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Dec 31, 2021
Seagate Q2 2022 Earnings Report
Reported strong financial results for the fiscal second quarter of 2022, with revenue of $3.12 billion and non-GAAP EPS of $2.41.
Key Takeaways
Seagate Technology reported strong fiscal second quarter results, achieving its highest revenue level in over 6 years, driven by cloud data center demand. The company reported revenue of $3.12 billion, a GAAP operating margin of 18.6%, and a non-GAAP operating margin of 19.9%.
Revenue of $3.12 billion
GAAP operating margin of 18.6%; non-GAAP operating margin of 19.9%
GAAP diluted earnings per share (EPS) of $2.23; non-GAAP diluted EPS of $2.41
Cash flow from operations of $521 million and free cash flow of $426 million
Forward Guidance
The Company is providing the following guidance for its fiscal third quarter 2022: Revenue of $2.9 billion, plus or minus $150 million and Non-GAAP diluted EPS of $2.00, plus or minus $0.20
Historical Earnings Impact
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Avg. Return Before/After Earnings
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