SGH Q4 revenue down 12.6% YoY; FY2023 record gross margins; SMART Brazil sale pending

Penguin Solutions, Inc.

2023-FY EPS reported -$3.65 revenue$1,441,250,000

Q4 continuing ops revenue $316.7M, down 12.6% YoY; Non-GAAP EPS $0.35 vs $0.63.
FY2023 revenue $1.44B (+3.3% YoY); record Non-GAAP gross margin 31.7% (+250bps).
Cash and short-term investments at $391M; strong balance sheet per CEO.
Segment: Intelligent Platform Solutions revenue $145.4M (flat); Memory Solutions down 22% YoY.
SMART Brazil sale (81% interest) classified as discontinued ops; expected close late 2023/early 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Penguin Solutions, Inc. reported financial results for fourth quarter and full year fiscal 2023.

Period: fourth quarter and full year fiscal 2023
Result: reported results

Exact text from the filing

On October 12, 2023, SMART Global Holdings, Inc. (the “Company”) issued a press release and will hold a conference call announcing its financial results for the fourth quarter and full year fiscal 2023.

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Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-034285

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