Penguin Solutions Earnings Beat Estimates. Why the Stock Has Dropped More Than 20%.
1. PENG shares dropped 22% after weak fiscal 2026 sales forecast. 2. Fourth-quarter revenue grew 9% but missed expectations of $342.1 million. 3. Company reported $9.4 million profit, a recovery from last year's loss. 4. Sales growth forecast of 6% falls significantly below analyst predictions. 5. Management expects stronger performance in the second half of the year.