Seagate Earnings Reports

Seagate achieved year-on-year revenue and profitability growth, with non-GAAP EPS at the top of guidance, reflecting a healthy supply/demand environment and strategic operational improvements.

Seagate Technology reported a strong fiscal Q2 2025, with revenue increasing to $2.33 billion and non-GAAP EPS reaching $2.03. The company is ramping up HAMR-based Mozaic products and expects profitable growth in fiscal 2025.

Seagate Technology reported strong Q1 2025 financial results, with revenue increasing to $2.17 billion and GAAP EPS of $1.41. The company's gross margin expanded to the highest level in more than a decade, driven by the ramp of 28-terabyte nearline drives and qualification of HAMR-based Mozaic products. Seagate increased its quarterly cash dividend by approximately 3% to $0.72 per share.

Seagate reported a strong Q4 2024 with revenue of $1.89 billion, an 18% increase year-over-year, and GAAP EPS of $2.39 and non-GAAP EPS of $1.05. The company generated $434 million in cash flow from operations and $380 million in free cash flow. Seagate is focused on driving profitability and executing its mass capacity product roadmap in fiscal year 2025.

Seagate Technology reported a 6% increase in revenue to $1.66 billion and a significant rise in non-GAAP EPS, more than doubling over the previous quarter. This improvement was driven by growing cloud demand, strong operating discipline, and effective price execution.

Seagate Technology reported fiscal second quarter 2024 financial results with revenue of $1.56 billion and a GAAP loss per share of $(0.09). Non-GAAP diluted earnings per share (EPS) was $0.12. The company generated $169 million in cash flow from operations and $99 million in free cash flow.

Seagate Technology reported Q1 2024 revenue of $1.45 billion. The company experienced a GAAP loss per share of $(0.88) and a non-GAAP loss per share of $(0.22). They generated $127 million in cash flow from operations and $57 million in free cash flow.

Seagate's Q4 2023 performance reflects an uneven economic recovery in China, cloud inventory digestion and cautious enterprise spending. Revenue was $1.60 billion with a GAAP loss per share of $(0.44) and non-GAAP loss per share of $(0.18). The company generated $218 million in cash flow from operations and $168 million in free cash flow.

Seagate Technology reported revenue of $1.86 billion for the fiscal third quarter 2023. The company experienced a GAAP loss per share of $(2.09) and a non-GAAP loss per share of $(0.28). Cash flow from operations was $228 million, and free cash flow was $174 million.

Seagate Technology reported revenue of $1.89 billion and a GAAP diluted loss per share of $(0.16) for the fiscal second quarter ended December 30, 2022. The company generated $251 million in cash flow from operations and $172 million in free cash flow. They reduced debt by $220 million, exiting the quarter with $6.0 billion in total debt, and $770 million in cash and cash equivalents.

Seagate's Q1 2023 revenue was $2.04 billion, with a GAAP EPS of $0.14 and non-GAAP EPS of $0.48. The company is implementing a restructuring plan expected to yield $110 million in annualized savings.

Seagate's Q4 2022 revenue was $2.63 billion, with a GAAP EPS of $1.27 and non-GAAP EPS of $1.59. The results reflect stable mass capacity storage demand, offset by Covid restrictive measures in Asia and weakening global economic conditions.

Seagate's Q3 2022 financial results showed a revenue of $2.8 billion. The company's GAAP diluted EPS was $1.56, and non-GAAP diluted EPS was $1.81. They generated $460 million in cash flow from operations and $363 million in free cash flow. Seagate returned $571 million to shareholders through dividends and share repurchases.

Seagate Technology reported strong fiscal second quarter results, achieving its highest revenue level in over 6 years, driven by cloud data center demand. The company reported revenue of $3.12 billion, a GAAP operating margin of 18.6%, and a non-GAAP operating margin of 19.9%.

Seagate's Q1 2022 shows a strong start to the fiscal year with revenue of $3.12 billion. The company achieved a GAAP EPS of $2.28 and a non-GAAP EPS of $2.35. Free cash flow was $379 million.

Seagate reported strong Q4 2021 results with revenue of $3.01 billion, GAAP EPS of $2.07, and non-GAAP EPS of $2.00. The company's performance was driven by robust demand for mass capacity data storage.

Seagate Technology reported strong Q3 financial results with revenue of $2.73 billion. The company's GAAP EPS was $1.39 and non-GAAP EPS was $1.48. They generated $378 million in cash flow from operations and $274 million in free cash flow.

Seagate Technology reported fiscal second quarter 2021 financial results with revenue of $2.62 billion, GAAP EPS of $1.12, and non-GAAP EPS of $1.29. The company generated $473 million in cash flow from operations and $314 million in free cash flow. Seagate returned $1.2 billion to shareholders through dividends and share repurchases.

Seagate Technology reported solid September quarter results, driven by strong recovery in the video and image applications market and healthy cloud data center demand. The company's revenue reached $2.31 billion, with a GAAP EPS of $0.86 and non-GAAP EPS of $0.93. Seagate is on track to ship its first HAMR drives for revenue in December.

Seagate Technology reported Q4 2020 revenue of $2.52 billion. The company's GAAP EPS was $0.64 and non-GAAP EPS was $1.20. Cloud and data center demand drove record exabyte shipments for nearline mass capacity drives. Economic uncertainty and COVID-19 related disruptions impacted demand in other key end markets.

Seagate Technology reported strong financial results for its fiscal third quarter ended April 3, 2020, delivering revenue and non-GAAP EPS above guidance midpoint and generating solid free cash flow despite unprecedented challenges from the COVID-19 pandemic.

Seagate Technology reported fiscal second quarter 2020 financial results with revenue of $2.7 billion, a GAAP operating margin of 14.2%, and GAAP diluted EPS of $1.20. The company generated $480 million in cash flow from operations and $286 million in free cash flow.