The company said revenue for Q2 (ended December 27, 2024, 3 months) was $2,325 million ($1,555 million in the same period a year earlier), with GAAP gross margin of 34.9% and GAAP operating margin of 21.0%.

1. 01

   The company said revenue for Q2 (ended December 27, 2024, 3 months) was $2,325 million ($1,555 million in the same period a year earlier), with GAAP gross margin of 34.9% and GAAP operating margin of 21.0%.

2. 02

   Seagate reported GAAP net income of $336 million ($1.55 per diluted share) and non-GAAP net income of $433 million ($2.03 per diluted share) for Q2, and said it had a GAAP net loss of $19 million in the same period a year earlier.

3. 03

   The company said it generated $221 million in operating cash flow and $150 million in free cash flow in Q2, returned $148 million to shareholders through its quarterly dividend, and ended the quarter with cash and cash equivalents of $1.2 billion.

4. 04

   The company declared a quarterly cash dividend of $0.72 per share and gave revenue guidance of $2.10 billion (plus or minus $150 million) and non-GAAP diluted EPS guidance of $1.70 (plus or minus $0.20) for fiscal Q3, the company said.

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.

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

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