SGH reports Q1 FY2023: net sales $465.5M, record non-GAAP gross margin 27.8%, EPS mixed

Penguin Solutions, Inc.

2023-Q1 EPS reported $0.10 revenue$465,478,000

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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Penguin Solutions, Inc. reported first quarter of fiscal 2023 results: revenue $465 million, EPS $0.10.

Period: first quarter of fiscal 2023
Revenue: $465 million
EPS: $0.10
Result: reported results

Exact text from the filing

First Quarter Fiscal 2023 Highlights • Net sales of $465 million, up 6.3% versus the prior quarter • GAAP gross margin of 25.4%, up 170 basis points versus the prior quarter • Non-GAAP gross margin of 27.8%, up 320 basis points versus the prior quarter • GAAP EPS of $0.10 versus $0.40 in the prior quarter • Non-GAAP EPS of $0.79 versus $0.80 in the prior quarter • Closed acquisition of Stratus Technologies on August 29, 2022

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-000078

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.