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Jul 02, 2021
Seagate Q4 2021 Earnings Report
Seagate's Q4 2021 financial results revealed strong revenue and EPS growth.
Key Takeaways
Seagate reported strong Q4 2021 results with revenue of $3.01 billion, GAAP EPS of $2.07, and non-GAAP EPS of $2.00. The company's performance was driven by robust demand for mass capacity data storage.
Revenue reached $3.01 billion.
GAAP operating margin was 16.8%, while non-GAAP operating margin was 18.1%.
GAAP diluted EPS was $2.07, and non-GAAP diluted EPS was $2.00.
Cash flow from operations totaled $478 million, with free cash flow at $354 million.
Forward Guidance
Seagate expects revenue of $3.1 billion, plus or minus $150 million, and non-GAAP diluted EPS of $2.20, plus or minus $0.15 for fiscal first quarter 2022.
Positive Outlook
- Revenue of $3.1 billion, plus or minus $150 million
Challenges Ahead
- Non-GAAP diluted EPS excludes known charges related to amortization of acquired intangible assets of $0.02 per share
- Non-GAAP diluted EPS excludes estimated share-based compensation expenses of $0.15 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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