Net sales for the fourth quarter totaled $567 million, topping expectations of between $519.9 million and $521 million. Penguin Solutions reported adjusted earnings per share of $1.00 against a projected $0.77, and adjusted EBITDA of $93.3 million, beating the $71.7 million estimate. Growth was led by the integrated memory business, which rose 158% year-over-year to $341 million, while gross margin reached 29% against a 26% forecast.
For fiscal year 2027, the company issued revenue guidance of $2.43 billion and EPS of $4.45, exceeding analyst estimates of $2.21 billion and $3.38, respectively. Shares of Penguin Solutions rose in after-hours trading, reflecting strong demand for memory and AI infrastructure as indicated by the quarterly results.
