{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-015443","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.265169+00:00","generated_at":"2026-06-04T00:57:25.459471+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SGH Q2 FY2024 revenue $284.8M, non-GAAP EPS $0.27; appoints Pete Manca as IPS President","bullets":["Net sales $284.8M, up 3.9% sequential but down 26.7% YoY from $388.4M.","GAAP diluted EPS $(0.26); non-GAAP EPS $0.27, vs $(0.23) and $0.24 prior quarter.","IPS segment revenue $141.4M, up 19% sequentially; Memory $83.3M, LED $60.1M.","GAAP gross margin 28.8% vs 30.2% prior; non-GAAP 31.5% vs 33.3% prior.","Pete Manca appointed President of IPS, replacing David Laurello; previously SVP at Dell."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-015443","json":"https://secwatch.observer/filing/0001628280-24-015443.json","markdown":"https://secwatch.observer/filing/0001628280-24-015443.md","text":"https://secwatch.observer/filing/0001628280-24-015443.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/0001628280-24-015443-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/sgh-20240408.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T00:57:25.459471+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":"8e912890f1b2628640e9072a82a030e4c092a0ca","claim":"Penguin Solutions, Inc. reported second quarter of fiscal 2024 results: revenue $284.8 million, net income $(13.6) million, EPS $(0.26).","evidence_excerpt":"EX-99.1 (EX-99.1) --- Press Release FOR IMMEDIATE RELEASE SGH REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS IPS revenue up 19 percent sequentially; total SGH revenue of $285 million Milpitas, Calif. – April 9, 2024 – SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the second quarter of fiscal 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/0001628280-24-015443-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2024"},{"label":"Revenue","value":"$284.8 million"},{"label":"Net income","value":"$(13.6) million"},{"label":"EPS","value":"$(0.26)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4eabb6b725","claim":"Pete Manca was appointed as President, Intelligent Platform Solutions (IPS) at Penguin Solutions, Inc..","evidence_excerpt":"On April 9, 2024, the Company announced the appointment of Pete Manca as the Company’s President, Intelligent Platform Solutions (“IPS”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/0001628280-24-015443-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Intelligent Platform Solutions (IPS)"}],"fact_type":"executive_change"},{"claim_id":"8328cec200","claim":"David Laurello departed as Senior Vice President and President, IPS at Penguin Solutions, Inc..","evidence_excerpt":"Mr. Manca succeeds David Laurello, who ceased serving as the Company’s Senior Vice President and President, IPS, effective as of April 8, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/0001628280-24-015443-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Senior Vice President and President, IPS"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}