Seagate Technology (STX) Tops Q2 EPS by 3c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Above Consensus

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Go back to Seagate Technology (STX) Tops Q2 EPS by 3c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Above Consensus

Seagate Technology Reports Fiscal Second Quarter 2020 Financial Results

February 4, 2020 4:05 PM EST

Reported revenue of $2.7 billion
Expanded GAAP operating margin to 14.2%; non-GAAP operating margin to 15.7%
Delivered GAAP diluted earnings per share (EPS) of $1.20; non-GAAP diluted EPS of $1.35
Returned $315 million to shareholders; declared cash dividend of $0.65 per share

CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for its fiscal second quarter ended January 3, 2020.

In the December quarter, Seagate expanded non-GAAP operating margin by nearly 300 basis points and delivered non-GAAP EPS growth of more than 30% quarter-over-quarter while driving strong operational cash flow in an improving... More