Semiconductor maker Penguin Solutions (NASDAQ: PENG) will be reporting earnings this Tuesday afternoon. Here’s what to look for.
Penguin Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $343 million, down 6.2% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
Is Penguin Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Penguin Solutions’s revenue to grow 25.7% year on year, improving from the 7.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Penguin Solutions has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Penguin Solutions’s peers in the semiconductors segment, only Micron has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 346%.
Read our full analysis of Micron’s earnings results here.Markets spent late 2025 hand-wringing over AI’s threat to software and crypto, only for the US-Iran conflict to seize the narrative in 2026. While some of the semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Penguin Solutions is down 4.5% during the same time and is heading into earnings with an average analyst price target of $50.14 (compared to the current share price of $61.75).
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