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Dec 29, 2023
Seagate Q2 2024 Earnings Report
Seagate reported strong financial results, with revenue growth and non-GAAP EPS returning to profitability.
Key Takeaways
Seagate Technology reported fiscal second quarter 2024 financial results with revenue of $1.56 billion and a GAAP loss per share of $(0.09). Non-GAAP diluted earnings per share (EPS) was $0.12. The company generated $169 million in cash flow from operations and $99 million in free cash flow.
Revenue reached $1.56 billion.
GAAP loss per share was $(0.09).
Non-GAAP diluted EPS was $0.12.
Free cash flow was $99 million.
Forward Guidance
The company is providing the following guidance for its fiscal third quarter 2024: Revenue of $1.65 billion, plus or minus $150 million and Non-GAAP diluted EPS of $0.25, plus or minus $0.20.
Positive Outlook
- Revenue of $1.65 billion, plus or minus $150 million
Challenges Ahead
- 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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