CUPERTINO, Calif.– Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced selected preliminary financial information for its fiscal fourth quarter of 2015, which ended on July 3, 2015.

Seagate expects to report revenue of approximately $2.9 billion and non-GAAP gross margin of approximately 27.0% for the fiscal fourth quarter 2015. These preliminary results compare to the Companys previously forecasted range for fiscal fourth quarter of revenue of $3.2 to $3.3 billion and non-GAAP gross margin of approximately 28.5%. The difference was driven primarily by lower than expected intra-quarter demand. Non-GAAP operating expenses are expected to be approximately $530 million, below previously forecasted non-GAAP operating expenses of approximately $555 million.

Seagate expects to report unit shipments for the fiscal fourth quarter of approximately 45 million, maintaining approximately 40% market share and reflecting approximately 52 exabytes. Cash, cash equivalents, restricted cash and short term investments totaled approximately $2.5 billion at the end of the quarter.

Conference Call Details for Fiscal Fourth Quarter and Year End 2015 Financial Results

Seagate will report its fiscal fourth quarter and year-end 2015 financial results before the market opens on Friday July 31, 2015. The investment community conference call to discuss these results will take place that day at 6:00 a.m. Pacific/9:00 a.m. Eastern Time. The live event can be accessed online at Seagates Investor Relations website at www.seagate.com/investors.

An archived audio webcast of this event will be available shortly following the event conclusion.

About Seagate

Seagate creates space for the human experience by innovating how data is stored, shared and used. Learn more at www.seagate.com.