Seagate Technology (STX) Tops Q3 EPS by 8c, Offers Q4 Guidance

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Go back to Seagate Technology (STX) Tops Q3 EPS by 8c, Offers Q4 Guidance

Seagate Technology Reports Fiscal Third Quarter 2020 Financial Results

April 22, 2020 4:05 PM EDT

Achieved revenue of $2.72 billion

Reported GAAP operating margin of 13.8%; non-GAAP operating margin of 15.5%

Delivered GAAP diluted earnings per share (EPS) of $1.22; non-GAAP diluted EPS of $1.38

Generated $390 million in operating cash flow and $260 million in free cash flow

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

Seagate executed very well in the third quarter while navigating the unprecedented challenges brought on by the COVID-19 pandemic. Our teams worked tirelessly to safeguard the health of their colleagues,... More