Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 42

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 income tax liabilities and deferred tax assets and liabilities involves judgment. We calculate and provide for income taxes in each of the tax jurisdictions in which we operate, which involves estimating current tax exposures as well as making judgments regarding the recoverability of deferred tax assets in each jurisdiction. The estimates used could differ from actual results, which may have a significant impact on operating results in future periods.

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Earnings Per ShareThree Months EndedNovember 29,2024December 1,2023Net income (loss) from continuing operations$5,217 $(11,773)Net income (loss) from discontinued operations — (8,148)Net income (loss) attributable to Penguin Solutions – Basic and Diluted$5,217 $(19,921)Weighted-average shares outstanding – Basic53,48252,068Dilutive effect of equity plans and convertible senior notes830—Weighted-average shares outstanding – Diluted54,31252,068Basic earnings (loss) per share:Continuing operations$0.10 $(0.23)Discontinued operations— (0.15)$0.10 $(0.38)Diluted earnings (loss) per share:Continuing operations$0.10 $(0.23)Discontinued operations— (0.15)$0.10 $(0.38)Unweighted antidilutive employee share-based awards excluded from the computation of diluted earnings per share1,371 6,060 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 ordinary shares. 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.

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 group, 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 services, energy, government, education, healthcare and others.•Integrated Memory: Our Integrated Memory