Penguin Solutions is trading 5.49% higher in pre-market at $75.50 on October 9, 2026. The surge follows its October 6 earnings release, which reported Q4 sales of $566.7 million and non-GAAP EPS of $1.00, and a raised fiscal 2027 revenue outlook to approximately $2.43 billion with non-GAAP EPS guidance of $4.45. Additionally, Bank of America initiated coverage of PENG with a Buy rating and a $100 price target today, further boosting investor sentiment.