Company: PENG
Filing Date: 2025-07-08
Form Type: 10-Q
Source: 0001628280-25-034541
Chunk: 161

Company: Penguin Solutions, Inc.
Filing Date: 2025-07-08
Form: 10-Q
Item: Part II, Item 8
Chunk 161
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3,033 — 5,633 — Income available for distribution(372)5,616 10,327 (27,925)Income allocated to participating securities— — 678 — Net income available to ordinary shareholders$(372)$5,616 $9,649 $(27,925)Weighted-average shares outstanding – Basic53,13052,57053,35552,219Dilutive effect of equity plans and Convertible Senior Notes6081,713981—Weighted-average shares outstanding – Diluted53,73854,28354,33652,219Basic earnings (loss) per ordinary share:Continuing operations$(0.01)$0.11 $0.18 $(0.38)Discontinued operations— — — (0.15)$(0.01)$0.11 $0.18 $(0.53)Method used:Two-ClassTwo-ClassDiluted earnings (loss) per ordinary share:Continuing operations$(0.01)$0.10 $0.18 $(0.38)Discontinued operations— — — (0.15)$(0.01)$0.10 $0.18 $(0.53)Unweighted anti-dilutive shares:Equity plans1,6088481,2956,077Convertible Senior Notes————Preferred shares6,096—6,096—7,704 848 7,391 6,077 Upon any conversion of our Convertible Senior Notes, we will be required to pay cash in an amount at least equal to the principal portion and have the option to settle any amount in excess of the principal portion in cash and/or shares 

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of common stock. As a result, only the amounts expected to be settled in excess of the principal portion are considered in calculating diluted earnings per share under the if-converted method.

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Segment and Other InformationSegment information presented below is consistent with how our chief operating decision maker evaluates operating results to make decisions about allocating resources and assessing performance. We have the following three business units, which are our reportable segments:•Advanced Computing: Our Advanced Computing segment, under our Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the internet of things that span the continuum of edge, core and cloud. Our solutions are designed specifically for customers across multiple markets, including hyperscale, financial