Why did PENG move on Jul 7, 2026?

Penguin Solutions reported Q3 fiscal 2026 earnings that beat expectations, with actual EPS of $0.71 beating the $0.49 estimate by 45%. The company reported adjusted EPS of $0.84 versus the $0.54 estimate [7], [10], [11] on net sales of $478.7 million, which beat the $400.7 million estimate [9], [11]. Additionally, the stock was boosted as Penguin Solutions raised its full-year adjusted EPS guidance to a range of $2.55 to $2.65, up from its previous outlook of $2.00 to $2.30 [13].