secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001628280-24-042831
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000162828024042831/0001628280-24-042831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000162828024042831/peng-20241015.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-042831

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