Seagate Technology Holdings Plc (STX) Earnings Report, Financial Results, Financial analysis

Seagate Technology Holdings Plc reported in the forth quarter of 2023 net loss per share of $-0.44 compare to earnings per share of $1.27 in the same quarter a year ago and improved compare to net loss per share of $-2.09 realized in previous quarter.

*forth quarter of 2023*
Earnings Per Share	Revenues
$ -0.44	$ 1,602 Mill
$-1.71	$-1,026M -39.04 %

Seagate Technology Holdings Plc's Revenue fell by -39.04 % in forth quarter of 2023 (Jun 30 2023) year on year, to $1,602 million and declined by -13.87 % sequentially.

Seagate Technology Holdings Plc is Expected to report next financial results on October 26, 2023.

More on STX's Income Statement

STX's NET INCOME

Seagate Technology Holdings Plc's in theforth quarter of 2023 recorded net loss of $-92.000 million, compare to net income of $276.000 million achieved in IV. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-433.000 million realized in previous quarter.

More on STX's Growth

Seagate Technology Holdings Plc Inventories
Inventories declined by -27.16 % to $1,140.00 million from IV. Quarter a year ago, sequentially inventories fell by -5 %. STX's Cash flow In theforth quarter of 2023 company's net cash flow was $20 million, capital expenditures grew by -30.56%, to $-50 millions compare to same quarter a year ago and rose by -7.41% from III. Quarter (Mar 31 2023).

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Earnings quality

Seagate Technology Holdings Plc payed out dividend of $2.81 per share in last 52 weeks

In trailing twelve-month period Seagate Technology Holdings Plc earned $ 4.56 cash per share, on a free-cash flow basis .

Tangible Book value fell to $ -11.79 per share from $ -10.83.

Company repurchased 0.36 million shares or 0.17 % in Jun 30 2023.

• More on STX's Dividends

Market Capitalization (Millions)	13,618
Shares Outstanding (Millions)	207
Total Debt (Millions $)	5,451
Revenue (TTM) (Millions $)	7,384
Net Income (TTM) (Millions $)	-529
Cash Flow (TTM) (Millions $)	171
Capital Exp. (TTM) (Millions $)	-316
Dividend TTM ($)	2.81 $
Dividend Yield TTM (%)	4.26 %
Employees (TTM) $	40,000

Earnings quality

Seagate Technology Holdings Plc payed out dividend of $2.81 per share in the last 52 weeks

In trailing twelve-month period Seagate Technology Holdings Plc had $ 4.56 cash flow per share, on a free-cash flow basis .

Tangible Book value fell to $ -11.79 per share from $ -10.83.

Company repurchased 0.36 million shares or 0.17 % in Jun 30 2023.

• More on STX's Balance Sheets

Market Capitalization (Millions)	13,618
Shares Outstanding (Millions)	207
Total Debt (Millions $)	5,451
Revenue (TTM) (Millions $)	7,384
Net Income (TTM) (Millions $)	-529
Cash Flow (TTM) (Millions $)	171
Capital Exp. (TTM) (Millions $)	-316
Dividend TTM ($)	2.81 $
Dividend Yield TTM (%)	4.26 %
Employees (TTM) $	40,000

Seagate Technology Holdings Plc

STX's Financial Statements and Analysis