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discloses $10K monthly stipend and RSU grant","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Aaron Johnson appointed interim CFO effective July 9, 2026; Compensation Committee approved arrangements on June 25, 2026.","Monthly stipend of $10,000, prorated for actual time served, excluded from annual incentive plan.","Grant of 5,153 time-based RSUs under 2017 Plan; vests 25% on July 20, 2027, then quarterly over 3 years.","No other new compensatory arrangements in connection with interim CFO role."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":778276,"accession_number":"0001193125-26-251467","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-06-01T20:17:28+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Penguin Solutions CFO Nate Olmstead to step down; Aaron Johnson named interim CFO; reaffirms FY2026 guidance at high end","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Nate Olmstead resigns as CFO effective July 8, 2026; will not receive severance as departure is voluntary and not due to disagreements.","Aaron Johnson, VP Finance and Accounting, appointed interim CFO effective July 9, 2026; he brings over 16 years of public company experience.","Company reaffirms full-year fiscal 2026 outlook; expects net sales and diluted EPS at high end of prior ranges due to agentic AI demand.","Third quarter fiscal 2026 results scheduled for release on July 7, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":499796,"accession_number":"0001616533-26-000036","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-05-18T20:24:08+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Penguin Solutions appoints David Heard (Nokia exec) to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Heard, President of Network Infrastructure at Nokia, appointed to board, effective May 18, 2026.","Board size increased to eight members; Heard named Class I director with term through 2029 annual meeting.","Heard granted 4,485 RSUs vesting over ~1.5 years under standard independent director compensation.","Heard brings experience scaling optical networking and AI infrastructure; previously CEO of Infinera.","No material relationships requiring disclosure; Board determined Heard independent per Nasdaq rules."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94108,"accession_number":"0001616533-26-000028","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-04-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Penguin Solutions Q2 FY2026: net sales $343M, GAAP EPS $0.58; raises FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $343M (-6% YoY); GAAP diluted EPS $0.58 vs $0.09; non-GAAP EPS $0.52 (unchanged).","Integrated Memory segment net sales $171.6M (+63% YoY); Advanced Computing $115.7M (-42% YoY).","Added five AI/HPC customers including a Tier One financial institution deploying MemoryAI CXL server.","Raised full-year net sales and EPS guidance; CEO cites strong memory demand and AI factory buildouts.","Non-GAAP gross margin 31.2% (+40 bps YoY); GAAP gross margin 27.3% (-130 bps YoY)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":686070000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94107,"accession_number":"0001193125-26-135770","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-04-01T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Penguin Solutions completes sale of remaining 19% stake in Zilia Technologies for $46.08M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold remaining 19% interest in Zilia Technologies to Lexar Europe B.V. for $46.08 million.","Transaction closed on March 30, 2026; Penguin Solutions no longer holds any interest in Zilia.","Buyer previously acquired 81% of Zilia in November 2023; Zilia now wholly owned by Lexar Europe.","Zilia assembles and tests memory modules for electronics manufacturers selling to Brazilian consumers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106237,"accession_number":"0001616533-26-000013","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-02-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Penguin Solutions annual meeting: Papermaster elected, auditor ratified, say-on-pay approved","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["At Feb 6, 2026 annual meeting, 86.30% of voting power represented; Mark Papermaster elected as Class I director with 42.97M votes for.","Ratification of Deloitte & Touche as independent auditor for FY ending Aug 28, 2026 passed with 50.1M for, 0.47M against.","Non-binding advisory vote on named executive officer compensation approved with 43.63M for, 1.31M against (excl. broker non-votes).","Broker non-votes totaled 5.59M shares on director election and say-on-pay proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106236,"accession_number":"0001193125-26-033616","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-02-02T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Penguin Solutions CEO Mark Adams retires; Kash Shaikh appointed as new CEO effective Feb 2, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark Adams resigned as President & CEO and Board member effective Feb 1, 2026; will serve as advisor for 9 months at $24,722/month.","Kash Shaikh appointed President & CEO and Class III director effective Feb 2, 2026; previously CEO of Securonix.","Shaikh's compensation: $890k base salary, 125% target bonus, $2M sign-on bonus, and RSU/PSU equity grants.","Equity awards include 238,188 time-based RSUs, 137,898 supplemental RSUs, 137,898 TSR PSUs, and 238,188 stock price PSUs.","Transition agreement includes continued vesting of Adams' time-based equity awards during consulting period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106235,"accession_number":"0001616533-26-000008","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2026-01-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Penguin Solutions Q1 FY2026 rev $343M (+1%), GAAP EPS $0.04, announces $46M divestiture of Brazil memory business","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $343M (+1% YoY); GAAP diluted EPS $0.04 (vs $0.10 prior); Non-GAAP diluted EPS $0.49 (flat).","GAAP gross margin 28.0% (down 70bps); Non-GAAP gross margin 30.0% (down 80bps).","Divestiture: Selling remaining 19% stake in Zilia Technologies for $46.08M; expected close by March 30, 2026.","Segment net sales: Advanced Computing $151M (down 15%), Integrated Memory $137M (up 41%), Optimized LED $55M (down 18%)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":343071000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122535,"accession_number":"0001193125-25-337077","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-12-30T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Penguin Solutions agrees to sell remaining 19% stake in Zilia for $46.08M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Seller (SMART Modular Technologies) will sell 19% interest in Zilia Technologies to Lexar Europe B.V. for $46.08 million.","Buyer already owns 81% of Zilia; after closing, Zilia becomes wholly owned by Buyer.","Closing expected by March 30, 2026, with extension to April 28, 2026 if approvals delayed.","Penguin Solutions will hold no further stake in Zilia after the transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122534,"accession_number":"0001616533-25-000057","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-10-07T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Penguin Solutions FY25 net sales +17% to $1.37B; GAAP EPS $0.28 vs ($0.85); $75M buyback authorized.","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY25 net sales $1.37B (+17% YoY); GAAP diluted EPS $0.28 vs $(0.85) loss in FY24.","Non-GAAP diluted EPS $1.90, up 53% from $1.25; Q4 non-GAAP EPS $0.43 vs $0.37.","Q4 net sales $338M (+9% YoY); GAAP EPS $0.11 vs $(0.46) loss; AdvComp $138M, IntMem $132M, OptLED $67M.","Board approved $75M stock repurchase authorization; total authorizations $225M; no expiration."],"consensus_eps_estimate":null,"consensus_eps_actual":0.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":1368794000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139231,"accession_number":"0001193125-25-167288","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-07-29T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Penguin Solutions appoints new CRO and SVP of Strategy; Advanced Computing president departs","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tony Frey appointed SVP and Chief Revenue Officer, effective Aug 25, 2025, overseeing global sales for Advanced Computing and Integrated Memory.","Ted Gillick appointed SVP of Strategy and Corporate Development, effective Aug 4, 2025; previously led M&A at Dell Technologies.","Pete Manca ceased as SVP and President of Advanced Computing; role eliminated in organizational restructuring.","New leaders join as part of transformation to an AI Infrastructure Solutions company structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139230,"accession_number":"0001628280-25-034510","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-07-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Penguin Solutions Q3 net sales $324M (+7.9% YoY), Non-GAAP EPS $0.47 vs $0.37; raises FY EPS outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $324M, up 7.9% YoY; GAAP diluted EPS $(0.01) vs $0.10; Non-GAAP diluted EPS $0.47 vs $0.37.","Advanced Computing segment sales $132.5M, Integrated Memory $130.1M, Optimized LED $61.6M.","Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook.","After Q3 close, strengthened balance sheet through refinancing.","CEO cites solid results, focus on AI software/services and go-to-market expansion."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":1030872000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156784,"accession_number":"0001193125-25-152807","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K12B","filed_at":"2025-06-30T23:59:59+00:00","items":["1.01","2.03","3.02","3.03","5.03","5.01","5.02","8.01","7.01","9.01"],"status":"ready","headline":"Penguin Solutions completes redomiciliation from Cayman Islands to Delaware; trading as PENG from July 1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Each Cayman ordinary and preferred share exchanged 1:1 for Delaware common and convertible preferred stock.","Delaware parent fully and unconditionally guarantees $250M 2.25% 2026, $150M 2.000% 2029, and $200M 2.00% 2030 convertible notes.","Same board, executive officers, equity plans, and director compensation continued post-redomiciliation.","Amended and restated certificate of incorporation and bylaws effective; preferred stock terms set in certificate of designation.","Press release issued June 30 announcing completion of scheme of arrangement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156787,"accession_number":"0001193125-25-147869","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-06-26T23:59:59+00:00","items":["1.01","1.02","2.03","7.01","9.01"],"status":"ready","headline":"Penguin Solutions refinances with $400M revolver; reduces funded debt by $200M, extends maturity to 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Closed $400M revolving credit facility to replace $300M Term Loan A and $250M Revolver due 2027.","Borrowed $100M under new facility; used $200M cash to repay $300M outstanding, cutting funded debt by $200M.","New facility matures 2030 (extended from 2027); initial interest rate SOFR+1.75%.","JPMorgan led with BofA, Citizens, PNC, Santander as joint lead arrangers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156786,"accession_number":"0001193125-25-142059","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-06-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Penguin Solutions shareholders approve Cayman-to-US redomiciliation scheme","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Scheme of Arrangement approved by 92.25% of nominal value of shares voted at June 16, 2025 meeting.","Total 38,877,233 shares voted (73.35% of outstanding), with 35,865,957 for and 3,011,276 against.","Court sanction hearing set for June 25, 2025 at 9:30 a.m. Cayman time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.15,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156785,"accession_number":"0001628280-25-016180","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-04-02T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Penguin Solutions Q2 revenue up 28% to $366M; raises full-year outlook; COO Pacheco to retire","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $365.5M, +28.3% YoY; GAAP EPS $0.09, Non-GAAP EPS $0.52 vs $0.27 YoY.","Advanced Computing $200M, Integrated Memory $105M, Optimized LED $60M.","Raising midpoint of full-year revenue guidance due to strong first half.","COO & President of Integrated Memory Jack Pacheco retiring Dec 31, 2025; will become special advisor."],"consensus_eps_estimate":0.3288,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":706621000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175191,"accession_number":"0001193125-25-060907","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Penguin Solutions plans redomicile from Cayman Islands to Delaware, shares to trade as PENG","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved redomiciliation of parent to newly-formed Delaware corporation; shares exchanged 1-for-1.","CEO Mark Adams says move reflects increased US operational focus and will streamline regulatory structure.","Redomiciliation subject to shareholder approval, Cayman Court sanction, and other closing conditions.","Anticipated completion in Q3 2025; common stock to continue trading on Nasdaq under symbol PENG."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175190,"accession_number":"0001628280-25-005193","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-02-12T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Penguin Solutions shareholders elect directors, approve auditor and say-on-pay at 2025 AGM","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Class II directors Min Yong Ha (38.2M for, 1.95M against) and Penelope Herscher (37.5M for, 2.69M against) elected.","Ratification of Deloitte & Touche as independent auditor for FY2025 approved with 45.3M for, 0.77M against.","Non-binding advisory say-on-pay approved with 39.4M for, 0.73M against (1.5% against).","Frequency of say-on-pay set to one year (38.7M votes for one year) as recommended by board.","All proposals passed; broker non-votes were ~5.9M on director and say-on-pay items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175189,"accession_number":"0001628280-25-000939","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2025-01-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Penguin Solutions Q1 FY2025 revenue up 24% to $341M; Non-GAAP EPS $0.49","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP diluted EPS $0.10 vs ($0.23) YoY; Non-GAAP diluted EPS $0.49 vs $0.24 YoY.","Advanced Computing revenue surged 49% YoY to $177.4M, driving total sales of $341.1M.","GAAP gross margin 28.7% (down 150 bps); Non-GAAP gross margin 30.8% (down 250 bps).","Company affirms full fiscal year 2025 outlook based on strong start."],"consensus_eps_estimate":null,"consensus_eps_actual":0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":341102000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192129,"accession_number":"0001193125-24-279100","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-12-16T23:59:59+00:00","items":["1.01","3.02","3.03","5.02","5.03","7.01","9.01"],"status":"ready","headline":"Penguin Solutions closes $200M SK Telecom investment, appoints SKT exec to board, updates FY2025 EPS outlook","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed $200M investment from SKT via 200,000 convertible preferred shares at $1,000 each, convertible at $32.80784 per share.","CPS carry 6% cumulative quarterly dividend payable in-kind or cash at company option.","Appointed Min Yong Ha, SKT Chief Development Officer, to Board of Directors as SKT designee.","FY2025 GAAP EPS outlook lowered to $0.10±0.20; Non-GAAP EPS to $1.50±0.20 due to investment accounting.","Proceeds to enhance AI factory offerings and financial flexibility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192127,"accession_number":"0001628280-24-042888","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K/A","filed_at":"2024-10-16T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"Penguin Solutions files 8-K/A to correct non-GAAP reconciliation omission of $300k","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment corrects omitted 'Other' line item of $300k in non-GAAP gross profit reconciliation.","Omission affected reconciliation table for both Q4 FY2024 and full year ended Aug 30, 2024.","Non-GAAP gross profit figure and all other line items remained correct.","Original earnings press release was furnished Oct 15, 2024; this amendment is procedural."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192128,"accession_number":"0001628280-24-042831","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["2.02","5.03","9.01"],"status":"ready","headline":"Penguin Solutions (ex-SGH) reports Q4 rev $311M, GAAP EPS -$0.46; FY24 rev $1.17B, GAAP EPS -$0.85","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year FY24 net sales $1.17B vs $1.44B in FY23; GAAP EPS $(0.85) vs $0.15; non-GAAP EPS $1.25 vs $2.52.","Q4 net sales $311M, down 1.7% YoY but up sequentially from Q3's $300.6M; non-GAAP EPS $0.37 vs $0.35 YoY.","Name changed to Penguin Solutions, ticker changed from SGH to PENG effective Oct 15, 2024.","Q4 GAAP gross margin 28.0%, down 90 bps YoY; non-GAAP gross margin 30.9%, down 80 bps.","Intelligent Platform Solutions segment Q4 rev $149.4M (+3% sequentially); Memory Solutions $95.8M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":1170796000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192130,"accession_number":"0001628280-24-042166","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"SMART Global sets 2025 AGM for Feb 7; director nomination deadline Oct 13","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Annual general meeting scheduled for February 7, 2025 at 10:00 a.m. PT.","Shareholder director nominations must be received by October 13, 2024.","Other shareholder proposals must be submitted by November 4, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208623,"accession_number":"0001193125-24-207764","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-08-27T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SMART Global Holdings shareholders approve name change to Penguin Solutions, effective Oct 15, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Name Change Proposal approved: 44,979,810 For, 429,960 Against, 63,237 Abstain.","Articles Amendment Proposal approved: 45,001,933 For, 404,671 Against, 66,403 Abstain.","Both changes effective October 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208622,"accession_number":"0001193125-24-206170","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-08-23T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Smart Global amends credit agreement; removes Cree Notes springing maturity, adds $20M threshold for 2026 Notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Entered Third Amendment to Credit Agreement on Aug 21, 2024.","Removes springing maturity trigger related to previously repaid Cree Notes.","Maturity acceleration now only applies if >$20M of 2026 convertible notes remain outstanding.","As of filing, less than $20M of 2026 Notes outstanding, so springing maturity provision currently not triggered.","Amendment reduces risk of early maturity acceleration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208621,"accession_number":"0001193125-24-200635","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["1.01","8.01","2.03","3.02","9.01"],"status":"ready","headline":"SGH upsizes convertible note offering by $25M to $200M; enters capped call to limit dilution","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Initial purchasers exercised option to buy additional $25M of 2.00% Convertible Senior Notes due 2030, closing Aug 14, 2024.","Total net proceeds from offering expected ~$193M after discounts and expenses.","Company used ~$2.04M for Additional Capped Call Transactions, remaining proceeds to repay term loan facility.","Capped call transactions cover shares underlying Option Notes, cap price initially ~$37.70 (75% premium over Aug 1 close)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208620,"accession_number":"0001193125-24-194920","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["1.01","2.03","3.02","8.01","9.01"],"status":"ready","headline":"SGH issues $175M 2.00% convertible notes due 2030; repurchases $80M of 2026 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $175M aggregate principal (upsized from $150M) of 2.00% convertible senior notes due 2030.","Net proceeds ~$168.7M; ~$100.6M used to repurchase $80M of existing 2.25% notes due 2026.","~$14.3M used for capped call transactions; remainder to repay term loan facility.","Initial conversion price ~$28.01 per share; capped call cap price ~$37.70.","Initial purchasers granted option to buy up to additional $25M in notes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208619,"accession_number":"0001193125-24-179141","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-07-16T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"SGH receives $200M strategic investment from SK Telecom for AI infrastructure expansion","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SK Telecom invests $200M in SGH via 200,000 convertible preferred shares at $1,000 per share.","Conversion price of $32.81 per preferred share, a 30% premium to 15-day VWAP as of July 12, 2024.","Preferred shares carry 6% annual dividend (payable in-kind or cash at SGH's option) and are redeemable by SGH.","SKT to receive board representation; standstill and voting obligations apply; closing expected by end of 2024.","SGH plans to use capital to enhance Penguin Solutions AI factory offerings and collaborate on data center solutions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208618,"accession_number":"0001628280-24-031486","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-07-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SGH reports sequential revenue growth; GAAP EPS $0.10, Non-GAAP EPS $0.37 in Q3 FY24","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $300.6M, up 5.5% QoQ; GAAP gross margin 29.6% vs 28.8% prior quarter.","GAAP EPS $0.10 vs $(0.26) prior quarter; Non-GAAP EPS $0.37 vs $0.27, up 37% QoQ.","Segment net sales: Memory Solutions $91.6M, Intelligent Platform Solutions $145.0M, LED Solutions $64.0M.","CEO cited transformation into high-performance enterprise solutions company; focuses on AI deployment opportunity."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":859648000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226334,"accession_number":"0001628280-24-029986","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-06-26T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"SGH appoints Nate Olmstead as CFO, effective June 26, replacing Ken Rizvi","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Nate Olmstead appointed SVP and CFO, succeeding Ken Rizvi who resigned effective June 26.","Olmstead previously CFO of Logitech (2019-2023) and held finance roles at HP/HPE.","Base salary $500k; $180k sign-on bonus (clawback within 1 yr); 80% target annual bonus.","Equity grants: $1.3M RSUs vesting over 4 years; $1.3M PSUs vesting after 3 years on performance.","Severance: 12 months pay/COBRA on non-cause termination; 150% salary plus bonus on change in control."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226333,"accession_number":"0001193125-24-138236","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"SGH CFO Ken Rizvi to resign June 30; COO Jack Pacheco named interim CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ken Rizvi resigns as CFO effective June 30, 2024 to pursue another opportunity; no dispute with company.","Jack Pacheco, current COO and former CFO, becomes interim CFO; no new compensatory arrangements.","SGH reaffirms Q3 FY2024 financial guidance provided on April 9, 2024; no change to outlook.","CEO Mark Adams thanked Rizvi; search for permanent CFO is underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226332,"accession_number":"0001628280-24-015443","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-04-09T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"SGH Q2 FY2024 revenue $284.8M, non-GAAP EPS $0.27; appoints Pete Manca as IPS President","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $284.8M, up 3.9% sequential but down 26.7% YoY from $388.4M.","GAAP diluted EPS $(0.26); non-GAAP EPS $0.27, vs $(0.23) and $0.24 prior quarter.","IPS segment revenue $141.4M, up 19% sequentially; Memory $83.3M, LED $60.1M.","GAAP gross margin 28.8% vs 30.2% prior; non-GAAP 31.5% vs 33.3% prior.","Pete Manca appointed President of IPS, replacing David Laurello; previously SVP at Dell."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":559068000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245361,"accession_number":"0001628280-24-004473","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-02-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SGH shareholders elect three Class I directors, ratify auditor, approve say-on-pay at 2024 AGM","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Sandeep Nayyar elected with 39,266,372 votes for; Mary Puma with 37,183,067; Maximiliane Straub with 38,991,484.","Ratification of Deloitte & Touche as auditor: 46,209,991 for, 431,901 against, 257,378 abstain.","Advisory vote on named executive officer compensation approved: 40,981,824 for, 926,695 against, 151,989 abstain.","All proposals passed with broker non-votes on director elections and say-on-pay."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245360,"accession_number":"0001628280-24-000948","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2024-01-09T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"SGH Q1 rev $274.2M (-30% YoY); GAAP EPS ($0.23); record gross margins; $75M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $274.2M, down 30% YoY; Memory Solutions $85.7M, Intelligent Platform $118.8M, LED $69.8M.","Record GAAP gross margin 30.2% (+160 bps YoY); record non-GAAP gross margin 33.3% (+200 bps YoY).","GAAP diluted EPS $(0.23) vs $(0.08) YoY; non-GAAP EPS $0.24 vs $0.75 YoY.","Divestiture of 81% of SMART Brazil closed Nov 29, 2023; classified as discontinued operations.","Audit Committee approved $75M share repurchase authorization; $150M total over two years."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":274247000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262834,"accession_number":"0001193125-23-285726","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-11-30T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"SGH completes sale of 81% of SMART Brazil to Lexar Europe for $205M EV; receives $140M upfront","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed sale of 81% of SMART Brazil to Lexar Europe (affiliate of Longsys) for $205M enterprise value; received ~$140M upfront cash net of adjustments and withholding tax.","Deferred cash payment of ~$28M (81% of $35M) due 18 months after closing; SGH retains a 19% interest in SMART Brazil.","Put/call option for remaining 19% stake exercisable in three windows (2027-2029) at 7.5x SMART Brazil's fiscal year net income.","Advisors: Banco Itaú BBA (financial) and Latham & Watkins (legal) for SGH."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262833,"accession_number":"0001628280-23-034285","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-10-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SGH Q4 revenue down 12.6% YoY; FY2023 record gross margins; SMART Brazil sale pending","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 continuing ops revenue $316.7M, down 12.6% YoY; Non-GAAP EPS $0.35 vs $0.63.","FY2023 revenue $1.44B (+3.3% YoY); record Non-GAAP gross margin 31.7% (+250bps).","Cash and short-term investments at $391M; strong balance sheet per CEO.","Segment: Intelligent Platform Solutions revenue $145.4M (flat); Memory Solutions down 22% YoY.","SMART Brazil sale (81% interest) classified as discontinued ops; expected close late 2023/early 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.65,"consensus_revenue_estimate":null,"consensus_revenue_actual":1441250000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280024,"accession_number":"0001193125-23-245627","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-09-28T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"SMART Global sets 2024 annual meeting for Feb 9; director nomination deadline Oct 12","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual general meeting scheduled for February 9, 2024 at 10 a.m. Pacific Time.","Shareholder director nominations must be received by October 12, 2023.","Other shareholder proposals must be received by November 5, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280023,"accession_number":"0001193125-23-191480","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Thierry Pellegrino departs as SVP & President, Intelligent Platform Solutions, enters consulting transition","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Thierry Pellegrino ceased as SVP and President, Intelligent Platform Solutions, effective June 27, 2023.","His employment terminated on July 18, 2023, and he entered a transition and separation agreement.","He will provide consulting services through January 31, 2024, subject to earlier termination.","Unvested time-based equity awards will continue to vest during the consulting period.","Severance per prior employment offer letter in exchange for a general release of claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280022,"accession_number":"0001193125-23-189623","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-07-19T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"SGH appoints Mary G. Puma, former Axcelis CEO, to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mary G. Puma appointed to SGH board as Class I director, effective July 15, 2023.","Puma will serve on Audit and Compensation committees.","Puma was president and CEO of Axcelis Technologies from 2002 to May 2023.","Puma currently serves as executive chair of Axcelis board, director of Nordson, and chair of SEMI.","Her term expires at 2024 annual general meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298525,"accession_number":"0001628280-23-023899","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-06-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SMART Global Holdings reports Q3 fiscal 2023 net sales down 17.1% to $383M, GAAP loss per share $0.50","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales of $383 million, down 17.1% year-over-year; GAAP gross margin improved 100 bps to 25.7%.","Non-GAAP gross margin up 230 bps to 28.0%; Non-GAAP EPS of $0.66 compared to $0.87 in prior year.","GAAP net loss attributable to SGH of $24.5 million, or $0.50 per diluted share; prior year net income $24.1 million.","Record cash and cash equivalents of $401 million at quarter end.","Announced agreement on June 13 to sell an 81% interest in SMART Brazil as part of transformation."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":1277982000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298524,"accession_number":"0001193125-23-178611","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-06-29T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"SMART Global appoints Dave Laurello as President, Intelligent Platform Solutions, succeeding Thierry Pellegrino","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Laurello, formerly Stratus Technologies CEO, named President of IPS business effective June 27, 2023.","Thierry Pellegrino ceased as SVP and President, IPS on June 27, 2023.","Laurello joined SGH when it acquired Stratus in August 2022; IPS includes Penguin Solutions and Stratus.","Laurello brings ~25 years of leadership; previous roles at Lucent, Ascend, Digital Equipment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298523,"accession_number":"0001193125-23-165699","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-06-13T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"SGH to sell 81% of SMART Brazil to Lexar Europe for ~$166M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Upfront cash of $137.7M (81% of $170M) plus deferred cash of $28.35M (81% of $35M) at closing.","SGH retains 19% interest; put/call options for remaining stake at 7.5x net income between 2027-2029.","Transaction values 100% of SMART Brazil at $205M enterprise value; expected to close by end of calendar 2023.","SMART Brazil sales were ~$114M for first half of fiscal 2023; deal accretive to non-GAAP gross margins.","SGH to incur one-time non-cash translation adjustment charge and transaction costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298522,"accession_number":"0001628280-23-010584","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-04-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SGH Q2 FY23: Non-GAAP EPS $0.76 beats guidance; revenue $429M down 4.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $27.2M ($0.55 loss per share) vs. profit $2.5M a year ago; Non-GAAP net income $37.6M ($0.76 EPS) above high end of guidance.","Non-GAAP gross margin 28.9% (up 290 bps YoY) and GAAP gross margin 25.7% (up 60 bps YoY).","Record IPS segment revenue of $222M; total net sales $429M down 4.5% YoY.","Cash and equivalents $376M; CEO cites resilience, strategic investments in AI/ML and data analytics."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":894652000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318740,"accession_number":"0001193125-23-035771","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-02-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SGH shareholders elect three Class III directors, ratify Deloitte, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Directors Mark Adams (39.8M for), Bryan Ingram (37.7M), Mark Papermaster (39.9M) elected for 3-year term.","Ratification of Deloitte & Touche as auditor for FY2023: 45.3M for, 0.4M against, 16.9K abstain.","Non-binding advisory vote on named executive officer compensation passed: 39.3M for, 0.6M against.","All proposals carried; no material dissident activity or broker non-votes except 5.67M on director and say-on-pay."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318739,"accession_number":"0001193125-23-013259","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-01-23T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"SMART Global exchanges $150M of 2.25% 2026 notes for 2.00% 2029 notes plus $15.6M cash","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchanged $150M principal of 2.25% Convertible Senior Notes due 2026 for $150M of new 2.000% Convertible Senior Notes due 2029 and ~$15.6M cash premium.","New notes mature Feb 1, 2029, initial conversion price ~$21.23 per share, convertible at holder's option under certain conditions.","Entered capped call transactions with multiple counterparties costing ~$15.1M to reduce dilution; cap price $29.1375 per share.","Portion of existing capped call transactions terminated corresponding to exchanged 2026 notes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318738,"accession_number":"0001193125-23-010617","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-01-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"SGH exchanges $150M of 2.25% notes for 2.000% notes due 2029; repurchases 325K shares","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchanged $150M aggregate principal of existing 2.25% convert notes due 2026 for $150M of new 2.000% notes due 2029 plus ~$15.6M cash premium.","Repurchased ~325,000 ordinary shares at $16.65/share for ~$5.4M in connection with the exchange offering.","New notes have conversion price of ~$21.23 per share (27.5% premium over last sale); capped call cap price of $29.1375.","After exchange, $100M of old notes remain outstanding; SGH will not receive cash proceeds from the new notes.","Entered into new capped call transactions to reduce dilution upon conversion; terminated portion of existing capped calls."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318737,"accession_number":"0001628280-23-000078","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2023-01-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SGH reports Q1 FY2023: net sales $465.5M, record non-GAAP gross margin 27.8%, EPS mixed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales of $465.5M, up 6.3% QoQ from $437.7M, down from $469.9M YoY.","GAAP gross margin 25.4% (up 170 bps QoQ); non-GAAP gross margin 27.8% (record, up 320 bps QoQ).","GAAP diluted EPS $0.10 vs $0.40 prior quarter; non-GAAP diluted EPS $0.79 vs $0.80 prior quarter.","Non-GAAP net income attributable to SGH $39.5M, down from $40.4M QoQ and $56.3M YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":465478000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336952,"accession_number":"0001628280-22-028472","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K/A","filed_at":"2022-11-04T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Stratus Technologies posts $162.8M revenue, $368K net income for FY ended Feb 2022; goodwill $142.9M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total revenue $162.8M ($60.2M product, $102.6M service); gross profit $92.0M.","Net income $368K; operating profit $13.2M; interest expense $11.1M.","Total assets $266.3M including goodwill $142.9M and intangible assets $24.7M.","Long-term debt $153.6M; stockholders' equity $31.7M after $50.0M dividend paid during year.","Cash from operations $14.6M; capex $3.1M; cash and equivalents $21.4M at year-end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336953,"accession_number":"0001628280-22-025940","cik":1616533,"company_name":"Penguin Solutions, Inc.","ticker":"PENG","form_type":"8-K","filed_at":"2022-10-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SGH (SMART Global) reports record FY22 revenue $1.82B (+21% YoY); Q4 net sales down 6% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year FY22 net sales $1.819B, up 21% YoY; GAAP EPS $1.22, non-GAAP EPS $3.62.","Q4 FY22 net sales $437.7M, down 6% YoY; GAAP EPS $0.40, non-GAAP EPS $0.80.","GAAP gross margin FY22 24.9% (+440 bps); Q4 23.7% (-150 bps). Non-GAAP FY22 25.9% (+370 bps).","Repurchased 2.18M shares for $39.8M in Q4; full year 2.63M shares for $50M.","CEO cites record year and transformation; acquired Stratus Technologies in fiscal 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":1.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":1819352000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2714484187.6708307,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-10-04T23:59:59+00:00|336953"}