Non-GAAP operating margin expanded 140 bps from the prior-year quarter’s reported figure to 16.8%. Non-GAAP income from operations totaled $472 million, up 12.4% from the year-ago quarter’s figure. Non-GAAP operating expenses were up 5% on a year-over-year basis to $345 million. Non-GAAP gross margin expanded 180 basis points (bps) on a year-over-year basis to 29.2%. This figure declined 19% sequentially but was unchanged on a year-over-year basis. Non-HDD segment revenues (8.5%), including enterprise data solutions, cloud systems and SSDs, were $237 million. Revenues from mass capacity storage soared 18.8% year over year but fell 5% quarter over quarter to $1.9 billion. On a sequential basis, revenues were down 9%. Total HDD revenues (91.5% of revenues) increased 3% year over year to $2.565 billion in the reported quarter. Story continues Revenues by Product Group Average capacity rose to 2.0 TB from 1.8TB reported in the prior-year quarter. The company shipped 21.5 exabytes for the Legacy market (includes mission-critical, notebook, desktop, gaming consoles, digital video recorders or DVR and external consumer devices), down 26% year over year in exabyte shipments. In the nearline market, the company shipped 117.5 exabytes of HDD, up 23% year over year and 6% sequentially. Average mass capacity per drive improved sequentially to 10.9 TB from 10 TB. This marked a sequential decline of 3% but a year-over-year improvement of 20% in exabytes shipments. The company shipped 132.7 exabytes for the mass capacity storage market (includes nearline and video and image applications and network-attached storage or NAS). This marked a year-over-year improvement of 10% and a sequential decline of 6% in total HDD exabytes shipments.Īverage mass capacity improved to 6.7 TB from 5.1 TB (up 32%) reported in the year-ago quarter and increased from 6.1 TB (up 10%) reported in the previous quarter. Seagate Technology Holdings PLC Priceĭuring the reported quarter, Seagate shipped 154.2 exabytes of hard disk drive (“HDD”) storage, with an average capacity of record 6.7 terabytes (TB) per drive. In the past year, shares of the company have lost 15.9% of their value against the industry’s decline of 67.5%. Various macro-related headwinds, including COVID lockdowns, negatively impacted the performance of various end-markets like the video and image applications market, noted Seagate. Nearline revenue surged 24% year over year owing to strong uptake of 18 terabyte (TB) drives and initial shipments of 20 TB drives. Healthy demand for its mass capacity storage solutions, especially nearline products from cloud data center customers, boosted the top line. Management had projected revenues of 2.9 billion (+/- 150 million) for the fiscal third quarter. The figure increased 3% on a year-over-year basis but declined 10% sequentially. Non-GAAP revenues of $2.802 billion outpaced the Zacks Consensus Estimate by 0.9%. Management had anticipated non-GAAP earnings per share (EPS) for the fiscal third quarter to be $2.00 per share (+/- 20 cents). The bottom line increased 22% from the year-ago quarter’s figure but declined 25% sequentially. Other categories you might be interested in are 9mm Luger Ammunition, 300 Win Mag Ammo, 357 Magnum Ammunition, 357 Sig Ammunition, 38 Special Ammunition.Seagate Technology Holdings plc STX reported third-quarter fiscal 2022 non-GAAP earnings of $1.81 per share, missing the Zacks Consensus Estimate by 3.2%. Head on over to our Sale & Closeout Prices for big discounts on the gear you want and need most! Don't forget, OpticsPlanet is excited to offer FREE SHIPPING on orders over $49. Get outstanding performance at an affordable price with top brands like Hornady, Nosler, and Remington. Comparing it to other rifle ammunition, 300 Blackout is a cross between popular military rounds like 5.56mm and 7.62mm. Additionally, there's also 300 Blackout subsonic for fans of suppressed fire. Great for target shooting, hunting, and tactical applications, 300 blk ammo is the high-performing low-recoil answer to bulky and cumbersome cartridges. Thanks to its incredible accuracy, the 300 Blackout round is tried and true to be one of the most versatile loads on the market. This centerfire ammo, also referred to as 300 AAC Blackout, is best known for its superb performance and versatility. Ballistic know-how combined with modern technology makes 300 Blackout ammo the go-to for seasoned shooters and marksmen.
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