Penguin Solutions: Record Q3 2026 Growth Supports A Higher Price Target
The article discusses Penguin Solutions' record Q3 2026 results, including 48% year-over-year revenue growth to $479 million, with non-GAAP operating income up 67% and EPS up 79% to $0.84. The author reiterates a Strong Buy rating with a revised price target.
Why it matters — PENG watchers would care because the company posted record quarterly revenue and significant earnings growth, with valuation multiples noted as below sector medians despite faster growth rates.