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Jul 01, 2022
Seagate Q4 2022 Earnings Report
Reported fourth quarter and fiscal year 2022 financial results, impacted by Covid restrictions and weakening economic conditions.
Key Takeaways
Seagate's Q4 2022 revenue was $2.63 billion, with a GAAP EPS of $1.27 and non-GAAP EPS of $1.59. The results reflect stable mass capacity storage demand, offset by Covid restrictive measures in Asia and weakening global economic conditions.
Revenue of $2.63 billion
GAAP gross margin of 28.9%; non-GAAP gross margin of 29.3%
GAAP diluted earnings per share (EPS) of $1.27; non-GAAP diluted EPS of $1.59
Generated $180 million in cash flow from operations and $108 million in free cash flow
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal first quarter 2023: Revenue of $2.5 billion, plus or minus $150 million and Non-GAAP diluted EPS of $1.40, plus or minus $0.20