Benchmark Upgrades Seagate Technology (STX) to Hold

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/16/2026

1. VRNS
2. CRWV
3. JBHT
4. SCHW
5. TSLA
6. GPRK
7. TRV
8. TFC
9. TECHM:IN
10. NVDA

Go back to Benchmark Upgrades Seagate Technology (STX) to Hold

Seagate Technology Reports Fiscal Second Quarter 2016 Financial Results

January 29, 2016 8:00 AM EST

CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for the second quarter of fiscal year 2016 ended January 1, 2016. For the second quarter, the Company reported revenue of approximately $3.0 billion, gross margin of 24.8%, net income of $165 million and diluted earnings per share of $0.55. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 25.6%, net income of $246 million and diluted earnings per share of $0.82. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial tables.

During the... More