Penguin Computing ($PENG) reported strong Q3 earnings with $479M revenue (+48% YoY) and raised FY26 guidance to 22% sales growth and $2.60 EPS, driven by AI-related revenue at 74% of sales. The company is positioned in the CXL memory market, offering cost-effective alternatives to GPU memory for AI inference workloads, with management guiding 30% growth for FY27.