Penguin Solutions Sees Unusual Trading Activity and Strong Revenue Growth

Penguin Solutions saw a significant spike in call options volume, with traders buying 8,401 options, an increase of 58% from the typical daily volume. This trading activity comes after the company reported a near 48% revenue jump in fiscal Q3 and raised guidance, prompting analysts to lift price targets.

PENG saw unusual options activity on July 7, with investors purchasing 8,401 call options, a 58% jump from the typical daily volume of 5,322 . The bullish positioning followed the company's fiscal Q3 2026 results, which showed record net sales of $479 million, up 48% year over year, with AI-driven business lines representing 74% of total sales and growing 104% year over year .

Penguin Solutions raised its full-year fiscal 2026 guidance to roughly 22% net sales growth, up from a prior outlook of about 12%, alongside full-year GAAP EPS guidance of $1.97 and non-GAAP EPS guidance of $2.60. Q3 non-GAAP diluted EPS came in at $0.84, up 79% from $0.47 a year earlier.

Shares surged roughly 8.9% in after-market trading following the earnings release, and the elevated call-option volume the next day suggests traders are positioning for continued momentum in the company's AI infrastructure segment heading into the next print.