secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001628280-22-025940
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000162828022025940/0001628280-22-025940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000162828022025940/sgh-20221004.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-025940

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