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Dec 30, 2022
Seagate Q2 2023 Earnings Report
Reported mixed results for the fiscal second quarter, managing through a tough macroeconomic environment.
Key Takeaways
Seagate Technology reported revenue of $1.89 billion and a GAAP diluted loss per share of $(0.16) for the fiscal second quarter ended December 30, 2022. The company generated $251 million in cash flow from operations and $172 million in free cash flow. They reduced debt by $220 million, exiting the quarter with $6.0 billion in total debt, and $770 million in cash and cash equivalents.
Revenue of $1.89 billion
GAAP diluted (loss) per share of $(0.16); non-GAAP diluted earnings per share (EPS) of $0.16
Cash flow from operations of $251 million and free cash flow of $172 million
Declared cash dividend of $0.70 per share
Forward Guidance
The Company is providing the following guidance for its fiscal third quarter 2023: Revenue of $2.0 billion, plus or minus $150 million and Non-GAAP diluted EPS of $0.25, plus or minus $0.20.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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