PENG Q3 Deep Dive: AI Infrastructure and Data Center Memory Drive Growth, Guidance Rises

Semiconductor maker Penguin Solutions (NASDAQ:PENG) reported calendar Q3 2026 (fiscal Q4 2026) results exceeding the market’s revenue expectations, with sales up 67.7% year on year to $566.7 million. Its non-GAAP profit of $1 per share was 29.5% above analysts’ consensus estimates.