---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-031486"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2024-07-09T23:59:59+00:00"
generated_at: "2026-05-31T22:35:57.025470+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-031486
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2024-07-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000162828024031486/0001628280-24-031486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000162828024031486/sgh-20240709.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-031486
- JSON: https://secwatch.observer/filing/0001628280-24-031486.json
- Plain text: https://secwatch.observer/filing/0001628280-24-031486.txt

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