STXSeagate Technology Holdings plc

$85B

Q2 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.6B-17.6% YoY

Gross Profit

$362M23.3% margin

Operating Income

$124M8.0% margin

Net Income

-$19M-1.2% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$169M

Free Cash Flow

$99M

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$9.0B

Stockholders' Equity

-$1.8B

Cash & Equivalents

$787M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.9B	-17.6%
Gross Profit	$362M	$246M	+47.2%
Operating Income	$124M	-$160M	+177.5%
Net Income	-$19M	-$33M	+42.4%

Geographic Segments

Asia Pacific

$777M50%

Americas

$544M35%

EMEA

$234M15%

STX Q2 2024 Earnings — Seagate Technology Holdings plc Revenue & Financial Results | Market Cap Arena