Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) jumped 8.2% in the afternoon session after several Wall Street analysts raised their price targets on the company's stock. The bullish sentiment from Wall Street follows the company's third-quarter earnings report released the previous day. While Penguin Solutions reported a 7.9% year-over-year increase in revenue to $324 million, it slightly missed consensus estimates. However, the company posted a strong beat on non-GAAP earnings per share, surpassing analyst expectations. Buoyed by the solid earnings performance, particularly driven by its AI-related strategy, Penguin Solutions raised its full-year fiscal 2025 non-GAAP EPS guidance.
As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
Penguin Solutions (PENG) will report its Q3 results on July 8. Analyst expects slight revenue decline but projects growth in Advanced Computing segment.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at processors and graphics chips stocks, starting with Nvidia (NASDAQ:NVDA).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at processors and graphics chips stocks, starting with Lattice Semiconductor (NASDAQ:LSCC).
Let’s dig into the relative performance of Penguin Solutions (NASDAQ:PENG) and its peers as we unravel the now-completed Q1 processors and graphics chips earnings season.
Semiconductors are the silicon backbone of the digital revolution. The amount of data we ingest is also increasing exponentially, leading to elevated demand for chips with more processing power.
This secular trend has buoyed the industry, which has posted a six-month return of 3.4%, almost identical to the S&P 500.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at processors and graphics chips stocks, starting with AMD (NASDAQ:AMD).
