Press release
Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results
Fiscal Q4 2024 Highlights Revenue of $1.89 billion GAAP diluted earnings per share (EPS) of $2.39; non-GAAP diluted EPS of $1.05 Cash flow from operations of
About this update from Seagate Technology Holdings Plc
[{"type":"text","content":"\nFiscal Q4 2024 Highlights\n\n\n\nRevenue of $1.89 billion\n\n\n\nGAAP diluted earnings per share (EPS) of $2.39; non-GAAP diluted EPS of $1.05\n\n\n\nCash flow from operations of $434 million and free cash flow of $380 million\n\n\n\nDeclared cash dividend of $0.70 per share\n\n\n\nFiscal Year 2024 Highlights\n\n\n\nRevenue of $6.55 billion\n\n\n\nGAAP diluted EPS of $1.58; non-GAAP diluted EPS of $1.29\n\n\n\nCash flow from operations of $918 million and free cash flow of $664 million\n\n\n\nReturned $585 million to shareholders through dividends\n\n\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nSeagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal fourth quarter and fiscal year ended June 28, 2024.\n\n\n“Seagate delivered robust financial performance for the June quarter amid an improving cloud demand environment, capping off a fiscal year of strong execution against our financial goals. Q4 revenue grew 18% year-over-year, non-GAAP gross margin expanded to nearly 31%, and non-GAAP EPS exceeded the high end of our guidance range,” said Dave Mosley, Seagate’s chief executive officer.\n\n\n“In fiscal 2025, we are remaining focused on driving profitability and maintaining supply discipline while continuing to execute our mass capacity product roadmap, anchored by our HAMR technology. Our data storage solutions offer our cloud and enterprise customers with cost, power and space advantages that support their investments in critical AI and other data-driven initiatives,” Mosley concluded.\n\n\nQuarterly Financial Results\n\n\n\n\n \n\n\n\n\n\n\nGAAP\n\n\n\n\n\n\n \n\n\n\n\n\n\nNon-GAAP\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nFQ4 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nFQ4 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nFQ4 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nFQ4 2023\n\n\n\n\n\n\n\n\nRevenue ($M)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,887\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,602\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,887\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,602\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n31.8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n19.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n30.9\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n...