NasdaqGS:PENGSemiconductor
Does Q3 Miss Amid AI Pivot Momentum Change The Bull Case For Penguin Solutions (PENG)?
In the past quarter, Penguin Solutions reported Q3 revenue of US$337.9 million, up 8.6% year on year but slightly below analyst expectations, while CEO Mark Adams emphasized 2025 as a year of strong execution in repositioning the company as an enterprise AI infrastructure solutions provider.
Meridian Funds’ recent commentary highlighted Penguin Solutions’ diversified exposure to computing, memory, and LEDs, underscoring how the company’s AI-focused transformation is starting to resonate with...