Seagate Technology (STX) Tops Q2 EPS by 13c

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Go back to Seagate Technology (STX) Tops Q2 EPS by 13c

Seagate Technology Reports Fiscal Second Quarter 2018 Financial Results

January 29, 2018 8:01 AM EST

CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for the quarter ended December 29, 2017. For the second quarter, the Company reported revenue of $2.9 billion, gross margin of 30.1%, net income of $159 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 30.4%, net income of $431 million and diluted earnings per share of $1.48.

During the second quarter, the Company generated $850 million in cash flow from operations and $773 million in free cash flow. Cash and cash equivalents... More