Penguin Solutions Is Heating Up, But It's Still Down 30% From Its All-Time High. Here's What Investors Should Know Before It Reports Earnings in Early October.

Key Points AI tailwinds have lifted the memory stock to a 188% return this year. Meta Platforms' Muse agentic AI app will increase the demand for memory products. The majority of Pengiun's revenue and sales growth is coming from its integrated memory segment. 10 stocks we like better than Penguin Solutions › Memory and AI data center stock Penguin Solutions (NASDAQ: PENG) has been on a tear in 2026, with a 188% year-to-date gain. It has also been in a bit of a slump, as it is down by more than 30% from the all-time high it set in early July. With that said, Penguin Solutions is scheduled to report its fiscal fourth-quarter results on Oct. 6, and a pre-earnings rally has taken shape.