Seagate Technology Reports Fiscal First Quarter 2025 Financial Results
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Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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Source: Business Wire
Fiscal Q1 2025 HighlightsRevenue increased to $2.17 billionGAAP diluted earnings per share (EPS) of $1.41; non-GAAP diluted EPS of $1.58Cash flow from operations of $95 million and free cash flow of $27 millionIncreased quarterly cash dividend by approximately 3% to $0.72 per share FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal first quarter ended September 27, 2024."Seagate is off to an outstanding start to the fiscal year, highlighted by gross margin expanding to the highest level in more than a decade," said Dave Mosley, Seagate’s chief executive officer."We executed on our plans to aggressively ramp our 28-terabyte nearline drives and broaden the number of cloud customers entering qualification on HAMR-based Mozaic products. We are excited by the strong product momentum which positions us well to address customer deman
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