Seagate Technology (STX) Misses Q1 EPS by 1c, Offers Guidance

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Seagate Technology Reports Fiscal First Quarter 2024 Financial Results

October 26, 2023 8:05 AM EDT

Fiscal Q1 2024 Highlights

Revenue of $1.45 billion GAAP (loss) per share of $(0.88); non-GAAP (loss) per share of $(0.22) Cash flow from operations of $127 million and free cash flow of $57 million Declared cash dividend of $0.70 per share Strong execution on mass capacity product roadmap extending areal density leadership

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for its fiscal first quarter ended September 29, 2023.

Seagates first quarter results were in line with our revised expectations. During a... More