Seagate (STX) offers better-than-expected guidance as macro improves

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Go back to Seagate (STX) offers better-than-expected guidance as macro improves

Seagate Technology Reports Fiscal Second Quarter 2024 Financial Results

January 24, 2024 4:05 PM EST

Fiscal Q2 2024 Highlights

Revenue of $1.56 billion GAAP (loss) per share of $(0.09); non-GAAP diluted earnings per share (EPS) of $0.12 Cash flow from operations of $169 million and free cash flow of $99 million Declared cash dividend of $0.70 per share Launch of Mozaic platform marking a major inflection point in mass capacity storage

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

"Seagate delivered strong financial results in the... More