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Apr 03, 2020
Seagate Q3 2020 Earnings Report
Achieved revenue of $2.72 billion, with a GAAP operating margin of 13.8% and non-GAAP operating margin of 15.5%. GAAP diluted EPS was $1.22, and non-GAAP diluted EPS was $1.38. Generated $390 million in operating cash flow and $260 million in free cash flow.
Key Takeaways
Seagate Technology reported strong financial results for its fiscal third quarter ended April 3, 2020, delivering revenue and non-GAAP EPS above guidance midpoint and generating solid free cash flow despite unprecedented challenges from the COVID-19 pandemic.
Revenue was $2.72 billion.
GAAP operating margin was 13.8%; non-GAAP operating margin was 15.5%.
GAAP diluted earnings per share (EPS) was $1.22; non-GAAP diluted EPS was $1.38.
Generated $390 million in operating cash flow and $260 million in free cash flow.
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal fourth quarter 2020: Revenue of $2.6 billion, plus or minus 7% and Non-GAAP diluted EPS of $1.28, plus or minus 10%.