Penguin Options inventory soars 8% on Q1 earnings beat, robust income progress

MILPITAS, Calif. – Penguin Options, Inc. (NASDAQ: PENG) reported better-than-expected first quarter outcomes, sending its fill up 8.2% in after-hours buying and selling Wednesday. The corporate’s robust efficiency was pushed by strong progress in its Superior Computing section.

Penguin Options posted adjusted earnings per share of $0.49, surpassing the analyst consensus of $0.39. Income for the quarter got here in at $341 million, beating estimates of $320.17 million and representing a 24.4% improve YoY.

The corporate’s Superior Computing section was a standout performer, with income surging 49% YoY to $177.4 million. This progress helped offset extra modest beneficial properties in different segments, with Built-in Reminiscence income up 12.9% to $96.7 million and Optimized LED income down 4% to $67 million.

“Our robust efficiency this quarter, highlighted by a 49% year-over-year improve in Superior Computing income, displays the continued execution of our technique to help prospects navigating the complexities of AI infrastructure implementation,” stated CEO Mark Adams.

Gross margin declined to twenty-eight.7% from 30.2% within the year-ago quarter. On a non-GAAP foundation, gross margin was 30.8%, down from 33.3% final 12 months.

Trying forward, Penguin Options reaffirmed its full-year fiscal 2025 outlook, projecting income progress of 15% YoY, plus or minus 5%. The corporate expects non-GAAP EPS of $1.50, plus or minus $0.20.

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