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Apr 02, 2021
Seagate Q3 2021 Earnings Report
Reported strong financial results driven by ongoing operational execution and record sales of high capacity nearline drives.
Key Takeaways
Seagate Technology reported strong Q3 financial results with revenue of $2.73 billion. The company's GAAP EPS was $1.39 and non-GAAP EPS was $1.48. They generated $378 million in cash flow from operations and $274 million in free cash flow.
Revenue of $2.73 billion
GAAP operating margin of 14.1%; non-GAAP operating margin of 15.4%
GAAP diluted earnings per share (EPS) of $1.39; non-GAAP diluted EPS of $1.48
Generated $378 million in cash flow from operations and $274 million in free cash flow
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal fourth quarter 2021: Revenue of $2.85 billion, plus or minus $150 million and Non-GAAP diluted EPS of $1.60, plus or minus $0.15