Penguin Solutions, Inc. (PENG) · Oct 6, 2026 · Earnings

Penguin Solutions earnings beat as FY27 AI growth outlook rises

Beat — Q4 revenue $566.7M vs ~$519M consensus; non-GAAP EPS $1.00 vs ~$0.77

Penguin Solutions’ earnings beat expectations, while new AI infrastructure wins support a sharply higher FY27 revenue and EPS outlook.

Penguin Solutions is shifting from a traditional memory and computing supplier toward a full-stack AI factory platform serving enterprises, sovereign AI projects, and neocloud providers. Its platform combines AI compute, advanced memory, software, and deployment services for data-center workloads.

The quarter was a clear earnings beat. Q4 revenue reached $566.7 million versus published expectations of roughly $519 million, while non-GAAP diluted EPS was $1.00 versus approximately $0.77 consensus.

Metric	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Total net sales	$566.7M (Q4 financial table)	$478.7M (Q4 financial table)	$337.9M (Q4 financial table)	$1.731B (Financial Highlights)	$1.369B (Financial Highlights)
Non-GAAP diluted EPS	$1.00 (Q4 reconciliation)	$0.84 (Q4 reconciliation)	$0.43 (Q4 reconciliation)	$2.87 (Financial Highlights)	$1.90 (Financial Highlights)
Non-GAAP operating margin	15.8% (Non-GAAP operating results)	13.4% (Non-GAAP operating results)	11.6% (Non-GAAP operating results)	13.9% (Non-GAAP operating results)	12.2% (Non-GAAP operating results)
FY27 revenue outlook	—	—	—	$2.43B midpoint (Outlook)	—
FY27 non-GAAP EPS outlook	—	—	—	$4.45 midpoint (Outlook)	—

AI demand is now showing up in customer wins and reported revenue. Q4 sales rose 68% year over year, with Integrated Memory climbing to $340.8 million from $132.2 million and Advanced Computing increasing to $154.0 million from $138.3 million (Segment results). The company also said it won six new AI Infrastructure customers in the quarter. 〔0〕

The outlook was raised well beyond the preliminary view. Management had previously indicated roughly 30% FY27 revenue growth, implying a $2.17 billion midpoint; it now expects about $2.43 billion, or approximately 40% growth, alongside $4.45 non-GAAP EPS. That is the most important change in the filing because it shifts the story from a promising AI transition to a faster expected scale-up.

The main constraint is cash conversion, not reported profitability. Operating cash flow was negative $151.9 million for FY26 despite $185.8 million of GAAP net income, as accounts receivable increased by $488.4 million and inventories by $493.6 million (Cash Flow statement). Total current and long-term debt ended the year near $789 million, up from roughly $462 million a year earlier (Balance Sheet). The growth plan is working through the income statement, but the company still has to turn large customer deployments and working-capital investments into cash.

Bottom line: This filing materially strengthens Penguin’s AI infrastructure growth story: the quarter beat expectations and the FY27 outlook moved sharply higher. The next proof point is whether that faster growth converts into cash rather than requiring continued balance-sheet support.

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FY27 Q1 earnings report

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Penguin Solutions earnings beat as FY27 AI growth outlook rises

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