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Mar 31, 2023
Seagate Q3 2023 Earnings Report
Reported financial results for the fiscal third quarter, impacted by customer inventory correction and underutilization charges.
Key Takeaways
Seagate Technology reported revenue of $1.86 billion for the fiscal third quarter 2023. The company experienced a GAAP loss per share of $(2.09) and a non-GAAP loss per share of $(0.28). Cash flow from operations was $228 million, and free cash flow was $174 million.
Revenue reached $1.86 billion.
GAAP loss per share was $(2.09), while non-GAAP loss per share was $(0.28).
Generated $228 million in cash flow from operations and $174 million in free cash flow.
Declared a cash dividend of $0.70 per share.
Seagate
Seagate
Forward Guidance
For the fiscal fourth quarter 2023, Seagate anticipates revenue of $1.7 billion, plus or minus $150 million, and a non-GAAP loss per share of $(0.20), plus or minus $0.20.