Penguin Solutions lifts FY2027 net sales outlook midpoint to $2.43 billion, sees diluted EPS of $3.50
PENG•Penguin Solutions raised its fiscal 2027 net sales outlook midpoint to $2.43 billion, about 40% year-over-year growth with a ±10-point range. It forecast diluted EPS of $3.50 ± $0.70 and non-GAAP diluted EPS of $4.45 ± $0.70.
1. Fiscal 2027 outlook
Penguin Solutions raised its fiscal 2027 outlook, projecting net sales of $2.43 billion at the midpoint, about 40% year-over-year growth with a ±10-point range. It expects GAAP diluted EPS of $3.50 ± $0.70 and non-GAAP diluted EPS of $4.45 ± $0.70.
2. Margins and expenses
The company forecast GAAP gross margin of 27% ± 2% and non-GAAP gross margin of 28% ± 2%. Operating expenses are expected to be $329 million ± $10 million on a GAAP basis and $275 million ± $10 million on a non-GAAP basis.
3. Fiscal 2026 results
The outlook follows fiscal 2026 net sales of $1.73 billion, diluted EPS of $2.60 and fourth-quarter net sales of $566.69 million.
