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Jul 03, 2020
Seagate Q4 2020 Earnings Report
Seagate's Q4 2020 financial results were reported, showing revenue of $2.52 billion and GAAP EPS of $0.64.
Key Takeaways
Seagate Technology reported Q4 2020 revenue of $2.52 billion. The company's GAAP EPS was $0.64 and non-GAAP EPS was $1.20. Cloud and data center demand drove record exabyte shipments for nearline mass capacity drives. Economic uncertainty and COVID-19 related disruptions impacted demand in other key end markets.
Revenue was $2.52 billion.
GAAP operating margin was 10.6%; non-GAAP operating margin was 14.8%.
GAAP diluted EPS was $0.64; non-GAAP diluted EPS was $1.20.
Cash flow from operations was $388 million and free cash flow was $274 million.
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal first quarter 2021: Revenue of $2.3 billion, plus or minus $200 million and Non-GAAP diluted EPS of $0.85, plus or minus $0.15.