Seagate Updates Fiscal Fourth Quarter 2021 Guidance
2021年6月8日 - 9:30PM
ビジネスワイヤ(英語)
Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or
“Seagate”), a world leader in data storage infrastructure
solutions, today announced that the Company is increasing its
revenue and earnings guidance for its fiscal fourth quarter ending
July 2, 2021.
"Strong, broad-based demand for our products into the mass
capacity markets and distribution channel is driving upside to our
fourth quarter outlook," said Dave Mosley, Seagate’s chief
executive officer. “We are excited by the positive momentum we are
seeing globally and leveraging the agility of our manufacturing
operations to address the rapidly changing demand environment.”
Business Outlook
The Company is offering the following updated guidance for its
fiscal fourth quarter 2021:
Previous
April 22, 2021
Updated
June 8, 2021
Revenue
$2.85 billion +/- $150 million
$2.95 billion +/- $150 million
Non-GAAP diluted EPS
$1.60 +/- $0.15
$1.85 +/- $0.15
Investor Event
Seagate’s chief financial officer, Gianluca Romano, will be
presenting at the Bank of America 2021 Global Technology
Conference, which is scheduled to begin today at 8:30 AM PT / 11:30
AM ET.
A live audio webcast of the presentation can be accessed online
at Seagate’s Investor Relations website at investors.seagate.com. A
replay of the webcast will be available for at least 30 days
following the event.
About Seagate
Seagate Technology crafts the datasphere, helping to maximize
humanity’s potential by innovating world-class,
precision-engineered data storage and management solutions with a
focus on sustainable partnerships. A global technology leader for
more than 40 years, the company has shipped over three billion
terabytes of data capacity. Learn more about Seagate by visiting
www.seagate.com or following us on Twitter, Facebook, LinkedIn,
YouTube, and subscribing to our blog.
© 2021 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology, and the Spiral logo are registered trademarks
of Seagate Technology LLC in the United States and/or other
countries.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements provide current expectations of
future events based on certain assumptions and include any
statement that does not directly relate to any historical fact.
Forward-looking statements include, among other things, statements
regarding the drivers of the updated guidance for the fiscal
quarter ending July 2, 2021; about the Company’s plans, strategies
and prospects, financial outlook for future periods, including the
fiscal fourth quarter 2021; expectations regarding the Company’s
products; our ability to ramp production, storage industry trends
and market demand; , the Company’s ability to meet market and
industry expectations and the effects of these future trends; and
expectations on the Company’s business for the fiscal quarter
ending July 2, 2021 and beyond. Forward-looking statements
generally can be identified by words such as “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,”
“projects,” “should,” “may,” “will,” "will continue," "can,"
"could" or the negative of these words, variations of these words
and comparable terminology. Information concerning risks,
uncertainties and other factors that could cause results to differ
materially from the expectations described in this press release
include, among others, those risks and uncertainties included under
the captions “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the
Company’s Annual Report on Form 10-K for the year ended July 3,
2020 filed with the U.S. Securities and Exchange Commission (“SEC”)
on August 7, 2020 and the Company's Quarterly Report on Form 10-Q
for the quarter ended April 2, 2021 filed with the SEC on April 29,
2021. Undue reliance should not be placed on the forward-looking
statements in this press release, which are based on information
available to us on, and which speak only as of, the date hereof.
The Company undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, unless required by applicable law.
The inclusion of Seagate’s website addresses in this press
release are provided for convenience only. The information
contained in, or that can be accessed through, Seagate’s websites
and social media channels are not part of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210608005459/en/
Media Contact: Gregory Belloni (415) 235-9092
gregory.belloni@seagate.com
Investor Relations Contact: Shanye Hudson (510) 661-1714
shanye.hudson@seagate.com
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