Penguin Solutions (PENG) reported record-breaking Q3 2026 financial results, featuring a "beat-and-raise" performance with net sales of $478.7 million (up 48% YoY) and non-GAAP EPS of $0.84, significantly exceeding analyst estimates. The growth was primarily driven by the Integrated Memory segment, which surged 111% YoY due to AI-driven infrastructure demand. Sentiment remains bullish as the former CEO of $SIVE is reportedly supporting the stock following these earnings.