Penguin Solutions Inc. (PENG) Stock Rises on Q2 2026 Earnings

Penguin Solutions Inc. (PENG) reported second-quarter 2026 results.

Revenue: $343.0 million (down 6.2% year‑over‑year)

Gross profit: $93.7 million (down 10.5% year‑over‑year)

Operating profit: $25.7 million (up 39.0% year‑over‑year)

Net income attributable to common shareholders: $30.8 million (up 516.5% year‑over‑year)

Diluted earnings per share: $0.58 (up 544.4% year‑over‑year)

How results compared with expectations:

Revenue: actual $343.0 million versus estimate $344.7 million (slightly below expectations)

Diluted EPS: actual $0.58 versus estimate $0.43 (meaningfully beat estimates)

Cash flow and balance sheet highlights:

Cash from operating activities: $55.0 million (down 24.6% year‑over‑year)

Purchases of property, plant and equipment: $(1.6 million) (down 31.4% year‑over‑year)

Cash and cash equivalents: $489.2 million (down 21.3% year‑over‑year)

Total liabilities: $1.14 billion (down 5.0% year‑over‑year)

Key year‑over‑year trends to watch:

Top-line contraction of about 6.2% versus the prior year.

Compression in gross margin, with gross profit down roughly 10.5%.

Stronger operating results, with operating profit increasing about 39.0%.

A large swing in net profitability, with net income rising over 500% year‑over‑year.

Market reaction: PENG shares were up about 11.6% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Penguin Solutions Inc. Insider Trading Activity

Penguin Solutions Inc. insiders have traded $PENG stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $PENG stock by insiders over the last 6 months:

JOSEPH GATES CLARK (SVP and Pres, Optimized LED) has made 0 purchases and 2 sales selling 11,392 shares for an estimated $227,211.
ANNE KUYKENDALL (SVP and Chief Legal Officer) sold 4,000 shares for an estimated $70,980

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Penguin Solutions Inc. Hedge Fund Activity

We have seen 98 institutional investors add shares of Penguin Solutions Inc. stock to their portfolio, and 146 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 1,706,482 shares (+596.8%) to their portfolio in Q4 2025, for an estimated $33,378,787
JPMORGAN CHASE & CO removed 1,374,283 shares (-89.0%) from their portfolio in Q4 2025, for an estimated $26,880,975
FMR LLC added 1,303,057 shares (+30.9%) to their portfolio in Q4 2025, for an estimated $25,487,794
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 935,088 shares (+inf%) to their portfolio in Q4 2025, for an estimated $18,290,321
OPHIR ASSET MANAGEMENT PTY LTD added 849,178 shares (+234.3%) to their portfolio in Q4 2025, for an estimated $16,609,921
AMERICAN CENTURY COMPANIES INC removed 777,049 shares (-60.0%) from their portfolio in Q4 2025, for an estimated $15,199,078
CROSSLINK CAPITAL INC removed 535,744 shares (-29.0%) from their portfolio in Q4 2025, for an estimated $10,479,152

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Penguin Solutions Inc. Analyst Ratings

Wall Street analysts have issued reports on $PENG in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 02/03/2026
Needham issued a "Buy" rating on 02/03/2026
JMP Securities issued a "Market Outperform" rating on 10/08/2025
Stifel issued a "Buy" rating on 10/06/2025

To track analyst ratings and price targets for Penguin Solutions Inc., check out Quiver Quantitative's $PENG forecast page.

Penguin Solutions Inc. Price Targets

Multiple analysts have issued price targets for $PENG recently. We have seen 4 analysts offer price targets for $PENG in the last 6 months, with a median target of $26.5.

Here are some recent targets:

Kevin Cassidy from Rosenblatt set a target price of $30.0 on 03/30/2026
Matthew Calitri from Needham set a target price of $25.0 on 02/03/2026
Rustam Kanga from JMP Securities set a target price of $26.0 on 10/08/2025
Brian Chin from Stifel set a target price of $27.0 on 10/08/2025