O SEAGATE SUPPLEMENTAL FINANCIAL INFORMATION Q3FY24 APRIL 23, 2024 Safe Harbor Statement and Use of Non-GAAP Financial Information This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. Forward-looking statements include, among other things, statements about ...

Financial Performance - Seagate's Q4FY24 revenue reached $1.89 billion, up 14% sequentially and 18% year-over-year[7, 6, 17] - The non-GAAP gross margin was 30.9% in Q4FY24, a sequential increase of 480 bps[6, 7, 17] - Non-GAAP operating income increased 79% sequentially to $327 million in Q4FY24[6] - Non-GAAP EPS was $1.05, exceeding the high end of the guidance range[6, 7] - Adjusted EBITDA improved sequentially by 45% to $404 million[6] - Free cash flow for Q4FY24 was $380 million, including $226 million from the sale of System-on-Chip Operations[6] - Seagate anticipates Q1FY25 revenue of $2.10 billion ± $150 million and non-GAAP EPS of $1.40 ± $0.20[22] Product and Capacity - Total capacity shipped in Q4FY24 was 114 exabytes, a 15% increase quarter-over-quarter[8, 19] - Average capacity per drive increased by 6% quarter-over-quarter to 9.3 TB[8, 19] - Mass Capacity now represents over 90% of total exabyte shipments[12] - Nearline cloud revenue more than doubled year-over-year[12] Debt and Liquidity - Seagate has $2.9 billion in liquidity, including $1.4 billion in cash and $1.5 billion in a revolving credit facility[26] - Total debt is $5.7 billion with a weighted average interest rate of 5.6% and a weighted average maturity of approximately 5 years[26]

It has been about a month since the last earnings report for Seagate (STX) . Shares have lost about 4.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Seagate due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Seagate's Q4 Earnings Beat EstimatesSeagate reported ...

Seagate Technology Holdings plc (STX) is continuing its upward trajectory, with an appreciation of 19.2% year to date compared with the S&P 500 composite and sub-industry’s growth of 16.5% and 17.6%, respectively.Image Source: Zacks Investment ResearchSolid financial performance is buoying the stock’s trajectory. STX’s earnings beat estimates in three of the last four quarters, delivering an average surprise of 80.9%.Image Source: Zacks Investment ResearchTechnical indicators are also supportive of STX’s st ...

Dividend stocks are one of the best investments you can make. Companies that reward their shareholders with regular, growing payments can help to set you up for a comfortable retirement quickly.Yet not all dividend stocks are made equal. Sometimes company financials have deteriorated to the point where it has no business paying a dividend, or at least not as large as it has been.Even amongst Dividend Aristocrats and Dividend Kings, companies that have increased their payouts for 25 years and 50 years, respe ...

AlexLMX/iStock via Getty Images Seagate Technology Holdings (NASDAQ:STX) is poised to perform well as the global enterprise solid state drives [SSDs] market is expected to grow at a strong pace of about 10.4% annually to 2030. This growth should provide a strong tailwind for Seagate's enterprise storage solutions. Seagate has an attractive valuation with strong expected revenue and earnings growth, which is likely to drive the stock to outperform over the next few years. The recent sell-off in the stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number 001-31560 SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY (Exact name of registrant as specified i ...

Shares of Seagate (STX) have been struggling lately and have lost 5.1% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnin ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Seagate Technology Holdings plc (STX) recently reported better-than-expected fourth-quarter fiscal 2024 results. Non-GAAP earnings of $1.05 per share beat the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter. It also exceeded management's guidance of 70 cents (+/- 20 cents). Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projec ...