secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001616533-26-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penguin Solutions Q2 FY2026: net sales $343M, GAAP EPS $0.58; raises FY outlook
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000161653326000028/0001616533-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000161653326000028/peng-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001616533-26-000028

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