Penguin Solutions raises FY revenue forecast, beats Q4 estimates

AI data center infrastructure provider Penguin Solutions raised its FY27 net sales outlook to about $2.43 billion at midpoint of range versus prior forecast of about $2.17 billion. It also sees FY27 adj EPS at $4.45, compared with analysts' consensus forecast of $3.38. The company reported Q4 revenue of $566.7 million and adj. EPS of $1, beating analysts' estimates.