Summary
Seagate Technology Holdings plc (STX) filed an 8-K on January 8, 2018, to provide selected preliminary financial information for its fiscal second quarter ended December 29, 2017. This filing also announced the completion of a long-term NAND supply agreement with Toshiba Memory Corporation. Investors should note that the financial information provided is preliminary and furnished, not filed, meaning it's subject to change upon completion of the financial statement closing process. The company also set a date for its full fiscal second quarter 2018 earnings release and webcast for January 29, 2018. During this event, Seagate will report its official results and provide an outlook for the third fiscal quarter of 2018. The agreement with Toshiba Memory Corporation is a significant development, potentially securing a key component for Seagate's storage solutions and impacting its supply chain and competitive positioning.
Key Highlights
- 1Seagate announced preliminary financial results for the fiscal second quarter ended December 29, 2017.
- 2The company completed a long-term NAND supply agreement with Toshiba Memory Corporation.
- 3The full fiscal second quarter 2018 earnings results and webcast are scheduled for January 29, 2018.
- 4An outlook for the third fiscal quarter of 2018, including key assumptions, will be provided during the January 29th webcast.
- 5The preliminary financial information is furnished and not deemed filed, indicating it may be subject to adjustments.
- 6Seagate's investor relations website is mentioned as a routine source of material information.
- 7The filing includes a cautionary note regarding forward-looking statements and associated risks.