Seagate Technology Holdings PLC

STX

Equity

ISIN IE00BKVD2N49 / Valor 110498442

NASDAQ (2024-09-18)

USD 100.93-1.12%

Seagate Technology Holdings PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Seagate Technology Holdings PLC is a global leader in data storage solutions, known for its development and manufacturing of hard disk drives (HDDs), solid-state drives (SSDs), and related data storage products. The company has a rich history of innovation, including milestones such as launching the first HDD with Fibre-Channel and achieving significant advancements in storage density. Seagate's product portfolio caters to a wide range of applications, from consumer electronics to enterprise data centers, emphasizing the importance of reliable data storage in today's digital age. Through strategic acquisitions, such as those of LaCie and the Samsung HDD business, Seagate has expanded its market presence and product offerings. The company's commitment to innovation is also evident in its development of technologies like Heat-Assisted Magnetic Recording (HAMR) and Multi Actuator Technology, which aim to meet the growing demand for higher storage capacities and performance.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Seagate Technology Holdings PLC reported revenue of $1.89 billion for the fiscal fourth quarter of 2024, marking an 18% year-over-year increase from the $1.60 billion reported in the same quarter of the previous year. This growth reflects an improving demand environment, particularly in the cloud sector.

Earnings Per Share

For the fiscal fourth quarter of 2024, Seagate Technology Holdings PLC achieved a GAAP diluted earnings per share (EPS) of $2.39, significantly higher than the negative $0.44 reported in the fiscal fourth quarter of 2023. On a non-GAAP basis, the diluted EPS was $1.05, compared to a loss of $0.18 in the same period last year.

Cash Flow and Free Cash Flow

Seagate Technology Holdings PLC generated $434 million in cash flow from operations and $380 million in free cash flow during the fiscal fourth quarter of 2024. This strong cash flow performance underscores the company's ability to generate substantial liquidity from its operations.

Dividend Declaration

The Board of Directors of Seagate Technology Holdings PLC declared a quarterly cash dividend of $0.70 per share, payable on October 7, 2024, to shareholders of record as of September 23, 2024. This dividend reflects the company's commitment to returning capital to its shareholders.

Business Outlook

Looking ahead to the fiscal first quarter of 2025, Seagate Technology Holdings PLC has provided guidance for revenue of $2.10 billion, plus or minus $150 million, and non-GAAP diluted EPS of $1.40, plus or minus $0.20. This outlook is based on current assumptions and expectations, with actual results potentially varying due to various factors.

Summarized from source with an LLMView Source

Key figures

57.1%1Y

20.5%3Y

77.9%5Y

Performance

30.2%1Y

37.2%3Y

38.4%5Y

Volatility