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Jan 03, 2020
Seagate Q2 2020 Earnings Report
Reported revenue of $2.7 billion, expanded GAAP operating margin to 14.2%, delivered GAAP diluted earnings per share (EPS) of $1.20, and returned $315 million to shareholders.
Key Takeaways
Seagate Technology reported fiscal second quarter 2020 financial results with revenue of $2.7 billion, a GAAP operating margin of 14.2%, and GAAP diluted EPS of $1.20. The company generated $480 million in cash flow from operations and $286 million in free cash flow.
Reported revenue of $2.7 billion.
Expanded GAAP operating margin to 14.2%; non-GAAP operating margin to 15.7%.
Delivered GAAP diluted earnings per share (EPS) of $1.20; non-GAAP diluted EPS of $1.35.
Returned $315 million to shareholders; declared cash dividend of $0.65 per share.
Forward Guidance
The Company is providing the following guidance for its fiscal third quarter 2020: Revenue of $2.7 billion, plus or minus 7% and Non-GAAP diluted EPS of $1.35, plus or minus 7%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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