Smart Global Holdings ( (PENG) ) has released its Q3 earnings. Here is a breakdown of the information Smart Global Holdings presented to its investors.
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Penguin Solutions, Inc. is a technology company specializing in advanced computing, integrated memory, and optimized LED solutions, focusing on transforming complex challenges into opportunities for its clients. In its third-quarter fiscal 2025 earnings report, Penguin Solutions announced a 7.9% increase in net sales compared to the same quarter last year, reaching $324 million. The company reported a GAAP gross margin of 29.3% and a non-GAAP gross margin of 31.7%, both slightly down from the previous year. Despite a GAAP diluted EPS of $(0.01), the non-GAAP diluted EPS improved to $0.47 from $0.37 in the prior year. Key highlights include strengthened balance sheets through refinancing and a focus on AI software and services capabilities. The company also reported net sales growth across its three main business lines: Advanced Computing, Integrated Memory, and Optimized LED, with Integrated Memory showing the most significant increase. Looking forward, Penguin Solutions has raised its full-year GAAP and non-GAAP diluted EPS outlook, reflecting optimism in its strategic initiatives and market positioning.