secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001628280-23-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000162828023000078/0001628280-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000162828023000078/sgh-20230103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-000078

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