Seagate Technology (NASDAQ:STX) Reports Q2 In Line With Expectations But Inventory Levels Increase

Data storage manufacturer Seagate (NASDAQ:STX) reported results in line with analysts' expectations in Q2 FY2024, with revenue down 17.6% year on year to $1.56 billion. The company expects next quarter's revenue to be around $1.65 billion, in line with analysts' estimates. It made a non-GAAP profit of $0.12 per share, down from its profit of $0.16 per share in the same quarter last year.

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