Penguin Solutions stock is trending after earnings. Where is PENG stock headed?
Penguin Solutions Q3 Highlights
Penguin Solutions reported $478.71 million in revenue for the quarter, beating analyst estimates of $405.53 million, according to Benzinga Pro. Total revenue was up 48% on a year-over-year basis.
The AI factory platform company posted third-quarter adjusted earnings of 84 cents per share, beating estimates of 54 cents per share.
“Penguin Solutions delivered a record quarter, exceeding expectations for both net sales and EPS. This profitable growth acceleration reinforces our confidence that our AI Factory Platform strategy is working,” said Kash Shaikh, CEO of Penguin Solutions.
