> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# Penguin Solutions Lifts Fiscal 2027 Sales Outlook To About $2.43 Billion After Fourth-Quarter Sales Rise 68%
- URL: https://www.bullished.co/penguin-solutions-lifts-fiscal-2027-sales-outlook-to-about-2-43-billion-after-fourth-c2be6c0e/
- Published: 2026-10-06T20:36:00.000Z
- Updated: 2026-10-06T20:36:00.000Z
- Description: Memory sales more than doubled and six new AI customers signed, the company said in its 8-K, as it raised its forecast for fiscal 2027.
- Author: Matteo Parrino
- Tags: Earnings, PENG, Industry: Technology

Penguin Solutions reported fourth-quarter net sales of [$567 million](https://www.sec.gov/Archives/edgar/data/0001616533/000161653326000046/pengq4-26form8xkxex991.htm?ref=bullished.co), up 68% from a year earlier, in an [8-K filed Tuesday](https://www.sec.gov/Archives/edgar/data/0001616533/000161653326000046/peng-20261006.htm?ref=bullished.co), and raised its fiscal 2027 outlook above the preliminary view it gave last quarter.

## What the filing says

The quarter ended August 28, 2026\. Net income was $93 million, and diluted earnings per share were $1.29 versus $0.11 a year earlier. On an adjusted basis, earnings were $1.00 per share versus $0.43.

Memory was the engine. Integrated Memory sales rose to $340.8 million from $132.2 million a year earlier, according to the release's tables. Advanced Computing sales rose to $154.0 million from $138.3 million.

For the full fiscal year, net sales were $1.73 billion, up 26%, with net income of $181 million and diluted earnings per share of [$2.60](https://finance.yahoo.com/technology/ai/articles/penguin-solutions-ai-backlog-grows-140700620.html?.tsrc=rss&ref=bullished.co) versus $0.28.

The company said it won six new AI infrastructure customers in the quarter, four of them neoclouds, which rent out AI computing capacity. One neocloud customer with $10 billion in contracted compute from a leading AI lab chose Penguin to deploy and operate a 36,000-GPU AI factory in Norway. Another, publicly traded, has more than $3 billion in signed multi-year contracts.

Penguin also closed a $750 million convertible note offering due 2031 with a 0% coupon.

## The raised outlook

Penguin now expects fiscal 2027 net sales of about $2.43 billion at the midpoint, growth of roughly 40%, plus or minus 10 percentage points. Last quarter's preliminary view implied $2.17 billion, or growth of about 30%.

It projects earnings of $3.50 per share under standard accounting and $4.45 adjusted, growth of about 35% and 55%. Each carries a range of plus or minus $0.70, on 63 million diluted shares.

CEO Kash Shaikh said growth was relatively flat in the first half of fiscal 2026, then reached 48% in the third quarter and 68% in the fourth. "The proof is in the results," he said.

Yahoo Finance had earlier reported the company [lifted its fiscal 2026 sales-growth outlook to 22%](https://finance.yahoo.com/technology/ai/articles/penguin-solutions-ai-backlog-grows-140700620.html?.tsrc=rss&ref=bullished.co).

## Shares and the call

Shares were up about 7% at $68.60 in Tuesday after-hours trading, versus the $64.21 regular-session close. That is an early reading on lighter volume.

Management's conference call began at 4:30 p.m. Eastern Tuesday.

The call is where management can say how quickly the new neocloud wins turn into fiscal 2027 sales.

### Sources

- [8-K Filing — Penguin Solutions, Inc. (PENG)](https://www.sec.gov/Archives/edgar/data/0001616533/000161653326000046/peng-20261006.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit pengq4-26form8xkxex991.htm — Penguin Solutions, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001616533/000161653326000046/pengq4-26form8xkxex991.htm?ref=bullished.co) — SEC EDGAR
- [Penguin Solutions' AI Backlog Grows: Is Future Sales Taking Shape?](https://finance.yahoo.com/technology/ai/articles/penguin-solutions-ai-backlog-grows-140700620.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance