News about PENG

The article argues Penguin Solutions (PENG) is a growth stock worth watching, riding the same tailwinds as memory chipmakers Micron and Sandisk. Revenue in fiscal 2026's fourth quarter rose 68% year over year, driven by its integrated memory segment, which grew 158% and made up 60% of sales on demand for CXL memory modules that address AI data center bottlenecks. The company won six new AI infrastructure data center customers in the quarter, including four neocloud providers. Net income jumped 888% to $93 million, the stock trades at a 12.5 forward P/E and a market cap of about $3 billion, and guidance calls for 40% revenue growth in fiscal 2027. Penguin Solutions has beaten EPS estimates eight consecutive times.