Seagate Technology Reports Fiscal Second Quarter 2020 Financial Results

Seagate Technology today reported financial results for its fiscal second quarter ended January 3, 2020.

• Reported revenue of $2.7 billion
• Expanded GAAP operating margin to 14.2%; non-GAAP operating margin to 15.7%
• Delivered GAAP diluted earnings per share (EPS) of $1.20; non-GAAP diluted EPS of $1.35
• Returned $315 million to shareholders; declared cash dividend of $0.65 per share