SGH reports sequential revenue growth; GAAP EPS $0.10, Non-GAAP EPS $0.37 in Q3 FY24

Penguin Solutions, Inc.

2024-Q3 EPS reported -$0.53 revenue$859,648,000

Net sales $300.6M, up 5.5% QoQ; GAAP gross margin 29.6% vs 28.8% prior quarter.
GAAP EPS $0.10 vs $(0.26) prior quarter; Non-GAAP EPS $0.37 vs $0.27, up 37% QoQ.
Segment net sales: Memory Solutions $91.6M, Intelligent Platform Solutions $145.0M, LED Solutions $64.0M.
CEO cited transformation into high-performance enterprise solutions company; focuses on AI deployment opportunity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.