Seagate to Announce Q2 2024 Earnings Jan 24; Conference Call Set

TL;DR

**Seagate is dropping Q2 earnings today, get ready for potential stock moves!**

AI Summary

Seagate Technology Holdings plc filed an 8-K on January 24, 2024, to announce its upcoming second fiscal quarter 2024 financial results. The company will release these results after the market closes on January 24, 2024, and will host a conference call at 2:00 PM PT / 5:00 PM ET to discuss them. This matters to investors because the financial results will provide crucial insights into the company's performance, profitability, and future outlook, directly impacting the stock's valuation and investor confidence.

Why It Matters

This filing signals that Seagate's latest financial health will be revealed, which is critical for investors to assess the company's performance and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: medium — Earnings announcements carry inherent volatility as results can significantly impact stock price, making this a medium-risk event for investors.

Analyst Insight

A smart investor would monitor the Q2 2024 earnings release and the subsequent conference call on January 24, 2024, to understand Seagate's financial health and future guidance before making any investment decisions.

Key Players & Entities

• Seagate Technology Holdings plc (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of earliest event reported and earnings release
• 2:00 PM PT (time) — start time of the conference call
• 5:00 PM ET (time) — start time of the conference call

Forward-Looking Statements

• Seagate's stock price will experience increased volatility on January 25, 2024, following the earnings release. (Seagate Technology Holdings plc) — high confidence, target: 2024-01-25
• Analysts will issue updated ratings and price targets for Seagate based on the Q2 2024 results. (Seagate Technology Holdings plc) — medium confidence, target: 2024-01-31

FAQ

Key Financial Figures

• $0.00001 — Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Select
• $0.70 — y declared a quarterly cash dividend of $0.70 per share, which will be payable on Apr

Filing Documents

• stx-20240124.htm (8-K) — 33KB
• stxq224pressreleasefinanci.htm (EX-99.1) — 333KB
• seagatelogoa.jpg (GRAPHIC) — 59KB
• 0001137789-24-000004.txt ( ) — 584KB
• stx-20240124.xsd (EX-101.SCH) — 2KB
• stx-20240124_lab.xml (EX-101.LAB) — 23KB
• stx-20240124_pre.xml (EX-101.PRE) — 12KB
• stx-20240124_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 24, 2024, Seagate Technology Holdings plc (the "Company" or "Seagate") issued a press release reporting its financial results for the fiscal second quarter ended December 29, 2023. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1. The information in this Item 2.02 and the exhibit hereto are "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 24, 2024, the Board of Directors of the Company declared a quarterly cash dividend of $0.70 per share, which will be payable on April 4, 2024 to shareholders of record as of the close of business on March 21, 2024. Seagate has issued a Supplemental Financial Information document. The Supplemental Financial Information is available on Seagate's Investor Relations website at investors.seagate.com. Seagate management will hold a public webcast on January 24, 2024 at 2:00 p.m. Pacific / 5:00 p.m. Eastern that can be accessed on its Investor Relations website at investors.seagate.com. During the webcast, the Company will provide an outlook for its fiscal third quarter of 2024 including key underlying assumptions. A replay will be available on Seagate's Investor Relations website at investors.seagate.com shortly following the conclusion of the event and will be archived for approximately one year. Investors and others should note that the Company routinely uses the Investor Relations section of its corporate website to announce material information to investors and the marketplace. While not all of the information that the Company posts on its corporate website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in the Company to review the information that it shares on investors.seagate.com. The information in this Item 7.01 is "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is attached to this Current Report on Form 8-K: Exhibit No. Description 99.1 Press release, dated January 24, 2024, of Seagate Technology Holdings plc entitled "Seagate Technology Reports Fiscal Second Quarter 2024 Financial Results." 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY Date: January 24, 2024 By: /s/ Gianluca Romano Name: Gianluca Romano Title: Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR