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Apr 01, 2022
Seagate Q3 2022 Earnings Report
Reported financial results consistent with revised outlook, with record nearline product revenue offsetting macro headwinds.
Key Takeaways
Seagate's Q3 2022 financial results showed a revenue of $2.8 billion. The company's GAAP diluted EPS was $1.56, and non-GAAP diluted EPS was $1.81. They generated $460 million in cash flow from operations and $363 million in free cash flow. Seagate returned $571 million to shareholders through dividends and share repurchases.
Revenue of $2.8 billion
GAAP diluted earnings per share (EPS) of $1.56; non-GAAP diluted EPS of $1.81
Cash flow from operations of $460 million and free cash flow of $363 million
Returned $571 million to shareholders through dividends and the repurchase of 4.2 million ordinary shares
Seagate
Seagate
Forward Guidance
The company is providing the following guidance for its fiscal fourth quarter 2022: Revenue of $2.8 billion, plus or minus $150 million and Non-GAAP diluted EPS of $1.90, plus or minus $0.20.