Seagate Technology Holdings plc (STX) Q1 2023 Earnings Call Transcript

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Q1: 2022-10-26 Earnings Summary

EPS of $0.48 misses by $0.23
 | Revenue of $2.04B (-34.67% Y/Y) misses by $70.91M

Seagate Technology Holdings plc (NASDAQ:STX) Q1 2023 Earnings Conference Call October 26, 2022 7:30 AM ET

Company Participants

Shanye Hudson - SVP, IR and Treasury
Dave Mosley - CEO
Gianluca Romano - CFO

Conference Call Participants

Wamsi Mohan - Bank of America Merrill Lynch
Krish Sankar - Cowen and Company
Karl Ackerman - Exane BNP Paribas
Timothy Arcuri - UBS
Erik Woodring - Morgan Stanley
Aaron Rakers - Wells Fargo Securities
C.J. Muse - Evercore ISI
Shannon Cross - Credit Suisse
Jim Suva - Citi
Sidney Ho - Deutsche Bank
Ananda Baruah - Loop Capital Markets
Thomas O'Malley - Barclays
Toshiya Hari - Goldman Sachs

Operator

Good morning, and welcome to the Seagate Technology Fiscal First Quarter 2023 Earnings Conference Call [Operator Instructions]. Please note that this event is being recorded.

I would now like to turn the conference over to Shanye Hudson, Senior Vice President, Investor Relations and Treasury. Please go ahead.

Shanye Hudson

Thank you. Good afternoon, everyone, and welcome to today's call. Joining me are Dave Mosley, Seagate's Chief Executive Officer; and Gianluca Romano, our Chief Financial Officer. We've posted our earnings press release and detailed supplemental information for our fiscal first quarter 2023 results on the Investors section of our website.

During today's call, we'll refer to GAAP and non-GAAP measures. Non-GAAP figures are reconciled to GAAP figures in the earnings press release posted on our website and included in our Form 8-K that was filed with the SEC. We've not reconciled certain non-GAAP outlook measures because material items that may impact these measures are out of our control and/or cannot be reasonably predicted. Therefore a reconciliation to the corresponding GAAP measures is not available without unreasonable efforts.

I'd like to remind you that today's call contains forward-looking statements that reflect management's current views and assumptions, based

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