{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-000948","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2024-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.814423+00:00","generated_at":"2026-06-07T01:31:06.918657+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SGH Q1 rev $274.2M (-30% YoY); GAAP EPS ($0.23); record gross margins; $75M buyback","bullets":["Net sales $274.2M, down 30% YoY; Memory Solutions $85.7M, Intelligent Platform $118.8M, LED $69.8M.","Record GAAP gross margin 30.2% (+160 bps YoY); record non-GAAP gross margin 33.3% (+200 bps YoY).","GAAP diluted EPS $(0.23) vs $(0.08) YoY; non-GAAP EPS $0.24 vs $0.75 YoY.","Divestiture of 81% of SMART Brazil closed Nov 29, 2023; classified as discontinued operations.","Audit Committee approved $75M share repurchase authorization; $150M total over two years."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-000948","json":"https://secwatch.observer/filing/0001628280-24-000948.json","markdown":"https://secwatch.observer/filing/0001628280-24-000948.md","text":"https://secwatch.observer/filing/0001628280-24-000948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024000948/0001628280-24-000948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024000948/sgh-20240109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T01:31:06.918657+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":"5ae0781959a78ea7e5ae2de092ca0dd3a6f27c18","claim":"Penguin Solutions, Inc. reported first quarter of fiscal 2024 results: revenue $274.2 million.","evidence_excerpt":"The following discussion relates to our continuing operations, which exclude SMART Brazil. First Quarter Fiscal 2024 Highlights for Continuing Operations • Net sales of $274.2 million, down 30.0% versus the year-ago quarter • Record GAAP gross margin of 30.2%, up 160 basis points versus the year-ago quarter • Record Non-GAAP gross margin of 33.3%, up 200 basis","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024000948/0001628280-24-000948-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024"},{"label":"Revenue","value":"$274.2 million"},{"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"}