Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results | TechPowerUp
 
Seagate Technology plc (NASDAQ: STX) (the "Company" or "Seagate") today reported financial results for its fiscal second quarter ended January 1, 2021. "Seagate delivered strong, double-digit revenue, earnings and free cash flow growth in the December quarter supported by broad-based improvement across nearly every served market and geography, and we had solid customer demand for our mass capacity products," said Dave Mosley, Seagate's chief executive officer.

"We also achieved our technology milestone by shipping 20-terabyte HAMR drives in calendar 2020, paving the way for Seagate's continued success for years to come. As demand for data increases in both the cloud and at the edge, Seagate's new Lyve Storage Platform complements our HDD portfolio to help businesses address both the secular demand for mass capacity storage and the increasing complexity of managing data from edge-to-core cloud. We are well positioned to benefit from the tremendous opportunities we foresee ahead and remain focused on enhancing value for our customers, employees and shareholders."
 
The Company generated $473 million in cash flow from operations and $314 million in free cash flow during the fiscal second quarter 2021. Seagate maintained a healthy balance sheet and during the fiscal second quarter 2021, the Company paid cash dividends of $167 million and repurchased 18 million ordinary shares for $1 billion. Additionally, the Company raised $1 billion of debt and ended the fiscal second quarter with cash and cash equivalents totaling $1.8 billion. There were 240 million ordinary shares issued and outstanding as of the end of the quarter.

For a detailed reconciliation of GAAP to non-GAAP results, see accompanying financial tables.
 
I think this result is not bad so Seagate is doing fine. 

aka_STEVE_b
Man, I have always had bad luck using any Seagate branded drives . I stopped using them awhile ago.
 
Does anyone on here use them  &  had good luck more recently ??

It's model specific, Seagate had truly good models and epically bad ones. I've used a bunch for NAS duties and most of the time don't have issues with them. I did have one of the really bad 1TB models that died fast as well. My experiences with Western Digital have been less than favorable, though.
 
This is one of the 320GB models I first used in a NAS a lifetime ago. By March it will have been powered-on and spinning for 11 years. The age of the drive is around 15 years. I mapped the downloads folder to it and use it as a general scratch disk. So yes, if you get the right models Seagate drives can last a very long time.  Figuring out which models are the right ones, now that's the question.