Press release
Seagate Updates Fiscal Fourth Quarter 2021 Guidance
FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a world leader in data storage infrastructure
About this update from Seagate Technology Holdings Plc
[{"type":"text","content":" FREMONT, Calif.--(BUSINESS WIRE)--\nSeagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a world leader in data storage infrastructure solutions, today announced that the Company is increasing its revenue and earnings guidance for its fiscal fourth quarter ending July 2, 2021.\n\n\"Strong, broad-based demand for our products into the mass capacity markets and distribution channel is driving upside to our fourth quarter outlook,\" said Dave Mosley, Seagate’s chief executive officer. “We are excited by the positive momentum we are seeing globally and leveraging the agility of our manufacturing operations to address the rapidly changing demand environment.”\n\nBusiness Outlook\n\nThe Company is offering the following updated guidance for its fiscal fourth quarter 2021:\n\n\n\n \n\n\n \n\nPrevious \n\n\nApril 22, 2021\n\n\n \n\nUpdated \n\n\nJune 8, 2021\n\n\n\n\n\nRevenue\n\n\n \n\n$2.85 billion +/- $150 million\n\n\n \n\n$2.95 billion +/- $150 million\n\n\n\n\n\nNon-GAAP diluted EPS\n\n\n \n\n$1.60 +/- $0.15\n\n\n \n\n$1.85 +/- $0.15\n\n\n\n\nInvestor Event\n\nSeagate’s chief financial officer, Gianluca Romano, will be presenting at the Bank of America 2021 Global Technology Conference, which is scheduled to begin today at 8:30 AM PT / 11:30 AM ET.\n\nA live audio webcast of the presentation can be accessed online at Seagate’s Investor Relations website at investors.seagate.com. A replay of the webcast will be available for at least 30 days following the event.\n\nAbout Seagate\n\nSeagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our blog.\n\n© 2021 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries.\n\nCautionary Note Regarding Forward-Looking Statements \n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigatio...