Analysts at Penguin Solutions increased their predictions after the company’s strong fourth-quarter results.

Oct 7, 2026, 12:28 PM ETResultsRead the original at Benzinga

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Penguin Solutions reported 68% sales growth and raised its fiscal 2027 sales-growth forecast to 40% ± 10%. Services were softer and hardware sales pressured margins, but growing AI and memory sales and expected margin improvement support stronger business prospects.

PENG · Penguin Solutions Inc

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The AI's read

The higher company forecast points to faster sales growth, supported by rising demand for AI and memory products. Services were softer than expected, and hardware sales put pressure on margins. Still, the company expects margins to widen and profit to grow faster than sales, so the stronger product demand carries more weight.

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