Semiconductor maker Penguin Solutions (NASDAQ: PENG) will be reporting results tomorrow after market close. Here’s what to look for.
Penguin Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $343.1 million, flat year on year. It was an exceptional quarter for the company, with a significant improvement in its inventory levels and a beat of analysts’ EPS 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 decline 6.9% year on year, a reversal from the 28.3% 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 to 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 196%. The stock was down 3.8% on the results.
Read our full analysis of Micron’s earnings results here.Late 2025's AI disruption anxiety drove a defensive rotation, but by spring 2026 the US-Iran conflict had become the dominant story, proving that markets rarely dwell on one narrative for long. While some of the semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 11.2% on average over the last month. Penguin Solutions is down 17.9% during the same time and is heading into earnings with an average analyst price target of $26.88 (compared to the current share price of $16.45).
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