Seagate Technology (STX) Misses Q3 EPS by 5c; Guides Q4 Below Street at Midpoint

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Go back to Seagate Technology (STX) Misses Q3 EPS by 5c; Guides Q4 Below Street at Midpoint

Seagate Technology Reports Fiscal Third Quarter 2022 Financial Results

April 27, 2022 8:05 AM EDT

Revenue of $2.8 billion GAAP diluted earnings per share (EPS) of $1.56; non-GAAP diluted EPS of $1.81 Cash flow from operations of $460 million and free cash flow of $363 million Returned $571 million to shareholders through dividends and the repurchase of 4.2 million ordinary shares

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for its fiscal third quarter ended April 1, 2022.

Seagate's March quarter financial results were consistent with our revised outlook, with record nearline product revenue driven by cloud customers partially... More