Penguin Solutions $PENG looks attractive right now.

For Q3 2026, which ended in May 2026, revenue came in at $478.71 million, up 47.64% year over year.

EPS increased to $0.68 from a loss of $0.01 in the same quarter last year.

This year's revenue is projected to grow 23%, while EPS is expected to grow 37%.

The stock is now trading at a forward P/E of 22.6, which looks like a reasonable valuation.

Over the past four quarters, the company added 16 new Integrated Memory customers, five of which have since expanded their relationships.

Its AI Infrastructure division added four new customers during the Q3 alone, taking the total to 13 new clients over the past year, with seven subsequently broadening their engagements.

The stock is still up 191% year to date. The pullback from its peak has created a more attractive buying opportunity.