Penguin Solutions Files Q2 2025 10-Q

Ticker: PENG · Form: 10-Q · Filed: 2025-04-02T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, semiconductors, financials

TL;DR

Penguin Solutions (fka SMART Global) dropped its Q2 2025 10-Q. Check financials for product/service segments.

AI Summary

Penguin Solutions, Inc. filed its 10-Q for the period ending February 28, 2025. The company, formerly known as SMART Global Holdings, Inc., reported financial results for its fiscal second quarter. The filing details revenue and expenses related to its product and service segments, with financial data presented for periods including November 30, 2024, to February 28, 2025, and comparable prior periods.

Why It Matters

This filing provides investors with Penguin Solutions' latest financial performance and operational details, crucial for understanding the company's current health and future prospects in the semiconductor industry.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the semiconductor industry can be volatile, and specific financial details within the report could reveal underlying risks.

Key Numbers

20250228 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
20240830 — Fiscal Year End (Defines the company's annual financial reporting cycle.)
3674 — SIC Code (Identifies the company's industry as Semiconductors & Related Devices.)

Key Players & Entities

Penguin Solutions, Inc. (company) — Filer of the 10-Q
SMART Global Holdings, Inc. (company) — Former name of Penguin Solutions, Inc.
February 28, 2025 (date) — End of the reporting period
November 30, 2024 (date) — Start of a reporting period
August 30, 2024 (date) — Fiscal year end

FAQ

What were the specific revenue figures for the product and service segments for the quarter ending February 28, 2025?

The filing indicates periods for product and service segments from November 30, 2024, to February 28, 2025, but specific dollar amounts for these segments are not detailed in the provided header information.

What is the company's primary business activity based on its SIC code?

The company's Standard Industrial Classification (SIC) code is 3674, which corresponds to Semiconductors & Related Devices.

When did SMART Global Holdings, Inc. change its name to Penguin Solutions, Inc.?

The date of the name change from SMART Global Holdings, Inc. to Penguin Solutions, Inc. was August 13, 2014.

What is the filing date of this 10-Q report?

This 10-Q report was filed on April 2, 2025.

What is the company's principal business address?

The business address is 39870 Eureka Drive, Newark, CA 94560-4809.

From the Filing

0001628280-25-016182.txt : 20250402 0001628280-25-016182.hdr.sgml : 20250402 20250402161148 ACCESSION NUMBER: 0001628280-25-016182 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 111 CONFORMED PERIOD OF REPORT: 20250228 FILED AS OF DATE: 20250402 DATE AS OF CHANGE: 20250402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Penguin Solutions, Inc. CENTRAL INDEX KEY: 0001616533 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 981013909 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0830 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38102 FILM NUMBER: 25804560 BUSINESS ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 BUSINESS PHONE: (510) 623-1231 MAIL ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 FORMER COMPANY: FORMER CONFORMED NAME: SMART Global Holdings, Inc. DATE OF NAME CHANGE: 20140813 10-Q 1 sgh-20250228.htm 10-Q sgh-20250228 0001616533 2025 Q2 false 8/29 P2Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure sgh:tradingDay sgh:day sgh:exerciseWindow sgh:director sgh:segment 0001616533 2024-08-31 2025-02-28 0001616533 2025-03-27 0001616533 2025-02-28 0001616533 2024-08-30 0001616533 us-gaap:ProductMember 2024-11-30 2025-02-28 0001616533 us-gaap:ProductMember 2023-12-02 2024-03-01 0001616533 us-gaap:ProductMember 2024-08-31 2025-02-28 0001616533 us-gaap:ProductMember 2023-08-26 2024-03-01 0001616533 us-gaap:ServiceMember 2024-11-30 2025-02-28 0001616533 us-gaap:ServiceMember 2023-12-02 2024-03-01 0001616533 us-gaap:ServiceMember 2024-08-31 2025-02-28 0001616533 us-gaap:ServiceMember 2023-08-26 2024-03-01 0001616533 2024-11-30 2025-02-28 0001616533 2023-12-02 2024-03-01 0001616533 2023-08-26 2024-03-01 0001616533 us-gaap:CommonStockMember 2024-08-30 0001616533 us-gaap:PreferredStockMember 2024-08-30 0001616533 us-gaap:AdditionalPaidInCapitalMember 2024-08-30 0001616533 us-gaap:RetainedEarningsMember 2024-08-30 0001616533 us-gaap:TreasuryStockCommonMember 2024-08-30 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-08-30 0001616533 us-gaap:ParentMember 2024-08-30 0001616533 us-gaap:NoncontrollingInterestMember 2024-08-30 0001616533 us-gaap:RetainedEarningsMember 2024-08-31 2024-11-29 0001616533 us-gaap:ParentMember 2024-08-31 2024-11-29 0001616533 us-gaap:NoncontrollingInterestMember 2024-08-31 2024-11-29 0001616533 2024-08-31 2024-11-29 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-08-31 2024-11-29 0001616533 us-gaap:CommonStockMember 2024-08-31 2024-11-29 0001616533 us-gaap:AdditionalPaidInCapitalMember 2024-08-31 2024-11-29 0001616533 us-gaap:TreasuryStockCommonMember 2024-08-31 2024-11-29 0001616533 us-gaap:CommonStockMember 2024-11-29 0001616533 us-gaap:PreferredStockMember 2024-11-29 0001616533 us-gaap:AdditionalPaidInCapitalMember 2024-11-29 0001616533 us-gaap:RetainedEarningsMember 2024-11-29 0001616533 us-gaap:TreasuryStockCommonMember 2024-11-29 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-11-29 0001616533 us-gaap:ParentMember 2024-11-29 0001616533 us-gaap:NoncontrollingInterestMember 2024-11-29 0001616533 2024-11-29 0001616533 us-gaap:RetainedEarningsMember 2024-11-30 2025-02-28 0001616533 us-gaap:ParentMember 2024-11-30 2025-02-28 0001616533 us-gaap:NoncontrollingInterestMember 2024-11-30 2025-02-28 0001616533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-11-30 2025-02-28 0001616533 us-gaap:CommonStockMember 2024-11-30 2025-02-28 0001616533 us-gaap:AdditionalPaidInCapitalMember 2024-11-30 2025-02-28 0001616533 us-gaap:TreasuryStockCommonMember 2024-11-30 2025-02-28 0001616533 us-gaap:PreferredStockMember 2024-11-30 2025-02-28 0001616533 us-gaap:CommonStockMember 2025-02-28 0001616533 us-gaap:PreferredStockMember 2025-02-28 0001616533 us-gaap:AdditionalPaidInCapitalMember 2025-02-28 0001616533 us-gaap:RetainedEarningsMember 2025-02-28 0001616533 us-gaap:TreasuryStockCommonMember 2025-02-28 00