What move does the options market price into Penguin Solutions's report?

Implied ±20.3%, either direction.

How often does Penguin Solutions move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

PENGNasdaqSemiconductors & Related Devices

Penguin Solutions, Inc. (PENG) earnings date, market-implied expected move, and options open interest by expiry

53.27

+5.77 · +12.15%

post 52.24 −1.94%

Closed19:39 ET

Open48.13Volume2.3MMkt cap$2.9BP/E18.33EPS2.85

Day48.13 – 55.2558%52-wk16.04 – 89.8649%

PENG

Penguin Solutions, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±20.3%implied · report alone

8Q avg ±14.4%·×1.41·rich

42.3963.99

straddle ±30.1%

spot 53.19exp Jan 15ATM strike 55ATM straddle 18.85IV 97%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Jan 5

after close · in 62 days

est.Q1 FY27

Calendar

Next report

Last report

+13.08%

vs ±16.6% implied · ×0.79

shaded = implied · ▲▼ = realized

Oct 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+9.47%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

356 managers

Top fund weight

0.12%

PENG weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Penguin Solutions (PENG) is expected to report on Jan 5 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±15.8%
avg realized: ±14.4%

Apr 2 '25Apr 2 '25confirmed±13.7%▼−10.30%×0.75

Jul 8 '25Jul 8 '25confirmed±13.8%▲+10.57%×0.77

Oct 7 '25Oct 7 '25confirmed±13.3%▼−16.02%×1.21

Jan 6 '26Jan 6 '26confirmed±15.3%▼−13.78%×0.90

Q2 FY26Apr 1 '26confirmed±13.7%▲+13.37%×0.98

Q3 FY26Jul 7 '26confirmed±23.5%▲+25.13%×1.07

Oct 6 '26Oct 6 '26confirmed±16.6%▲+13.08%×0.79

Q4 FY26Oct 6 '26confirmed±16.6%▲+13.08%×0.79

quarterimplied−30%0+30%realized×

Q4 FY26±16.6%▲+13.08%×0.79

Oct '26±16.6%▲+13.08%×0.79

Q3 FY26±23.5%▲+25.13%×1.07

Q2 FY26±13.7%▲+13.37%×0.98

Jan '26±15.3%▼−13.78%×0.90

Oct '25±13.3%▼−16.02%×1.21

2 older reports

Jul '25±13.8%▲+10.57%×0.77

Apr '25±13.7%▼−10.30%×0.75

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 30 close

1.08OI · 5 expiries · Oct 30 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

10,127+40%Nov 2016d0.6914,761+18%0.69

4,384+18%Dec 1844d0.528,419+21%0.52

report · Jan 5 · after close · est.

11,995+1%Jan 1572d11,080+3%

591+3%Mar 19135d0.272,160+21%0.27

1,292+16%Apr 16163d0.442,905+9%0.44

ExpiryPutsCallsP/C

Nov 2016d10,127+40%14,761+18%0.69

Dec 1844d4,384+18%8,419+21%0.52

report · Jan 5 · after close · est.

Jan 1572d11,995+1%11,080+3%1.08

Mar 19135d591+3%2,160+21%0.27

Apr 16163d1,292+16%2,905+9%0.44

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±30.1%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

16.77%derived from FYnet margin · revenue +18.38% QoQ · +67.51% YoY

Revenue

$567M+18.38% QoQ

Gross profit

$156M+17.03% QoQ

27.51% margin

Operating income

$69M+36.57% QoQ

12.26% margin

Pre-tax income

$37M−30.33% QoQ

Net income

$95M+105.72% QoQ

16.77% margin

Cost of revenue

$411M+18.90% QoQ

Operating expenses

$86M+4.96% QoQ

SG&A $60M

R&D $22M

Other operating $4M

Other expense

$32M

Tax benefit

$58M

Revenue$567M+18.38%

Gross profit

$156M+17.03%

27.51% margin

Operating income

$69M+36.57%

12.26% margin

Pre-tax income

$37M−30.33%

Net income

$95M+105.72%

16.77% margin

Cost of revenue

$411M+18.90%

Operating expenses

$86M+4.96%

SG&A $60M

R&D $22M

Other operating $4M

Other expense

$32M

Tax benefit$58M

flow · deduction · signed % = QoQDerived: FY − Q1–Q3 · QE Aug 28 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:30 ET

Intraday

Event sensitivity

NFP ×2.56· ±7.3% vs ±2.8% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±7.3%5 of 10×2.56

PPIproducer prices±4.5%6 of 10×1.58

GDPgross domestic product±3.2%12 of 19×1.13

PCEpersonal income & outlays±2.8%11 of 19×0.99

FOMCrate decision±2.5%12 of 24×0.88

CPIconsumer prices±2.4%7 of 10×0.85

CPROFcorporate profits±2.0%7 of 12×0.70

Bar = avg |move| to ±8% · tick = ±2.8% avg day · ×base = |move| ÷ ±2.8% · min 6 releases

Earnings history

EPS 1.30 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Oct 6 '26 · confirmed	1.30	—
Q3 FY26	Jul 7 '26 · confirmed	0.68	—
Q2 FY26	Apr 1 '26 · confirmed	0.58	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod