---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034285"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:46:46.916420+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-034285
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000162828023034285/0001628280-23-034285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000162828023034285/sgh-20231012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034285
- JSON: https://secwatch.observer/filing/0001628280-23-034285.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034285.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000162828023034285/0001628280-23-034285-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.