secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001628280-23-023899
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMART Global Holdings reports Q3 fiscal 2023 net sales down 17.1% to $383M, GAAP loss per share $0.50
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000162828023023899/0001628280-23-023899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000162828023023899/sgh-20230629.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-023899

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