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Seagate Technology | 10-K: FY2024 Annual Report

Seagate Technology | 10-K: FY2024 Annual Report

希捷科技 | 10-K:2024财年年报
美股SEC公告 ·  2024/08/02 13:28

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Seagate Technology reported revenue of $6.6 billion with a gross margin of 23% for fiscal year 2024, shipping 398 exabytes of HDD storage capacity. The company generated $918 million in operating cash flow and paid $585 million in dividends. Seagate issued $1.5 billion of exchangeable notes to retire $1.3 billion in term loans.Net income for FY2024 was $335 million, compared to a net loss of $529 million in FY2023. The improvement was driven by favorable pricing actions, product mix, and a $313 million net gain from the sale of System-on-Chip operations to Broadcom. Operating expenses decreased by $609 million year-over-year, primarily due to workforce reductions and lower restructuring costs.Seagate ended the fiscal year with $1.4 billion in cash and cash equivalents. The company expects capital expenditures to increase in FY2025 as it prepares for an anticipated industry-wide demand recovery and AI application deployment. However, management noted that the macroeconomic environment remains dynamic and continues to impact business operations and results.
Seagate Technology reported revenue of $6.6 billion with a gross margin of 23% for fiscal year 2024, shipping 398 exabytes of HDD storage capacity. The company generated $918 million in operating cash flow and paid $585 million in dividends. Seagate issued $1.5 billion of exchangeable notes to retire $1.3 billion in term loans.Net income for FY2024 was $335 million, compared to a net loss of $529 million in FY2023. The improvement was driven by favorable pricing actions, product mix, and a $313 million net gain from the sale of System-on-Chip operations to Broadcom. Operating expenses decreased by $609 million year-over-year, primarily due to workforce reductions and lower restructuring costs.Seagate ended the fiscal year with $1.4 billion in cash and cash equivalents. The company expects capital expenditures to increase in FY2025 as it prepares for an anticipated industry-wide demand recovery and AI application deployment. However, management noted that the macroeconomic environment remains dynamic and continues to impact business operations and results.
希捷科技报告称2024财年的营业收入为66亿元,毛利率为23%,发运了398个艾字节的硬盘存储容量。该公司产生了91800万元的营业现金流,并支付了58500万元的分红派息。希捷发行了15亿元的可交换票据以偿还13亿元的定期贷款。2024财年的净利润为33500万元,而2023财年则净亏损52900万元。改善的原因是有利的定价措施、产品组合和来自向博通出售系统级芯片业务的31300万元的净收益。营业费用同比减少了60900万元,主要由于裁员和重组费用降低。希捷在财年末拥有资金及现金等价物14亿元。该公司预计2025财年的资本支出将增加,因为它为预期的行业板块需求恢复和人工智能应用部署做好准备。然而,管理层指出,宏观经济环境依然动态,继续影响业务运营和业绩。
希捷科技报告称2024财年的营业收入为66亿元,毛利率为23%,发运了398个艾字节的硬盘存储容量。该公司产生了91800万元的营业现金流,并支付了58500万元的分红派息。希捷发行了15亿元的可交换票据以偿还13亿元的定期贷款。2024财年的净利润为33500万元,而2023财年则净亏损52900万元。改善的原因是有利的定价措施、产品组合和来自向博通出售系统级芯片业务的31300万元的净收益。营业费用同比减少了60900万元,主要由于裁员和重组费用降低。希捷在财年末拥有资金及现金等价物14亿元。该公司预计2025财年的资本支出将增加,因为它为预期的行业板块需求恢复和人工智能应用部署做好准备。然而,管理层指出,宏观经济环境依然动态,继续影响业务运营和业绩。
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