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Sep 27, 2024
Seagate Q1 2025 Earnings Report
Reported an outstanding start to the fiscal year with gross margin expanding to the highest level in more than a decade.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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