Seagate Technology (STX) Prelim. Q4 Revenue Tops Views
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Seagate Technology Announces Preliminary Financial Information for Fiscal Second Quarter 2018 and Completion of Long-Term NAND Supply Agreement With Toshiba Memory Corporation
January 8, 2018 4:05 PM ESTRecord exabyte capacity shipped, up 29% year-over-year Long-term NAND supply agreement with Toshiba Memory Corporation signed to benefit portfolio expansion and portfolio continuity
CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX), a world leader in digital storage solutions, today announced selected preliminary financial information for its fiscal second quarter 2018, which ended on December 29, 2017. Seagate expects to report revenue of approximately $2.9 billion, and GAAP and non-GAAP gross margin of approximately 30%. The Company expects to report record exabyte shipments of approximately 88 exabytes, reflecting drive shipments of approximately... More
