Seagate Technology Reports financial results for the second quarter of 2021

News Highlights: Seagate Technology Reports financial results for the second quarter of 2021

– Revenue of $ 2.62 billion – GAAP operating margin of 13.3%; non-GAAP operating margin of 14.7% – GAAP diluted earnings per share (EPS) of $ 1.12; non-GAAP diluted earnings per share of $ 1.29 – cash flow from operations of $ 473 million and free cash flow of $ 314 million – returned $ 1.2 billion to shareholders through dividends and the repurchase of 18 million common stock – announced cash dividend of $ 0.67 per share

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the fiscal second quarter ended January 1, 2021.

“Seagate delivered strong double-digit sales, earnings and free cash flow growth in the December quarter, supported by broad improvement in nearly every market and region served, and we had solid customer demand for our mass products,” said Dave Mosley, Seagate’s CEO.

“We have also reached our technology milestone by shipping 20 terabytes of HAMR drives in calendar 2020, paving the way for …

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