 million for the fourth quarter of fiscal 2026, representing a 68% increase year-over-year. The company's non-GAAP diluted earnings per share reached $1.00, exceeding analyst expectations by $0.23.
The Integrated Memory segment saw revenue growth of 158% compared to the previous year. During the quarter, the company secured six new clients for its AI infrastructure services.
For the full fiscal year 2026, net sales totaled $1.73 billion, marking a 26% growth. Non-GAAP earnings per share rose by 51% to $2.87.
Looking ahead to fiscal 2027, the company projects net sales of approximately $2.43 billion, reflecting 40% growth. It also anticipates non-GAAP diluted earnings per share of $4.45, an increase of about 55%.
Following the announcement, shares of Penguin Solutions rose 5.8% on October 6, closing at $64.21.
