NASDAQ$STX
Seagate Technology PLC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Seagate's Q1 2024 financial results were reported, revealing revenue aligned with revised expectations, prioritization of financial discipline, and progress on the HAMR product roadmap.
Seagate Technology reported Q1 2024 revenue of $1.45 billion. The company experienced a GAAP loss per share of $(0.88) and a non-GAAP loss per share of $(0.22). They generated $127 million in cash flow from operations and $57 million in free cash flow.
- Revenue reached $1.45 billion.
- GAAP (loss) per share was $(0.88); non-GAAP (loss) per share was $(0.22).
- Cash flow from operations totaled $127 million, with free cash flow at $57 million.
- A cash dividend of $0.70 per share was declared.
Headline financials
Revenue & EPS history
Seagate · Revenue · Quarterly
$1.45B
Forward guidance
The Company is providing the following guidance for its fiscal second quarter 2024: Revenue of $1.55 billion, plus or minus $150 million and Non-GAAP (loss) per share of $(0.10), plus or minus $0.20.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+6.4%
Avg return
30 days after
52%
35 / 67 earnings
Positive
+22.0%
Q2 2026
Best reaction
-23.9%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -3.4% | +27.5% | +52.1% | |
| Q2 2026 | +22.0% | +16.5% | +9.7% | |
| Q1 2026 | +19.1% | +19.1% | +24.1% | |
| Q3 2025 | +11.6% | +14.7% | +44.5% | |
| Q2 2025 | +10.8% | +10.8% | +5.1% | |
| Q1 2025 | -7.9% | -8.4% | -11.1% | |
| Q4 2024 | +3.2% | -2.4% | -2.8% | |
| Q3 2024 | +2.3% | +1.0% | +9.7% | |
| Q2 2024 | +2.0% | -0.7% | -1.4% | |
| Q1 2024 | +1.6% | +1.7% | +13.4% | |
| Q4 2023 | +6.7% | +9.0% | +10.6% | |
| Q3 2023 | -10.2% | -10.8% | -1.0% | |
| Q2 2023 | +10.9% | +7.3% | +6.2% | |
| Q1 2023 | -10.4% | -14.4% | -5.7% | |
| Q4 2022 | -6.4% | -7.4% | -2.6% | |
| Q3 2022 | +3.7% | +4.1% | +11.3% | |
| Q2 2022 | +9.4% | +13.1% | +10.7% | |
| Q1 2022 | +8.4% | +7.0% | +22.5% | |
| Q4 2021 | -2.7% | +0.9% | +4.6% | |
| Q3 2021 | +6.3% | +12.3% | +12.0% | |
| Q2 2021 | -2.3% | +5.6% | +19.1% | |
| Q1 2021 | -1.8% | -6.1% | +7.6% | |
| Q4 2020 | -10.6% | -8.8% | -8.1% | |
| Q3 2020 | -3.7% | -1.4% | +2.5% | |
| Q2 2020 | -5.6% | -6.6% | -13.3% | |
| Q1 2020 | +0.1% | -0.3% | +2.8% | |
| Q4 2019 | -3.9% | -3.6% | +8.5% | |
| Q3 2019 | +7.5% | +10.4% | -2.3% | |
| Q2 2019 | -0.3% | -0.5% | +2.2% | |
| Q1 2019 | +4.6% | +6.6% | +0.3% | |
| Q4 2018 | -3.8% | -1.5% | +2.4% | |
| Q3 2018 | -5.5% | -3.8% | -2.7% | |
| Q2 2018 | +0.1% | -5.8% | -2.8% | |
| Q1 2018 | +11.2% | +5.6% | +15.4% | |
| Q4 2017 | -18.7% | -18.0% | -22.0% | |
| Q3 2017 | -16.3% | -16.5% | -15.8% | |
| Q2 2017 | +17.3% | +22.4% | +30.3% | |
| Q1 2017 | -1.0% | -2.3% | +11.2% | |
| Q4 2016 | -5.2% | -0.9% | +3.9% | |
| Q3 2016 | -23.9% | — | — | |
| Q2 2016 | +13.6% | — | — | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | -10.8% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | -0.0% | — | — | |
| Q2 2014 | -12.0% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | -6.6% | — | — | |
| Q3 2013 | +8.0% | — | — | |
| Q2 2013 | -9.0% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +7.8% | — | — | |
| Q2 2012 | +21.8% | — | — | |
| Q1 2012 | -11.4% | — | — | |
| Q4 2009 | -12.9% | — | — | |
| Q4 2011 | -12.9% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q1 2010 | +0.9% | — | — |
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