secwatch.observer — SEC 8-K summary
======================================

Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001616533-26-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penguin Solutions Q1 FY2026 rev $343M (+1%), GAAP EPS $0.04, announces $46M divestiture of Brazil memory business
--------------------------------------------------------------------------------

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000161653326000008/0001616533-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000161653326000008/peng-20260106.htm
  HTML page:      https://secwatch.observer/filing/0001616533-26-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer