Seagate Q2 2021 Earnings Report
Key Takeaways
Seagate Technology reported fiscal second quarter 2021 financial results with revenue of $2.62 billion, GAAP EPS of $1.12, and non-GAAP EPS of $1.29. The company generated $473 million in cash flow from operations and $314 million in free cash flow. Seagate returned $1.2 billion to shareholders through dividends and share repurchases.
Revenue was $2.62 billion.
GAAP operating margin was 13.3%; non-GAAP operating margin was 14.7%.
GAAP diluted EPS was $1.12; non-GAAP diluted EPS was $1.29.
Cash flow from operations was $473 million and free cash flow was $314 million.
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal third quarter 2021: Revenue of $2.65 billion, plus or minus $200 million and Non-GAAP diluted EPS of $1.30, plus or minus $0.15