Seagate Q1 2025 Earnings Report
Key Takeaways
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.
Revenue increased to $2.17 billion.
GAAP diluted earnings per share (EPS) of $1.41; non-GAAP diluted EPS of $1.58.
Cash flow from operations of $95 million and free cash flow of $27 million.
Increased quarterly cash dividend by approximately 3% to $0.72 per share.
Seagate
Seagate
Forward Guidance
The Company is providing the following guidance for its fiscal second quarter 2025: Revenue of $2.30 billion, plus or minus $150 million and Non-GAAP diluted EPS of $1.85, plus or minus $0.20.