Seagate Technology today reported financial results for its fiscal first quarter ended September 30, 2022.
- Revenue of $2.04 billion
- GAAP diluted earnings per share (EPS) of $0.14; non-GAAP diluted EPS of $0.48
- Cash flow from operations of $245 million and free cash flow of $112 million
- Announced restructuring plan with expected annualized savings of approximately $110 million
- Declared cash dividend of $0.70 per share