---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-042831"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:36:01.419212+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Penguin Solutions (ex-SGH) reports Q4 rev $311M, GAAP EPS -$0.46; FY24 rev $1.17B, GAAP EPS -$0.85

## Summary
- Full-year FY24 net sales $1.17B vs $1.44B in FY23; GAAP EPS $(0.85) vs $0.15; non-GAAP EPS $1.25 vs $2.52.
- Q4 net sales $311M, down 1.7% YoY but up sequentially from Q3's $300.6M; non-GAAP EPS $0.37 vs $0.35 YoY.
- Name changed to Penguin Solutions, ticker changed from SGH to PENG effective Oct 15, 2024.
- Q4 GAAP gross margin 28.0%, down 90 bps YoY; non-GAAP gross margin 30.9%, down 80 bps.
- Intelligent Platform Solutions segment Q4 rev $149.4M (+3% sequentially); Memory Solutions $95.8M.

## SEC filing metadata
- accession: 0001628280-24-042831
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000162828024042831/0001628280-24-042831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000162828024042831/peng-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-042831
- JSON: https://secwatch.observer/filing/0001628280-24-042831.json
- Plain text: https://secwatch.observer/filing/0001628280-24-042831.txt

## Key facts
- Governance Changes
  Penguin Solutions, Inc.: Company changed name from SMART Global Holdings, Inc. to Penguin Solutions, Inc. and filed Third Amended and Restated Memorandum and Articles of Association effective October 15, 2024 (effective 2024-10-15).
  - Change: charter amendment
  - Effective: 2024-10-15
  source text: As previously announced, effective October 15, 2024, the Company changed its name from SMART Global Holdings, Inc. to Penguin Solutions, Inc. pursuant to the Company’s Third Amended and Restated Memorandum and Articles of Association (the “Articles of Association”) filed with the Cayman Islands Registrar of Companies on October 15, 2024 (the “Name Change”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000162828024042831/0001628280-24-042831-index.htm

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