Penguin Solutions reports Q3 adjusted EPS 84c, consensus 56c

Reports Q3 revenue $479M, consensus $421.36M. "Penguin Solutions delivered a record quarter, exceeding expectations for both net sales and EPS. This profitable growth acceleration reinforces our confidence that our AI Factory Platform strategy is working. Integrated Memory net sales more than doubled year over year, and our AI Infrastructure business continued to build momentum, reflecting strong demand and execution across our memory and AI Infrastructure portfolio," said Kash Shaikh, CEO of Penguin Solutions.