secwatch.observer — SEC 8-K summary
======================================

Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001628280-24-015443
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SGH Q2 FY2024 revenue $284.8M, non-GAAP EPS $0.27; appoints Pete Manca as IPS President
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/0001628280-24-015443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000162828024015443/sgh-20240408.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-015443

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer