{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-010584","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.676173+00:00","generated_at":"2026-06-17T06:29:05.395251+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SGH Q2 FY23: Non-GAAP EPS $0.76 beats guidance; revenue $429M down 4.5%","bullets":["GAAP net loss $27.2M ($0.55 loss per share) vs. profit $2.5M a year ago; Non-GAAP net income $37.6M ($0.76 EPS) above high end of guidance.","Non-GAAP gross margin 28.9% (up 290 bps YoY) and GAAP gross margin 25.7% (up 60 bps YoY).","Record IPS segment revenue of $222M; total net sales $429M down 4.5% YoY.","Cash and equivalents $376M; CEO cites resilience, strategic investments in AI/ML and data analytics."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-010584","json":"https://secwatch.observer/filing/0001628280-23-010584.json","markdown":"https://secwatch.observer/filing/0001628280-23-010584.md","text":"https://secwatch.observer/filing/0001628280-23-010584.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023010584/0001628280-23-010584-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023010584/sgh-20230404.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:29:05.395251+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":"c98e7d78ede5a3d203ccb22d1c129ac4a2689c2a","claim":"Penguin Solutions, Inc. reported second quarter of fiscal 2023 results: revenue $429 million, net income (27.2), EPS $(0.55).","evidence_excerpt":"Second Quarter Fiscal 2023 Highlights • Net sales of $429 million, down 4.5% versus the year-ago quarter • GAAP gross margin of 25.7%, up 60 basis points versus the year-ago quarter • Non-GAAP gross margin of 28.9%, up 290 basis points versus the year-ago quarter • GAAP EPS of $(0.55) versus $0.04 in the year-ago quarter • Non-GAAP EPS of $0.76 versus $0.87 in the year-ago quarter • Cash and cash equivalents of $376 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023010584/0001628280-23-010584-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2023"},{"label":"Revenue","value":"$429 million"},{"label":"Net income","value":"(27.2)"},{"label":"EPS","value":"$(0.55)"},{"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"}