Wednesday, June 16, 2021

Seagate Lifts 4FQ21 Revenue Guidance From $2.85 to $2.95 Billion Plus or Minus $150 Million


On urging enterprise drive and crypto farming demand

Seagate Technology Holdings plc increased 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, CEO. “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.”