{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-000078","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.839402+00:00","generated_at":"2026-06-20T20:52:47.342442+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SGH reports Q1 FY2023: net sales $465.5M, record non-GAAP gross margin 27.8%, EPS mixed","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-000078","json":"https://secwatch.observer/filing/0001628280-23-000078.json","markdown":"https://secwatch.observer/filing/0001628280-23-000078.md","text":"https://secwatch.observer/filing/0001628280-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023000078/0001628280-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023000078/sgh-20230103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:52:47.342442+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d9d662594a682b3b3544321964c2309c8899fa48","claim":"Penguin Solutions, Inc. reported first quarter of fiscal 2023 results: revenue $465 million, EPS $0.10.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023000078/0001628280-23-000078-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2023"},{"label":"Revenue","value":"$465 million"},{"label":"EPS","value":"$0.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}