Seagate Technology Holdings plc
For the period ended Jun 28, 2024. Filed Aug 2, 2024.
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FY2024 · Filed Aug 2, 2024
STX$506.14+9.8%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In millions, except per share data)
| Fiscal Years Ended | |||
|---|---|---|---|
| June 28,2024 | June 30,2023 | July 1,2022 | |
| Revenue | $6,551 | $7,384 | $11,661 |
| Cost of revenue | 5,015 | 6,033 | 8,192 |
| Product development | 654 | 797 | 941 |
| Marketing and administrative | 460 | 491 | 559 |
| Amortization of intangibles | — | 3 | 11 |
| BIS settlement penalty | — | 300 | — |
| Restructuring and other, net | (30) | 102 | 3 |
| Total operating expenses | 6,099 | 7,726 | 9,706 |
| Income (loss) from operations | 452 | (342) | 1,955 |
| Interest income | 15 | 10 | 2 |
| Interest expense | (332) | (313) | (249) |
| Net gain from termination of interest rate swap | 104 | — | — |
| Net gain from business divestiture | 313 | — | — |
| Net (loss) gain from early redemption of debt | (29) | 190 | — |
| Other, net | (78) | (41) | (29) |
| Other expense, net | (7) | (154) | (276) |
| Income (loss) before income taxes | 445 | (496) | 1,679 |
| Provision for income taxes | 110 | 33 | 30 |
| Net income (loss) | $335 | $(529) | $1,649 |
| Net income (loss) per share: | |||
| Basic | $1.60 | $(2.56) | $7.50 |
| Diluted | $1.58 | $(2.56) | $7.36 |
| Number of shares used in per share calculations: | |||
| Basic | 209 | 207 | 220 |
| Diluted | 212 | 207 | 224 |
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