These Analysts Revise Their Forecasts On Penguin Solutions Following Q2 Results

Penguin Solutions Inc. (NASDAQ: PENG) reported Q2 net sales of $343 million, a 6% decline year-over-year but exceeding estimates of $337.938 million. The company raised its fiscal 2026 outlook, projecting net sales growth of 12% year-over-year and increasing non-GAAP EPS guidance to $2.00-$2.30. Following the earnings announcement, shares rose 14% to $20.80, with analysts adjusting price targets; Needham raised theirs from $25 to $27, while Rosenblatt increased theirs from $30 to $32.