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Neogen Stock Jumps 11% After Guidance Raise

SEC / Neogen2 min read6 sources

Why is Neogen stock up today?

Neogen (NEOG) stock rose 11% on Wednesday from a $11.96 close after the food-safety testing company beat quarterly estimates and raised its full-year guidance.

Key numbers

Neogen FY2027 revenue guidance$885M–$890Mfrom $880M–$885M
Neogen FY2027 adjusted EBITDA guidance$181M–$183Mfrom $180M–$182M
Neogen core revenue growth8.1%Q1 vs year ago
Neogen stock move Wednesday+11%from $11.96 close (per [3])
Penguin Q4 net sales$567M+68% YoY
Penguin FY2027 adjusted EPS guidance$4.45plus or minus $0.70

What happened

Neogen (NEOG) stock rose 11% on Wednesday from a $11.96 close after the food-safety testing company beat quarterly estimates and raised its full-year guidance. Neogen reported $222.8 million in quarterly sales and now expects $885 million to $890 million for the year, up from $880 million to $885 million. Penguin Solutions (PENG), which sells computing and memory for AI data centers, jumped over 15% in morning trading after sales rose 68% to $567 million. It also raised its yearly sales growth forecast to about 40%.

Why it matters

Neogen's raised forecast matters because the company is still losing money, so higher guidance (its own outlook for sales and profit) suggests its turnaround is gaining traction. Penguin Solutions shows how AI data-center spending is lifting companies that supply memory and computing systems. A company's own forecast often moves its stock as much as the quarter it just reported.

Who this affects

Marketbullish
Low impact
Investors in both stocks gained as forecasts rose.
Companybullish
Medium impact
Neogen shareholders gain; higher outlook backs its turnaround effort.
Competitorsneutral
Low impact
Food-safety testing rivals face a steadier Neogen.
Industrybullish
Medium impact
AI hardware suppliers like Penguin benefit from strong data-center demand.

Neogen vs Penguin Solutions

NeogenNEOG—+11%$222.8M$885M–$890M revenue
Penguin SolutionsPENG$73.88+15% (morning)$567M (+68%)~40% sales growth

As of 2026-10-07

How we got here

  1. Neogen reports first-quarter results and raises full-year outlook; shares close down 8.07% at $11.96.

  2. Penguin Solutions reports $567M fourth-quarter sales, up 68%, and raises its fiscal 2027 outlook.

  3. Neogen shares rise 11% and Penguin Solutions shares jump over 15% in morning trading.

What to watch

  • Neogen expects about $140M in proceeds from its genomics business sale by end of December.2026-12-31
  • Neogen guided to roughly 3.5% core growth in the first half of the year.Q2 2026
  • Penguin Solutions' next quarterly results will test its roughly 40% growth outlook.Fiscal Q1 2027

Educational content only. Not investment advice.

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