Seagate Technology delivered strong Q4 FY2024 performance with revenue of $1.89 billion, up 18% YoY. The company reported GAAP EPS of $2.39 and non-GAAP EPS of $1.05, exceeding guidance. Gross margin expanded to 31.8% GAAP and 30.9% non-GAAP. The company generated $434 million in operating cash flow and $380 million in free cash flow during the quarter.For the full fiscal year 2024, Seagate recorded revenue of $6.55 billion with GAAP EPS of $1.58 and non-GAAP EPS of $1.29. The company generated $918 million in operating cash flow and returned $585 million to shareholders through dividends. Additionally, Seagate completed the sale of its System-on-Chip Operations for $600 million.Looking ahead to Q1 FY2025, Seagate expects revenue of $2.10 billion (±$150 million) and non-GAAP EPS of $1.40 (±$0.20). The Board declared a quarterly cash dividend of $0.70 per share, payable on October 7, 2024, to shareholders of record as of September 23, 2024.

Seagate Technology delivered strong Q4 FY2024 performance with revenue of $1.89 billion, up 18% YoY. The company reported GAAP EPS of $2.39 and non-GAAP EPS of $1.05, exceeding guidance. Gross margin expanded to 31.8% GAAP and 30.9% non-GAAP. The company generated $434 million in operating cash flow and $380 million in free cash flow during the quarter.For the full fiscal year 2024, Seagate recorded revenue of $6.55 billion with GAAP EPS of $1.58 and non-GAAP EPS of $1.29. The company generated $918 million in operating cash flow and returned $585 million to shareholders through dividends. Additionally, Seagate completed the sale of its System-on-Chip Operations for $600 million.Looking ahead to Q1 FY2025, Seagate expects revenue of $2.10 billion (±$150 million) and non-GAAP EPS of $1.40 (±$0.20). The Board declared a quarterly cash dividend of $0.70 per share, payable on October 7, 2024, to shareholders of record as of September 23, 2024.