Seagate Technology (STX) Sinks on Q4 Miss, Lower Guidance

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Go back to Seagate Technology (STX) Sinks on Q4 Miss, Lower Guidance

Seagate Technology Reports Fourth Quarter and Fiscal Year 2022 Financial Results

July 21, 2022 4:05 PM EDT

Fiscal Q4 2022 Highlights
- Revenue of $2.63 billion
- GAAP gross margin of 28.9%; non-GAAP gross margin of 29.3%
- GAAP diluted earnings per share (EPS) of $1.27; non-GAAP diluted EPS of $1.59

Fiscal Year 2022 Highlights
- Revenue of $11.66 billion
- GAAP gross margin of 29.7%; non-GAAP gross margin of 30.1%
- GAAP operating margin of 16.8%; non-GAAP operating margin of 18.4%
- GAAP diluted EPS of $7.36; non-GAAP diluted EPS of $8.18
- Cash flow from operations of $1.7 billion and free cash flow of $1.3 billion
- Returned $2.4 billion to shareholders through dividends and share repurchases
- Revenue from mass... More