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Oct 01, 2021
Seagate Q1 2022 Earnings Report
Reported solid revenue growth, significant profit expansion, and higher free cash flow generation.
Key Takeaways
Seagate's Q1 2022 shows a strong start to the fiscal year with revenue of $3.12 billion. The company achieved a GAAP EPS of $2.28 and a non-GAAP EPS of $2.35. Free cash flow was $379 million.
Revenue was $3.12 billion.
GAAP operating margin was 18.8%; non-GAAP operating margin was 20.1%.
GAAP diluted EPS was $2.28; non-GAAP diluted EPS was $2.35.
Free cash flow was $379 million.
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal second quarter 2022: Revenue of $3.1 billion, plus or minus $150 million and Non-GAAP diluted EPS of $2.35, plus or minus $0.15