Market News / Story
Penguin Solutions (PENG) Stock Trades Up, Here Is Why
Stock Story ·
Stock Story reports: What Happened? Shares of semiconductor maker Penguin Solutions jumped 3.7% in the pre-market session after the company announced third-quarter 2026 financial results and raised its fiscal 2027 outlook beyond its preliminary growth view. According to the company's press release, fourth-quarter net sales climbed 68% year over year to $567 million vs analyst estimates of $521 million (67.7% year-on-year growth, 8.8% beat). Non-GAAP diluted earnings per share increased to…