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AI English summary of an SEC filing — figures as filed

Seagate Technology logoSeagate Technology STX

The company reported revenue of $1,887 million, GAAP net income of $513 million and GAAP diluted earnings per share of $2.39 for fiscal 2024 Q4, the 3-month period ended June 28, 2024. For the same quarter, non-GAAP net income was $222 million and non-GAAP diluted earnings per share were $1.05.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company reported revenue of $1,887 million, GAAP net income of $513 million and GAAP diluted earnings per share of $2.39 for fiscal 2024 Q4, the 3-month period ended June 28, 2024. For the same quarter, non-GAAP net income was $222 million and non-GAAP diluted earnings per share were $1.05.

  2. Seagate said it recognized a pre-tax net gain of $313 million related to the sale of its System-on-Chip Operations in April 2024 and excluded the gain from its non-GAAP measures. GAAP net income for Q4 was $513 million, and non-GAAP net income was $222 million.

  3. The company said its board declared a quarterly cash dividend of $0.70 per share. The company also gave fiscal 2025 Q1 guidance of revenue of $2.10 billion (plus or minus $150 million) and non-GAAP diluted earnings per share of $1.40 (plus or minus $0.20).

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Fiscal 2024 Q4 Revenue and Net Income

The company reported revenue of $1,887 million, GAAP net income of $513 million and GAAP diluted earnings per share of $2.39 for fiscal 2024 Q4, the 3-month period ended June 28, 2024. For the same quarter, non-GAAP net income was $222 million and non-GAAP diluted earnings per share were $1.05.

Source · Based on the filing body and exhibits

Gain on Business Sale and GAAP vs. Non-GAAP Differences

Seagate said it recognized a pre-tax net gain of $313 million related to the sale of its System-on-Chip Operations in April 2024 and excluded the gain from its non-GAAP measures. GAAP net income for Q4 was $513 million, and non-GAAP net income was $222 million.

Source · Based on the filing body and exhibits

Quarterly Dividend and Fiscal 2025 Q1 Outlook

The company said its board declared a quarterly cash dividend of $0.70 per share. The company also gave fiscal 2025 Q1 guidance of revenue of $2.10 billion (plus or minus $150 million) and non-GAAP diluted earnings per share of $1.40 (plus or minus $0.20).

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.