Penguin Solutions shares are trading higher Wednesday after it announced better-than-expected Q3 results on Tuesday after the market closed.

Penguin Solutions Inc (NASDAQ:PENG) reports financial results for the third quarter of fiscal 2026 after the market close on Tuesday.

Penguin Solutions posted $479M in Q3 sales, up 48% year-over-year, with non-GAAP EPS of $0.84. The AI infrastructure firm raised its full-year guidance.