---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-025940"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2022-10-04T23:59:59+00:00"
generated_at: "2026-06-23T05:34:54.392219+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SGH (SMART Global) reports record FY22 revenue $1.82B (+21% YoY); Q4 net sales down 6% YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-025940
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2022-10-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000162828022025940/0001628280-22-025940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000162828022025940/sgh-20221004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-025940
- JSON: https://secwatch.observer/filing/0001628280-22-025940.json
- Plain text: https://secwatch.observer/filing/0001628280-22-025940.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.