{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-023899","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2023-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.676778+00:00","generated_at":"2026-06-13T14:54:17.795155+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SMART Global Holdings reports Q3 fiscal 2023 net sales down 17.1% to $383M, GAAP loss per share $0.50","bullets":["Net sales of $383 million, down 17.1% year-over-year; GAAP gross margin improved 100 bps to 25.7%.","Non-GAAP gross margin up 230 bps to 28.0%; Non-GAAP EPS of $0.66 compared to $0.87 in prior year.","GAAP net loss attributable to SGH of $24.5 million, or $0.50 per diluted share; prior year net income $24.1 million.","Record cash and cash equivalents of $401 million at quarter end.","Announced agreement on June 13 to sell an 81% interest in SMART Brazil as part of transformation."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-023899","json":"https://secwatch.observer/filing/0001628280-23-023899.json","markdown":"https://secwatch.observer/filing/0001628280-23-023899.md","text":"https://secwatch.observer/filing/0001628280-23-023899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023023899/0001628280-23-023899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023023899/sgh-20230629.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:54:17.795155+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":"4e0dc45884b30e04f06d7165fbb59ccf3c2b9476","claim":"Penguin Solutions, Inc. reported third quarter of fiscal 2023 results: revenue $383.3 million, net income $(24.5) million, EPS $(0.50).","evidence_excerpt":"Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the third quarter of fiscal 2023. Third Quarter Fiscal 2023 Highlights • Net sales of $383 million, down 17.1% versus the year-ago quarter • GAAP gross margin of 25.7%, up 100 basis points versus the year-ago quarter • Non-GAAP gross margin of 28.0%, up 230 basis points versus","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828023023899/0001628280-23-023899-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2023"},{"label":"Revenue","value":"$383.3 million"},{"label":"Net income","value":"$(24.5) million"},{"label":"EPS","value":"$(0.50)"},{"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"}